3 Reasons Bitcoin Is a Must-Buy for Long-Term Investors
Bitcoin: (CRYPTO: BTC) has had a phenomenal year, winning over investors from individuals to institutions and even the incoming president.The top crypto is up 122% in 2024 (as of December 30) as it once again crushes the performance of the stock market.
As we set our goals for 2025 and beyond, you’re probably wondering if you’re adding to that digital asset Smart for your portfolio, especially since it’s down 12% from its peak in mid-December.I think it’s worth staying bullish.
Here are three reasons Bitcoin: a must buy for long term investors.
It is very hard to argue against the view that Bitcoin has now become a legitimate financial asset.This is the first factor that should make investors buy it.
At the time of this writing, the cryptocurrency has a market cap of $1.9 trillion, a far cry from its beginnings in 2009 when it was seen as a silly form of internet money that only caught the attention of cypherpunks interested in prioritizing privacy and challenging Its current value rivals some of the world’s dominant technology companies.
The Securities and Exchange Commission approved in January 2024 bitcoin exchange traded funds (ETF) for the first time. This created a convenient, liquid, and regulatory-compliant method for larger-cap funds to start buying in. And it essentially gave crypto recognition from Washington policymakers and Wall Street asset managers.
President-elect Donald Trump has also publicly expressed his support. He was a keynote speaker at a Bitcoin conference in Nashville, Tennessee in July. During his speech, he said he would like to create an A strategic Bitcoin reserve in the USA
The digital signal has reached a point where it can no longer be ignored. It has bounced back from major declines only to become stronger than before. And it doesn’t seem to be going anywhere.
Another reason Bitcoin makes sense as a long-term investor portfolio addition is that it is digital in nature. At a high level, it is simply a massively decentralized database and communication protocol. Being digital means it crosses borders. It is portable, divisible and transferable, especially when compared to physical gold.
Over the past two decades, the world has become increasingly digital.The growth of the Internet, smartphones, and various applications is a trend that is too hard to ignore and has shaped our economy.
As we look to the future, it is almost impossible to believe that the world will not continue on this path, becoming more digital, technological and data-driven.This is especially true if you think artificial intelligence (AI) will play a greater role in our lives.
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