How to Invest in Bitcoin In 5 Simple Steps
which is equivalent to roughly $400 million at today’s valuation.
The first known commercial use of Bitcoin was a purchase of two pizzas in 2010 by programmer Laszlo Hanyecz for 10,000 BTC,
Most people had never heard of Bitcoin in 2010, and even fewer would have considered it an investment-worthy asset.
But a decade later, investing in Bitcoin is growing in popularity with advances in cryptocurrency, blockchain technology, and the metaverse.
Investing in Bitcoin has become much easier over the past few years, but there are still a few hurdles to overcome.
Read on to learn different ways to invest in Bitcoin and a step-by-step guide to buying your first Bitcoin.
How To Invest in Bitcoin
Investing in Bitcoin has been compared to investing in “digital gold.”
Setting aside the inflation-hedge claims of Bitcoin enthusiasts,
comparing it to gold is a good analogy when considering the myriad ways to invest in Bitcoin.
Invest in Companies That Utilize Blockchain Technology
One way to get Bitcoin exposure in your stock portfolio is to invest in companies that use Bitcoin and the blockchain technology on which it’s based.
This type of investment will not give you direct ownership of Bitcoin,
but it will let you invest in innovative companies advancing the use of blockchain technologies.
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