Bitcoin is one of the highest-grossing crypto assets in the crypto market. The bull cycle that started in 2020 only has proved how valuable Bitcoin is and the impact it has not only on the crypto market but also on the financial world in general.
If you also want to add BTC to your portfolio but you’re wondering what are the benefits of investing in BTC, in this article, we will list the main reasons why new investors are drawn to BTC.
Even though Bitcoin early on was deemed as a risky investment, it has definitely had great bull runs but also bear market cycle. But, over time, it has stabilized as it has amassed a huge audience of users, and today even though it’s considered a volatile asset, it is not as volatile as new cryptocurrencies on the market, especially with a market capitalization of over $1.282 trillion.
This is by default the largest cryptocurrency on the market, and therefore it is one of the most stable assets that you can add to your portfolio. Actually, Bitcoin has consistently grown over the last year. After the halving event, the price of Bitcoin has increased by over 100%.
This marks one of the most successful years for Bitcoin, and furthermore and the price of Bitcoin has surpassed us $60,000 in November, 2021. In comparison, the price of Bitcoin was around $9,000 at the beginning of 2020. So, it’s safe to say that this is the latest proof of the money-making potential of Bitcoin.
The difference between Bitcoin and other altcoins is that they are yet to prove their worth on the crypto market. As Bitcoin is the oldest cryptocurrency and has a global audience, it is readily available for trading on most online trading sites, which gives users across the world an array of options when it comes to exchanging crypto.
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As we mentioned earlier, Bitcoin has become a popular asset among institutional investors. This means that it is backed up by investors that are able to make a huge investment in crypto. This includes crypto trust funds like the Greyscale Crypto Trust Fund, which is one of the largest crypto trust funds of BTC in the world and there are also other crypto trust funds on the market specifically made for Bitcoin and other cryptocurrencies.
Lastly, Bitcoin is the first cryptocurrency to ever reach a safe-haven asset status, especially with the latest bullish cycle during 2020-2021. Also, due to Bitcoin’s small supply of 21 million Bitcoin tokens and the consistent Bitcoin mining, there is approximately 3 million BTC to be added to the network Bitcoin is perceived as a very rare and, therefore, valuable crypto asset. This is one of the main reasons why investors want to add BTC to their portfolio and even compare it to digital gold.
Moreover, Bitcoin is completely decentralized and isn’t even associated with an inventor. Satoshi Nakamoto is a pseudonym for the creator of BTC.
Therefore, Bitcoin isn’t influenced as much as traditional currencies by political instability, social unrests, economic instability, financial crisis, recession, inflation, and other factors that can disrupt the traditional financial markets. So, it is definitely one of the greatest cryptocurrencies that, based on your financial goals, might be a good addition to your investment portfolio.