Bitcoin is quickly reaching it`s 2017 all-time high price of $19,783. At the time of writing this article it is trading at $18,685 and it has gone up more than 230% in the last 6 months. However, it still has huge upside potential and here are few reasons why you should be still investing in BTC:
- Institutional investors and wall street is recognizing the potential of BTC more and more every day. Blackrock’s (One of the biggest Investment management firm) CIO has stated recently that BTC is here to stay and it might even be replacing GOLD as safe heaven instrument.
BlackRock’s CIO believes Bitcoin could replace Gold.— Yano (@JasonYanowitz) November 20, 2020
“I think crypto is here to stay.”
BlackRock has $7.3 trillion AUM. pic.twitter.com/q7nMFpgeVY
- There will only be 21 million BTC in supply and we are already at around 18.5 BTC mined at the time of writing this article. This means that inflation will never be the problem for Bitcoin and this is very important during the times of Pandemic, when governments are printing money like crazy. People all over the world are recognizing that if you don`t invest your money, then inflation and government printing money will be eating your savings and what is best investment than new gold of 21st century?
- And one of the most important reasons why you should be investing in BTC right now is because it`s gaining more popularity by every day. BTC adoption is rising drastically. More and more companies are trying to accept Bitcoin and adopt Blockchain technology. One of the greatest news lately has been regarding PayPal adding BTC to its platform. This type of popularity and people and businesses means that more money will be flowing in BTC and the price will follow accordingly.
Bitcoin is here to stay and analyst`s predictions that are stating that BTC price might be reaching $100,000, or $500,000 are becoming more and more likely every day!