Bitcoin (BTC) was unknown to many some years back when it was introduced. Even the term cryptocurrency was foreign to people. They were unaware of the concept of a digital currency and were habitual to traditional money or fiat.
However, the time has changed, and Bitcoin has come over a long way to become the most widely recognized cryptocurrency.
Bitcoin is a currency that operates freely in a decentralized manner free from the influence of a government or bank. Bitcoin is based on peer-to-peer software and cryptography. Its transactions are recorded in a public ledger that ensures enhanced safety and higher returns.
Bitcoin has become the largest cryptocurrency in the last few years by market capitalization, thanks to its positive adoption. Many individuals have made massive gains on Bitcoin as its value is increasing with time. According to cryptocurrency experts, anyone interested in cryptocurrency should invest in Bitcoin as it is the safest and most valuable digital currency.
Let us find out why everyone should invest in Bitcoin.
Why You Should Care about Bitcoin?
Bitcoin has gradually become the most widely recognized cryptocurrency, thanks to the support of the Key Opinion Leaders (KOLs). Bitcoin operates in a highly secured environment and its protocols designed in a way to provide an inflation hedge.
Carl Runefelt, alias, The Moon, is a global crypto leader who has invested in more than 350 crypto startups. He says, “Bitcoin is the best hedge against inflation that we have in the world right now and Bitcoin is also the best form of money that we have and have maybe ever seen in the history of humans with that said, fiat is the worst form of money that we have seen in the history of humans, and I see a huge transition now where we’re gonna go more and more towards a crypto economy and I am super excited about that.”
When is the Right Time to Invest?
Bitcoin is a digital currency that has been labelled by many global leaders as the best alternative to fiat. Bitcoin is free from the influence of any central authority, its transactions are public, and it is secured by cryptography to eliminate the risk of fraud. Carl believes that everyone should at least hold one Bitcoin for success in cryptocurrency.
He says, “Bitcoin and for all coins, I like to accumulate at lower levels. So, right now when everything is silent and chilled and going down, I am happily accumulating in peace. Every single altcoin out there has been going down like crazy in the last three months, and in my opinion that is a fantastic opportunity to pick up some cheap prices because, in the next bull run, you will be the winner if you bought when everyone else was not buying.” He believes that those who have missed buying Bitcoin earlier should start savings and invest in it.
Carl is pushing for a crypto-based global economy and shares valuable information on Bitcoin through his YouTube channel, The Moon.
Is Bitcoin a Safe Investment?
People always care about their investments and try to avoid challenges such as scams. Bitcoin has captured the attention of many investors as it offers a lucrative investment opportunity, thanks to its encrypted blockchain technology and secured public ledger.
Carl further says, “Bitcoin is going up year over year and in times of uncertainty we have seen that people increasingly turn to Bitcoin as a form of money and store of value because Bitcoin is the only money in the world that has no political attachment. Bank money can get frozen, or gold can get confiscated but with Bitcoin, you can literally cross a border with your private keys in your head and you can travel the world with millions of dollars literally stuck in your brain.”
According to Carl, Bitcoin perhaps the safest bid for investors and the fact that investors can make unprecedented profits whenever the market is bullish.
During one of his interviews, he said, “I am very confident that this will be a very good investment. I believe that Bitcoin is not only going to go to $500,000, I think that Bitcoin is gonna go to five million dollars per Bitcoin in today’s money. Obviously, with inflation, bitcoin could go to trillions of dollars per Bitcoin.”
He believes that Bitcoin is the safest cryptocurrency to invest in future. He says, “Everyone knows that in crypto there is always another pump around the corner exactly and it’s gonna happen sooner rather than later and when you hold Bitcoin, you’re always safe.”