Are you wondering if it’s worth it to invest in Bitcoin? Most people have heard about cryptocurrencies like Bitcoin and Ethereum but they possess little understanding of these currencies. So you’re obviously going to have a tough time formulating a solid opinion about this topic.
Today, I’d like to help educate you. You’ll no longer wonder if it’s worth investing in Bitcoin after I’m through. How do I know? I know because I understand the true value of this digital currency. Not only do I appreciate it for practical applications; it’s a great investment to generate long-term wealth.
More than anything else, I believe it’s best to buy Bitcoin within a cryptocurrency IRA. The tax advantages are incredible, but they’re only one reason among many why this is a good investment. To help you better understand the importance of owning cryptocurrency and Bitcoin IRA investing, I’ll share other big benefits below.
Keep reading to learn the reasons why Bitcoin is a worthy investment.
Top 10 Reasons to Invest in Bitcoin
- It performs differently from other markets
- It doesn’t suffer from the same inflation as Fiat currencies
- It’s a safe and secure way to store value
- Nobody can ever confiscate it.
- It is supported by world governments
- It’s the authority in the cryptocurrency space
- It’s value is on an upward trajectory
- It has numerous practical applications
- It has many big-name investors
- It’s part of a decentralized payment system
And that’s just scratching the surface. There are likely many more reasons to invest in cryptocurrency. So when someone asks, “Is it worth investing in Bitcoin,” I’m always happy to provide an affirmative reply. Because cryptocurrency is here to stay and Bitcoin is the leader of the pack.
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1. It Performs Differently from Other Markets
This is one of my favorite reasons to invest in Bitcoin and other cryptocurrencies. The stock market can suddenly drop thousands of points out of nowhere in the blink of an eye. Guess what? This sudden shortfall won’t affect Bitcoin in the least.
We’ve seen real estate bubbles, stock market crashes, mortgage crises, and a slowing world economy in the past decade. Bitcoin was born during these difficult financial situations. And this digital currency went from being valueless to being worth nearly $12,000 per coin. Talk about a meteoric rise to power!
In fact, Bitcoin was created because of the stock market crash in 2008. Investors were tired of losing their money. They wanted a safer system outside of the traditional government controlled currencies that gain and lose value on a whim.
2. It Doesn’t Suffer from the Same Inflation as Fiat Currencies
Have you ever heard of hyperinflation? This happens when inflation becomes so outrageous that your currency becomes valueless. Countries like Zimbabwe, Argentina, Sudan, and Venezuela know about hyperinflation all too well.
This may not seem like a global problem but it is. None of these currencies are backed by gold any longer. They’re backed by the “good faith” of the government they represent.
But many governments aren’t trustworthy. At times they’ll spend frivolously and print more money than they should. This creates massive inflation. It’s similar to what the US government is doing now. They’re printing big bucks to save the economy because of the coronavirus.
Bitcoin has a finite amount of coins. This means only a certain number of coins will ever be issued. The halving process automatically eliminates inflation. And it will continue to get better as Bitcoin mining decreases over time.
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3. It’s a Safe and Secure Way to Store Value
Some people look at Bitcoin like digital gold. Others believe it’s even better than gold and I tend to agree with them. This currency isn’t controlled by a single government. It isn’t overseen by any entities. And it’s a universal currency accepted around the world. It doesn’t get any better than this!
It’s a digital commodity, it doesn’t depreciate, and it’s a great way to store value and use when necessary. Most people are better off buying it as part of a Bitcoin IRA. This way you’ll get big tax benefits like tax-deferred or tax-free gains. But at the same time, you can use Bitcoin to purchase goods and services when needed. And since it isn’t controlled by a local government, it’s secure and safer than any currency in existence today.
4. It Can Never Be Confiscated
And speaking of lack of government control, Bitcoin is never going to be taken from you. Governments have no control over blockchain. Your digital wallet is safe and secure from thieving and conniving governments looking to steal your wealth.
Remember when FDR confiscated gold during the early 1930s? He claimed to have righteous intentions in mind but he was no better than a common crook or thief. And he should never have the right to take anything from the great citizens of the United States.
Guess what? If Emperor Trump or Sleepy Joe Biden decides they want all the Bitcoin for themselves, they’ll never get it. Only you control access to your digital currency with Bitcoin wallet keys. The brightest minds and best hackers can’t even hack the blockchain. That’s how safe your Bitcoin investments will be.
5. It’s Supported by World Governments
On the other hand, many world governments are beginning to adopt Bitcoin and other cryptocurrencies. This is one of the big reasons why cryptocurrency IRA investing is such a smart idea. As more and more nations adopt these currencies, they will gain greater value over the long run. This sets up a situation for hyper growth. Because the more people and governments use cryptocurrency, the more valuable it will be.
6. It’s the Authority in the Cryptocurrency Space
Although Litecoin and Ethereum are very popular, Bitcoin is still the big daddy in the cryptocurrency space. And nobody is going to take its crown because it’s a behemoth that you’d never want to tangle with.
Why is Bitcoin such an authority? It’s the first big player to hit the mainstream. Its early adoption gives it a big advantage. Plus it’s reliable, secure, trustworthy, and worth a small fortune. So you always know that your wealth is safe when investing in this highly sought after digital currency.
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7. It’s Value Is on an Upward Trajectory
Unless you’ve been living under a rock you’ve seen how valuable Bitcoin has become. The price per Bitcoin has gone from around $9000 to nearly $12,000 in the past few months. Guess what? This value will continue to rise in this difficult economy. But even more important, it will continue to gain value over the long term. The US dollar and other currencies will remain weak for many years to come.
8. It Has Numerous Practical Applications
There are plenty of practical reasons to own Bitcoin as well. Society has really taken a shine to this digital currency. That’s why it continues to gain so much value. And as more and more businesses integrate it into society, it will become easier to use for everyday purchases.
Even better, since no one has access to your purchase records, you can use Bitcoin to buy things anonymously. So if you have anything you’d like to purchase without anyone knowing it, buy Bitcoin and purchase it digitally. This will keep your privacy protected from prying eyes.
9. It Has Many Big-Name Investors
At the time of this writing, many celebrities and big-name investors are buying Bitcoin in droves. Some of the top most influential people include:
- Elon Musk
- Mike Tyson
- Floyd Mayweather
- Paris Hilton
- Ashton Kutcher
- Manny Pacquiao
- Kanye West
- Lionel Messi
- Serena Williams
- Bill Gates
- Snoop Dogg
- Cameron and Tyler Winklevoss
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10. It’s Part of a Decentralized Payment System
Best of all, Bitcoin is part of a decentralized payment system. This means that banks or third parties never get involved with your transactions. Each one of your transactions is your own. No one is monitoring your payments, paying attention to your whereabouts, or looking into your private life.
You can instantly withdraw or deposit money into your digital wallet 24/7/365. If you’d like to add more to your Bitcoin IRA, you can do this easily as well. Digital transparency and privacy remains your business and no one else’s.
Opening a Bitcoin IRA with Regal Wallet
To become an avid Bitcoin investor, I highly recommend contacting Regal Wallet. They’ll immediately begin working on your cryptocurrency IRA. Within a matter of days, you’ll fund your account, choose your cryptocurrency investments, and begin preserving and protecting your wealth.
It’s time to remove yourself from the traditional Fiat currency system. Governments can devalue their currency or confiscate your money on a whim. Protect yourself and your family by investing in a Bitcoin IRA as soon as possible. Regal Wallet is ready to help you at your earliest convenience, so sign up for their free investor’s kit today.
I have recently started investing in some crypto currencies. I don’t believe that the gains are likely to be as big as they have been previously, but I do believe it is aa good time to invest. I would recommend people read this article and others on this site. This site has some great articles. thank you.
Hello Castle! Sure, the gains in the short-term may not be as much as they were when the cryptocurrency craze just started with Bitcoin being only a few dollars, but many experts are predicting that Bitcoin and other cryptocurrencies will soar into the atmosphere in value – some are predicting Bitcoin to go into the millions. With the trend that it has taken since its inception, it is likely that it will continue to rise in value which is why I encourage my readers to invest in a cryptocurrency IRA. And remember – IRA is “individual retirement account”! Haha – thank you for the feedback and the compliments, Castle!
I’m one of those who wonder if it’s worth investing in Bitcoin. And with your help, I know a little more now. I’m not thinking seriously about investing at the moment, but I might think about it in the future, and now that I’ve read your article, I trust Bitcoin a lot more. Thanks!
Hello Nina! I’m glad that my article has given you more information on cryptocurrency so that you may even decide to invest in it in the future. I hope you make the best decisions in your investments! Thank you for the feedback, Nina!
Found this to be a very interesting article, however, I’m still not a big fan of cryptocurrency. Know too many people who have a bunch of money fooling around with it. Can also see this being easy for criminals to transfer funds easily without being flagged, which can only contribute to more crime.
What if all other currency were done away with, and the only way to buy and trade would be to have a computer chip inserted into your hand (which would contain so much more than just access to your funds, and make you a slavwe to society), would you still be all for it?
Hello Brandy! Thank you for sharing your thoughts on cryptocurrency with us. Yes, there is the possibility that criminals can use it, but I still believe it has more positive aspects than negative ones. As for your question regarding a microchip on my hand, I’m a Christian so I would never give in to the mark of the beast. I don’t think cryptocurrency is the mark of the beast which is why I am promoting getting a cryptocurrency IRA through reputable companies. The mark of the beast is a mark on your forehead or right hand in which if you don’t have you cannot buy or sell and that will be decreed by the beast which is to come prophesied in Revelations 13. I believe that it’s a different topic altogether. Cryptocurrency is a decentralized form of currency that cannot be regulated by governments so it’s not the right tool to use in controlling the masses. However, thank you so much for your feedback! I really appreciate it.
Thanks for this great article. I’ve heard lots of people talk about bitcoin and other cryptocurrencys, but I’m still unsure if it’d really worth it.
The markets fluctuate so much it’s hard to tell when something go up or down.
With that said, have you heard if ripple? If so what do you think about it? Is it worth investing in?
Hello Michael! Yes, Ripple and other cryptocurrencies are worth investing in in a cryptocurrency IRA. They have all started small but have gained massive value over the years, despite the short-term ups and downs. This is why I believe one should get a cryptocurrency IRA to invest in for the long run. Thank you for the feedback and the inquiries, Michael!
hello there awesome article you have here. the major question here is, if it is wise to invest in bitcoin and the answer to that question is yes i honestly think that bitcoin is here to eradicate poverty from the masses i mean i invested in it and it has worked for me a lot this past few months am a living witness i hope that my comment helps clear every doubt about bitcoin. thanks for sharing this with me.
Hello Joy! Thank you for sharing your own experience with investing in Bitcoin! Now, I would recommend you and others reading this to invest in a Bitcoin IRA which will allow you to invest in a tax-deferred cryptocurrency retirement account. Thank you for your feedback and the compliments, Joy!
The covid-19 pandemic has led to an unprecedented economic crisis, with the IMF calling it the worst recession
since the Great Depression. Companies are missing their earnings
estimates and many traditional investments have taken a hit across the
board. The crisis has investors scrambling to find safe haven assets,
and more people are now asking whether cryptocurrencies, such as
bitcoin, are a good investment. thank you for this review
Hello Lucas! Indeed, the pandemic has many people turning to cryptocurrencies and other alternative assets for protection in their portfolios. Precious metals and cryptocurrencies are what I would recommend for investors even more so at this time. Thank you for the feedback, Lucas!