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Bitcoin (BTC)
7 Reasons to Invest in Bitcoin for the Long-Term
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[QUOTE="Suba, post: 251214, member: 3658"] Even though the Bitcoin price is currently collapsing, Bitcoin has written a new history, not only as a medium of exchange but also as a promising investment instrument for the long term. As we know, the price of Bitcoin is very volatile, Many people become rich because of Bitcoin, because this is the main choice of Bitcoin for investors. Here are 6 reasons to invest in Bitcoin long term: 1. Limited Supply The max supply of Bitcoin is only 21 million BTC and a few months ago it has managed to reach a peak price (ATH) of $68k. and it is estimated that Bitcoin will be mined in 2140. Every four years there is a halving (mining results are reduced by half) it turns out that the price of Bitcoin is increasing, because the number of requests continues to grow while the supply is limited, 2. Value Retention It has been proven that Bitcoin is able to maintain its value from world economic shocks, if we trace its history, Bitcoin does not take more than four years each time it faces a big correction. Due to the retention of Bitcoin's value, investors make BTC a promising store of value in the long term. 3. Big Yield Potential The main reason investors invest in Bitcoin is to get a big return, of course it will be balanced with a big risk as well. It is proven that BTC can generate a higher level of profit compared to other investment instruments such as bonds stocks etc. 4. Hedging Against Inflation If we look back, in 2010 the price of BTC was below $1, but the current price of BTC on June 07, 2022 is $30k. in less than 12 years an increase of more than 30k times. Even if inflation occurs, 20% is still far below Bitcoin. 5. Gold Substitute In times of geopolitical uncertainty such as war etc, holding Bitcoin is much safer than owning physical gold, as it is vulnerable to looting and theft. Meanwhile, BTC investors only need to remember or record the login phrases and passwords to the crypto wallet, and can be accessed in any country that is safe to use Bitcoin, independent of country issues. Bitcoin as a substitute for gold in the digital version. Easier to carry, store and cash. 6. The US Dollar Continues to Lose Value Even though the Fed is currently raising interest rates, and the USD value seems to be getting stronger, in the long term it will be rivaled by inflation so that the USD value will decrease from time to time. 7. Deflation The amount of Btc supply is fixed, all transactions are open and visible to everyone on the Bitcoin blockchain, and it is easy to know how much supply is currently circulating and how many BTC coins have not been mined. There is a halving of the mining reward, which happens every four years, as underlying the scarcity of Btc when demand rises, supply is insufficient so prices will rise. This causes the value of BTC to be deflated, so it is really attractive to hold in the long term. [/QUOTE]
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