Reasons to Invest in Bitcoin in 2021

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It’s been nice to see the collective acceptance that’s sprouted around Bitcoin, especially over the past few years. While the rich and famous were the first adopters of the digital currency, nowadays, anybody can invest in Bitcoin via one of the many Bitcoin trading apps that are available. Despite the difficulty to predict the trends in Bitcoin, it hasn’t dampened the spirits of those interested in the crypto. Here, we are going to take a look at some of the many advantages of investing in Bitcoin.

Bitcoin Acceptance is on the Rise

If you have been following the news lately, Bitcoin acceptance has been widely spreading to many popular companies which are publicly backing the crypto. Additionally, the number of users that are adopting the Blockchain wallet has been constantly on the rise since 2019. The fast pace at which users are adopting the crypto is an indicator that the popularity of Bitcoin isn’t going to go down any time soon.

Bitcoin Investments Continues to Grow

According to reports, the number of investors who are purchasing Bitcoin via platforms such as PayPal and Cash App have been steadily growing. In fact, the Cash App’s Bitcoin revenue has soared to a whopping $1.6 billion. The Cash App also revealed in a recent report that their gross profit during the third quarter of 2020 was around $30 million. To know more about bitcoin trading you can visit crypto system.

Suited for the Macro Climate

Another reason to invest in Bitcoin in 2021 is because it’s perfectly suited for the macro investment environment. It should be noted here that the cryptocurrency was born out of the 2008-2009 global financial crisis. Bitcoin was released into the world during a time of government and bank bailouts where it thrived, albeit being ignored by the masses during its initial days. Years later, the world is going through another crisis where many governments are going through bailouts and other crises of their own. During these times of crisis and Bitcoin’s soaring popularity, it is easy to see the unique value proposition that Bitcoin has to offer.

Measuring Bitcoin’s S2F is Easy

“Stock to Flow” is a great concept that’s being floated around in the investment industry. This method can be used to quantify the exact amount of scarcity of a good. The stock is representative of the entire supply that’s in circulation, while the flow represents the exact amount of the new supply per year. Since Bitcoin is an open-source cryptocurrency that follows a fixed supply schedule, measuring the S2F of Bitcoin is possible with 100% accuracy.

As with any other investment, buying Bitcoin also comes with its fair share of risks that are well known. One of which is its price that tends to experience a sharp drop from time to time. But, the good news is that the crypto has always managed to shoot up, and its recent soaring price is testament to the success of Bitcoin. Other risks are more of a personal nature; for instance, you could lose your entire Bitcoin stash in a second if your hard drive crashes; apart from that, hacking incidents aren’t unheard of, which bumps up the risk of investing in crypto. The good news is, there are many app trading bots that allow you to invest in Bitcoin and other cryptocurrencies safely and securely.