March 12th, 2018
Why Is The Value Of Bitcoin So High?
The value of Bitcoin has done nothing but rise ( except for a low point in 2015) since it has come out on the financial market. In 2009, Bitcoin was valued at only 40 cents and now is almost at $15,000 in 2017. Many of the people who were on board with Bitcoin when it first came out are enjoying the higher returns now.
While many people are more than happy that Bitcoin has increased in value, they still want to know the reason behind the dramatic increase in price. Not many investors are completely clear on why Bitcoin is increases, which means numerous theories and assumptions have been made to answer this question. Due to these assumptions, there are some real fears that people face when it comes to investing in Bitcoin. That’s why it is essential to do a good amount of research before risking losing any money. Be careful about where you get your information from and only seek the advice of experts before putting your hard earned money towards Bitcoin.
Obviously, there are numerous positive attributes associated with Bitcoin, one being its advanced technology makes it possible for users across the globe to use this cryptocurrency. Many popular online exchanges and Bitcoin ATMs are available, making BItcoin access fast and easy. Both of these platforms allow you trade Bitcoins fast using any currency available to you. Another interesting thing about this digital currency is that it is capped at 21 million units and in the near future its price will keep soaring. From investment or spending perspective, users from around the world should buy digital currencies. Some other positive points associated with Bitcoin includes:
Many people all around the world have started to realize the long term gains from this new currency system and its revolutionary technology. Many countries are adopting this new currency system and transactions are increasing more than ever.
Beyond the hype of Bitcoin, there are different factors that are helping the popularity of Bitcoin to rise. Factors like, usability, increasing legal recognition and acceptance. The financial market is driven by supply and demand. Since 2009, Bitcoin as remained one of the best digital currencies to remain secured, liquid, and easy to move with a limited supply of 21 million units. Because of this there is no bubble effect behind the rising price of Bitcoin.
However, not everyone is an optimist about this new concept though. Many market experts believe that this soaring price of Bitcoin is just gimmick and it will fall back down in the future. Financial experts can be seen warning investors about the risks involved with the new currency system.
Bottom line – It is safe to invest an amount that you can afford to lose. The sudden price rise won’t stay that for long according to experts and it’s important to do your own person study and research before investing.
Since 2009 the price of Bitcoin has gone from mere cents to over 14,000 USD. Many investors want to know why the value of Bitcoin has increased so much.