At this point, the investment community started taking notice, leading to the formation of many of the top crypto exchanges we see today.Īs a beginner crypto, Bitcoin has maintained 'first-mover' status within the market, adding credibility in investors' eyes. Since Bitcoin payments need no intermediary, both parties can remain anonymous, resulting in BTC gaining a reputation for facilitating murky transactions.īTC’s value began rising in the early 2010s, and between 20, the coin's price soared by over 5,600%. In its first few years, many viewed Bitcoin as a joke, with its only real adoption coming from underworld websites like Silk Road. For those unaware, Bitcoin was founded by the mysterious Satoshi Nakamoto back in 2008, with the coin’s source code released in early 2009. People often ask, “Is Bitcoin still worth investing in?” yet fail to understand the coin’s price history – which can help inform future price moves. However, for investors that seek high returns and are happy to take on additional risk, there are certainly better options out there. Putting everything together, is Bitcoin a good investment? For 'mom and pop' investors who are looking to gain exposure to digital currencies for the first time, BTC can represent a suitable option. The adoption by financial institutions does have its good points, yet it also hints that Bitcoin’s quadruple-digit growth is a thing of the past. The coin is now used in various crypto index funds, although the long-awaited spot BTC ETF is still unavailable. Moreover, Bitcoin is now widely adopted by institutional investors, which has helped dampen volatility. In turn, there's no huge 'rush' for investors to purchase BTC. However, the main reason is that market participants already know what they're getting with Bitcoin – there are no surprises or additional use cases. There are many reasons for this, such as Bitcoin’s lack of utility and its outdated (and energy-intensive) mining process. Although this means the coin's price tends to be less volatile, it also means explosive growth is improbable. So, is it too late to invest in Bitcoin? Needless to say, Bitcoin isn’t a new cryptocurrency anymore – and could even be considered 'mature' within the context of the crypto market. Is It Too Late to Buy Bitcoin? Our Verdict We'll also highlight where traders can buy Bitcoin today with low fees before presenting some alternative cryptos that may be worth considering. In many instances, the coin has also solidified itself as a transactional currency, offering another option for shoppers and merchants.īut is it too late to buy Bitcoin? In this article, we take a deep dive into Bitcoin's price history and examine whether it still has long-term value. Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of .īitcoin remains the world's largest cryptocurrency, with millions of people globally now holding BTC in the hope of generating above-average returns.
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