Bitcoin is the largest currency in the digital currency market. The price of Bitcoin controls the entire crypto market. If it rises, the market rises, and if it falls, the market falls with it. Therefore, this is the most important, largest, and largest cryptocurrency ever.
What a to Bitcoin may not apply to other currencies. Therefore, Bitcoin is suitable for very long-term investment. It is considered almost the best profitable investment asset for investors currently. Anyone who bought Bitcoin before 2017 was able to obtain it for less than $1,000. Today, after falling by more than 50%, the price of Bitcoin is $30,000. There were those who were able to buy the currency in 2010 and 2011 for less than $1. This means awesome gains if this person keeps it even today. If he is able to sell it in 2021, this means much more gains.
From this we know that Bitcoin is very suitable for long-term investment. This is because of its ability to protect wealth from inflation and its harmful effects. With BlackRock entering the Bitcoin investment game, we never believe that Bitcoin's position will change in the long term. So far, at least until 2030, Bitcoin is considered the most popular and undisputedly powerful investment. Even gold cannot compete with Bitcoin in terms of returns.
But of course, these returns come with a lot of anxiety, fear, and confusion. Bitcoin is notoriously volatile. It is normal for the price of Bitcoin to increase or decrease 10% within one day. Although this has recently become a very rare occurrence, it still happens occasionally.