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Bitcoin as a long-term investment | Cryptocurrency as an investment.
Bitcoin, as the most widely known cryptocurrency, benefits from the network effect — more people want to own Bitcoin because Bitcoin is owned by the most people. Bitcoin is currently viewed by many investors as “digital gold,” but it could also be used as a digital form of cash.
Investors in Bitcoin believe the cryptocurrency will gain value over the long term because the supply is fixed, unlike the supplies of fiat currencies such as the U.S. dollar or the Japanese yen. The supply of Bitcoin is capped at just under 21 million coins, while central-bank-controlled currencies can be printed at the will of politicians. Many investors expect Bitcoin to gain value as fiat currencies depreciate.
Those who are bullish about Bitcoin being extensively used as digital cash believe that, over the long term, Bitcoin has the potential to become the first truly global currency.
Despite the inherent risks, cryptocurrencies and the blockchain industry are consistently growing stronger. Much-needed financial infrastructure is being built, and investors are increasingly able to access institutional-grade custody services. Professional and individual investors are gradually receiving the tools they need to manage and safeguard their crypto assets.
Crypto futures markets are being established, and many companies are gaining direct exposure to the cryptocurrency sector. Financial giants such as Square (NYSE:SQ) and PayPal (NASDAQ:PYPL) are making it easier to buy and sell cryptocurrency on their popular platforms, while other companies, including Square, have collectively invested hundreds of millions of dollars in Bitcoin and other digital assets. Tesla (NASDAQ:TSLA) purchased $1.5 billion worth of Bitcoin in early 2021.
While other factors still impact the riskiness of cryptocurrency, the increasing pace of adoption is a sign of an industry maturing. Individual investors and companies alike are seeking to gain direct exposure to cryptocurrency, considering it safe enough for investing large sums of money.
However, this is not a financial advice so there’s no recommendation here. Please consult your advisor before investing.
Timestamp:
00:00 DISCLAIMER
00:58 Intro
01:16 Why was Bitcoin Invented?
02:10 Mixed opinions
02:37 Bitcoin Disadvantage 1: No Intrinsic value
02:52 Bitcoin Disadvantage 2: Too Volatile
03:32 Bitcoin Disadvantage 3: Too many bitcoins
03:48 Bitcoin Disadvantage 4: Unregulated
04:26 Bitcoin Advantage 1: Already used as money
05:09 Bitcoin Advantage 2: We Set the Price
06:01 Bitcoin Advantage 3: Network Effect
07:15 Bitcoin Investment strategy
08:41 Coinswitch Kuber
09:17 Outro
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