The market cap of all cryptocurrencies will burst up to a whopping $2 trillion (from the current $150 billion) within the next 10 years.
Cryptocurrencies are trending right now everyone predicting what will be worth of cryptocurrency in the coming years. Everyone sees in 2021 bitcoin touched a high spike. And breaking his record every month. The main is the question what will be next?
Investing in Crypotocurriens has more risk. No one knows what will happen next. Bitcoin has a most volatile nature. His prices are going up and down every day. But the most interesting thing about bitcoin his worth is increasing everyday peoples are gaining interest in investing in bitcoin.
Other things are a hike in the growth bitcoin reason is companies accept as payment. Tesla in February month announces that. He has invested 1.6 billion dollars in bitcoin. And accepts bitcoin as a payment in the USA.
When peoples are starting doing transaction through bitcoin. Then his market value increase. Then it can be definitely worth investing in bitcoin.
According to the publish an article on the internet. He is a crypto analyst and famous wallet investor. He predicted that the worth of bitcoin will be cross $100,000 by 2030. This prediction based on 2020 data that the time worth of one bitcoin was $10,723.
Is It worth investing in bitcoin?
Bitcoins are too risky investment his prices go up and down every day. Bitcoin has volatile in nature. But If you plan to invest in bitcoin do proper research about performance.
Invest that time when his prices of one bitcoin are low. Behind concepts, you can buy more bitcoin at less cost. But right now the situation is that the worth of one bitcoin is 56,872 US dollar this is too much money. Or risk factor is another matter in this investment.
In my opinion it not going to worth an investment in bitcoin 2021. The reason is worth one bitcoin prices are much higher. And have lots of risks. No one knows what will happen next.
The best thing you can invest in other cryptocurrencies which have low worth perform better. Such as Bitcoin cash, Etherum these cryptocurrency performing very well right now. Or another big factor these cryptocurrency worth are low.
Can you convert bitcoin into cash?
Yes, you definitely convert your bitcoin into cash and ultimately move it to the bank account. You can sell your bitcoin cryptocurrency exchange, such as Coinbase or Kraken. This a simple process you can exchange cryptocurrency into cash.
Conisbase or Kraken are cryptocurrencys exchanger. You can also buy or sell cryptocurrency from Coinbase or Kraken. They offer lots of cryptocurrencies where you can invest.
Will Bitcoin ever die?
Bitcoin is digital gold it takes a lot’s of hard work to create. We know bitcoin unstable but It continuously growing. His market maybe touches a $7.5 trillion market cap according to the bitcoin price.
That means bitcoin has never gone die according to the prediction his market grow continuously. In the future, many countries may accept bitcoin as payment. That we can say never die its grow.
Is it smart to buy bitcoin?
Bitcoin is the best-performing asset class of 2020. But risk tolerance is very high in bitcoin his prices are going up and down every day. Or another reason cost is the very high current price of one bitcoin $56,169 US dollar this is a lot of money.
But if really want to invest in bitcoin do proper research take advice from the investor. They have a better idea about the performance of the bitcoin.
Also, think about other cryptocurrencies such as Bitcoin Cash, Litcoin reason is that they have less price compare to bitcoin. I think this will be a great deal for long term investment. Definitely prices of these cryptocurrencies hike after some time.
Who owns the most bitcoin?
According to a published article on currency Satoshi Nakamoto inventor of bitcoin. He is on the top list of cryptocurrency investor. The researcher said he has a 1.1 million Bitcoin which spread multiple wallets.
Bitcoin work as an asset for Satoshi Nakamoto 1.1 million bitcoin worth over $10 billion. This is a lot of money. Also, he is a top investor of bitcoin. And he has mosts of bitcoin.
Will Bitcoin drop again in 2021?
According to the published article in economic times around the worldwide bitcoin become a mainstream asset class. Analyst says that if this trend continues, bitcoin might hit $100k by the end of 2021.
Bitcoin market cap volume is increasing every month and he breaking the record every month. If the trend continues it will grow more and it has less chance to drop.
Final Thought
Bitcoin in 2021become a great asset for many people. Many of them become milliaries through bitcoin. Bitcoin breaking all his record in 2021 also he market cap are growing every month.
Tesla accepts bitcoin as a payment he invests 1.6 billion dollars in bitcoin in February month. That boost growth in bitcoin.
Bitcoin is volatile in nature before investing in bitcoin do certain research about data. Then invest in bitcoin. Also, a better option is that you can invest in other cryptocurrencies whose worth are less compare to bitcoin. These are all trending right now and they are growing.