Are you wondering are bitcoin a good investment? The simple answer to this question is yes, bitcoin has been a great investment over the past 10 years. Since it was introduced, bitcoin prices have been on a steady move up.
With the exception of a few months in late 2017, an investment in bitcoin would probably be showing some pretty nice returns at the moment.
Bitcoin prices were volatile until 2020, which is one of the reasons why many people think that bitcoin is risky. In fact, bitcoin has created huge returns for investors, as long as they are willing to hold and asset over a longer time frame.
One of the reasons why bitcoin has been so successful is the fact that it can be used globally, and there is no way to stop a person from sending or receiving bitcoin. People all over the world can use the system, and from a practical perspective, there is no gatekeeper.
By allowing anyone to use the system, all the barriers to sending and receiving value are removed. This may be one of the reasons why investors are so willing to buy bitcoin, and hold it over the long run.
While there is no way to know if bitcoin will continue to be a good investment, all the factors that have supported it so far are still in place.
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