Do you want to earn a lot of money in 2021? If your answer is yes, it's time to start thinking about adding bitcoin to your portfolio. Cryptocurrencies have been around for over a decade and they're not going anywhere anytime soon. The best part is that there are many cryptocurrencies with different purposes and use cases. This article will focus on why people should consider investing in bitcoin in 2021.
If you are an investor looking to increase your portfolio, Bitcoin should be on your money list to invest. In 2021, more companies are starting to accept bitcoin as a form of payment, making it even easier for people to buy bitcoin.
How Does Bitcoin Improve Investment Portfolio?
1) Bitcoin can be invested more easily
Investing in Bitcoin does not require you to purchase an entire coin. You can invest $100 worth of bitcoin and it's much easier than buying stocks or bonds as all transactions are digital. This means it is easy for people with smaller budgets to invest in bitcoin, which may be why this cryptocurrency is so popular.
2) Bitcoin is a hedge against economic uncertainty
Bitcoin's value rises during times of political and economic instability. When big events happened like Brexit, the United States election in 2016, or when Trump tweeted about raising tariffs on China – the price of bitcoin rose dramatically as people sought stability outside of their own currency. Currently, bitcoin has lost some importance in the market. But if we see another global economic crisis in 2021, Bitcoin will be there to stabilize it.
3) Bitcoin is a protection against government manipulation
Some people invest in gold because they do not trust the US dollar. Bitcoin has taken on that role for many other investors as governments and central banks seek to manipulate their currencies or create inflation by printing more money without the cost of conversion. They can do this without any reflection – bitcoin's value is not tied to any government or central bank.
4) Bitcoin has a use case
Some people think that Bitcoin is just an investment vehicle and has no underlying value. But the truth is that bitcoin has some basic levels of use. The blockchain technology that drives Bitcoin can be used for other purposes, such as tracking property rights or enforcing certain contracts. And while many investors expect mass adoption of Bitcoin in the future, there are still several ways to leverage it today.
5) Bitcoin is a store of value
Bitcoin has never been used as an investment vehicle, but the truth is that some people have seen their money holding bitcoin grow by over 300% in a single year. And that's just speculation – if you use your bitcoin for day-to-day transactions or spend wisely on items like gift cards and more, you can see the real-world value as well.
As a result, Bitcoin has finally proven to be a valuable investment vehicle with an expected value of over $100 per coin. You can buy some for as little as $5700 and reap the benefits when they're worth $2021 or more in 200.000. To start trading Bitcoin, you need a crypto wallet and Bitcoin Era You will need the best trading app like