Cryo-currency turns out to be one of the biggest bubbles in history! Look at how much Bitcoin’s market capitalization has collapsed since the end of 2017.
The question wise investors should think about now is whether Bitcoin and other cryptocurrencies at these levels are a buy. The Hodlrs have been forced to submit and we are finally seeing a surrender.
As someone who only uses investment returns to buy perily assets, such as income from stocks or dividend bonds, to play in speculative investments, let’s look at the positives of buying Bitcoin and other cryptocurrencies today.
Reasons to Buy Bitcoin and cr cr
1. Reviews “inexpensive”
There is no way to properly value Bitcoin because it does not generate free cash flow. Evaluating cryptography is like evaluating gold, it’s hard to do. Therefore, we need to look at the relative value, for example, what Bitcoin is traded today compared to before. Check out the Ma rapporto As you can see from the chart, Bitcoin is below its median value in red.
2. Bitcoin Can Be a Reliable Alternative
Unlike banks that can fail, ambush or be robbed, Bitcoin has been relatively stable since 2013. Forget the mountain. Go Fi Fiasco! The problem with using Bitcoin to buy something is the cost of the transaction. Who the hell will pay a $ 20 transaction fee every time they want to buy food? Fortunately, transaction costs have decreased due to technological improvements, including the further development of the Lightning network, Bitcoin Cash and the Segregated programma
3. Crto
As older generations pass away out and younger generations adopt crypto, or at least have heard of Bitcoin and crypto, it is becoming more and more common. The people in power, the heads of the banks, are elderly elders who have a vested interest in protecting their old institutions.
Bitcoin clearly remains the largest cryptocurrency, with a current market share of around 43%. In general, this is a winning mentality within new limits.
4. Institutional demand is increasing
Goldman, Morgan There are entire startups based on Blockchain technology. Coinbase has raised a massive round of funding and will therefore do more to bring crypto to the masses. It also creates ETFs to take advantage of the crypto trend.
The more liquidity there is to invest in crypto, the higher the demand for crypto will be.
5. A potential refuge in times of global instability
If North Korea decides to launch a nuclear projectile against South Korea, hell will break loose if China defends North Korea (they are allies). The United States will intervene, annihilate North Korea, and then we will have a version of World War III.
The stock market will melt and there will be banking storms. However, if you own cr crptos, you are relatively secure because of the decentralized way Bitcoin and other cryptocurrencies are held and valued.
6. The desire for intimacy will continue to exist
There is a huge black market where people buy and sell things they don’t want others to know. This is where cryptocurrencies come into play because it is an anonymous payment system.
Just as there is a revolt against Facebook and Google after each stage of selling ads, the same goes for financial transactions. We want Privacy
7. a stable money supply
Unlike the US dollar, which can lose value due to the massive pressure of new dollars, only about 7200 Bitcoins are created every day. Just look at the hyperinflation that is happening in Venezuela due to massive monetary pressure.
The more money there is, the less the change is worth. Therefore, with the cost of Bitcoin mining, Bitcoin is better able to maintain its value.