Fidelity's blue chip brokerage house has allowed its customers to create their own Bitcoin account, which further accelerates the Bitcoin bull operation. Digital currency prices hit $ 4000 mark this week after anointing by mainstream currencies as a new asset class.
Other Bitcoin Projection
Other players and industry experts predict a brighter future for Bitcoin. According to an analyst from Standpoint Research, the price of virtual currency could reach $ 5,000 by 2018.
This reddish prediction of Bitcoin creates the question of whether ordinary investors should invest some of their savings, or even their retirement accounts, into crypto.
Why invest or not invest in Bitcoin
To help ordinary investors in determining whether they will invest their hard-earned money into digital currency, here are three reasons to invest or not to invest in crypto.
Three reasons to invest in Bitcoin
It gained mainstream credibility because industry actors consider it a new gold - Bitcoin has many of the same gold qualities, whose value is not controlled by the government.
Many investors and financial industry experts are very serious about Bitcoin promises - A large number of mainstream investors and entrepreneurs have considered Bitcoin and other cryptography as legitimate asset classes.
There are only a few Bitcoins - There are only 21 million Bitcoin tokens to be mined and no new tokens will appear until after 2040. This makes Bitcoin a deflationary currency whose value rises naturally over time.
Three reasons not to invest in Bitcoin
Bitcoin exists only on computers - Cryptocurrencies such as Bitcoin are just a piece of code on the Internet and therefore are intangible. Then again, the money in your bank account also exists only as a number on the computer.
Bitcoin is so unstable - In these ten years already, Bitcoin has been vulnerable to major bubbles and painful accidents.
Many Bitcoin users are shadowy figures - While it is widely believed that Bitcoin can replace money in the future, digital currencies are also known to buy drugs and pay for extortion fees on the Internet.
Be careful with caution
Those who want to ride should remember to invest in the long run, and never invest more than they could lose. Currently, cryptocurrency continues to climb and there seems to be no way to lose. Such thinking is very dangerous and potential investors should be careful, whatever they choose.
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