Is Bitcoin a Good Investment in 2021?

bitcoin

Bitcoin is one of the most valuable and popular digital currencies that appeals to a wide range of investors in Istanbul, Dubai, and other parts of the world.

Since bitcoin has gained tremendous popularity and gained valuable acceptability as an alternative asset, many companies and investors consider it a venture capital-backed asset.

There are a lot of ways to buy bitcoin in Istanbul and one of them is choosing crypto exchanges and similar platforms. However, before choosing any platform, it is recommended to study in detail and find out all the important pros and cons.

So, with every news channel, social media platform, and other sources hyping about bitcoin, do you also think is bitcoin a good investment in 2021?

If yes, then here are some important things you need to know first before making any investment.

Why Should You Buy Bitcoin in Istanbul? What are its Advantages?

In a lot of ways, investment in bitcoin is more like an investment in the stock market.

However, when you compare bitcoin with traditional investments, you will get a lot of amazing advantages, such as:

  • Liquidity:

Due to the great development of multiple trading platforms, crypto exchanges, and online brokerages, Bitcoin is considered the most liquid financial asset.

It offers extremely affordable rates; people can easily exchange this crypto for fiat or high-valued commodities like gold. If you want to earn quick profits, Bitcoin’s high liquidity can simply be an exceptional investment vehicle.

  • Digital storage:

Another advantage of bitcoin is, it is less vulnerable to seizing or hazards like fires or hardware failures as bitcoin has already the decentralized structure of cryptocurrency ledgers. Its data doesn’t only keep off-site, but it is also duplicated to full nodes throughout the world.

  • New opportunities:

Among all the cryptos, bitcoin is still a new way of investment, it won’t stop gaining popularity even after years. Now because of this newness, bitcoin carries high price fluctuations as well as volatility, and this automatically leads to big gains.

  • Diversification:

Bitcoin also helps you diversify your investment portfolio due to its solid yet minimal connection to stock market results.

Even if you have a simple or traditional portfolio, a small investment in Bitcoin would probably increase your returns and risk-adjusted returns while decreasing its volatility and maximum drawdowns.

Future of Bitcoin:

With a lot of popular international leaders and investors like Richard Branson, Elon Musk, and Jack Dorsey investing in and putting efforts to promote Bitcoin, and different other corporations that are adding the crypto to their balance sheets, bitcoin is on the way to gain much more traction. It promises to become a highly valuable digital currency in the future.

Bitcoin’s monetary policy is also much different and unique than the government since the crypto is not controlled by any central authority. There are a lot of investors today who search for alternative assets so they can protect themselves against inflation because govt is now making more money than ever before especially in the wake of the pandemic.

That’s the reason, many people now use bitcoin as a long-term investment, and it is going to gain lots of acceptance in the future as well.

Ending Thoughts:

So, if you want to gain direct exposure in the digital financial world, bitcoin is a great way to start. The way that bitcoin is getting popularity indicates that it is going to become a booming industry in the long run. If you belong to Istanbul or surrounding parts, it’s wise to buy bitcoin in Istanbul and diversify your portfolio.

Bitcoin has the potential to become a truly international currency in the future. So if you have decided to buy bitcoin, it is best to explore all the facts, advantages, and risks.

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