Cryptocurrency like Bitcoin is used primarily for two purposes: for digital payment of goods and services, and for storage value. With Bitcoin’s popularity soaring over the last decade, you’ve likely heard about cryptocurrency investments and the market swing. Whether you’re looking to capitalize on risky opportunities or simply test the Bitcoin investment waters, there is some important information you should know. So, is Bitcoin a good investment in 2021?
What’s the Truth – Is Bitcoin a Good Investment?
Bitcoin has a lot more in common with gold than it does the US dollar for a few reasons. First, Bitcoin has a set number, much like there is a finite amount of gold available. A fixed amount means that you can’t make more Bitcoins like you can print more dollars.
The US dollar has depreciated in value due to inflation; however, Bitcoin, like gold has not. Therefore, with a fixed supply, Bitcoin isn’t subject to the same loss of value as traditional currency.
While Bitcoin can’t depreciate due to a fixed supply, the variable that fluctuates in the cryptocurrency market is demand. Many possibly lucrative investments are waiting to be made with Bitcoin; however, you should consider your options carefully.
One of the most vital skills in the cryptocurrency market is forecasting value and determining which investments will go to the moon. Is Bitcoin a good investment in 2021? Absolutely, given you thoroughly research the available opportunities and develop your skills for anticipating market swing.
Join the Modern Digital Market With Bitcoin in 2021!
If you think about it, with credit cards, debit cards, and contactless payment options, most people aren’t handling physical currency anymore. Swiping a bank card that holds your banking figures is so much easier than digging through your wallet or purse for paper bills. Given that most aren’t using physical currency regularly anymore, the step toward Bitcoin is even easier.
If you do have US dollars in your pocket, a great way to spend them is by exchanging them for Bitcoin at one of our Black Swan Bitcoin ATMs. Getting into cryptocurrency has never been more accessible, with our specialized and secure ATMs conveniently located in a city near you. Don’t wait; start setting aside for your future with Bitcoin investments today.