Here is How to Invest in Bitcoin and Other Cryptocurrencies
Since its low, Bitcoin is up almost 800%!
One bright spot amidst the recession has been the explosion in the value of Bitcoin and other cryptocurrencies.
So how can you take advantage of Bitcoin’s rise in the world economy? What is the best and easiest way to get exposure to cryptocurrency?
Read on for answers to all those questions and more.
In 2008, a person or persons using the pseudonym Satoshi Nakamoto released a whitepaper that described how Bitcoin would operate.
Bitcoin was a novel concept in that it was an entirely digital peer-to-peer currency.
This means that it could facilitate payments between two people instantaneously without a third party (such as a bank) in the middle.
Is Bitcoin a Good Investment?
Imagine you invested $1,000 in Bitcoin at the beginning of 2012. Can you guess what it would be worth today? $10,000? $100,000?
Try $8 MILLION.
The Bull Case
Those who champion Bitcoin see it as the equivalent of gold for the modern world. While gold itself doesn’t have any inherent value, there is a limited supply.
The Bear Case
It is also beginning to be scrutinized by regulators and governments who see it as competition for their own currencies. There is certainly the risk that it could be regulated out of existence.
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