We need to keep researching a bit more about Bitcoin, from my point of view it seems really nice to invest in BTC in the long term, I simply believe that if the price of BTC goes up 40% every year, in 2030 the price of each BTC can be more than 1M dollars and that is really nice.
Many of you are wondering why BTC is the most traded asset, although it is the first cryptocurrency that was created in the world there are other reasons, these reasons can be several, I think that the market capitalization has to do a lot with the price of this asset, I can also mention that experts in this cryptocurrency assure that cryptocurrencies are a bubble that do not stop growing and someday they can explode.
There are many big investors who are holders of a large amount of BTC and that is really great, I think that most of the users should understand important aspects about BTC and the tokenomics of this cryptocurrency.
There are large investors of which we can call "Crypto Whales" basically these people are holders of a large amount of BTC and can manipulate the price of this asset, it is important and I find it a very interesting topic to read and continue learning, another thing I would like to comment is that every time companies are betting more on this type of crypto assets and that is really great.
In the country El Salvador the BTC is national currency and almost everything is paid with BTC, I believe that people pay for breakfast and many other things more BTC and that is interesting because if we consider that the BTC is a decentralized cryptocurrency and all the technology is similar, we can mention that it is very difficult for the BTC to stop being in circulation, remember that cryptocurrencies are not backed by any central bank or financial institution, users and investors of cryptocurrencies are the ones who keep the cryptocurrencies standing.
Currently there are many users who work and live from cryptocurrencies, being BTC the most traded and most famous cryptocurrency worldwide, I have previously commented that it is possible that many investors decide to diversify their portfolio by buying BTC and retaining in the long term, it is true that many experts talk about the price of BTC in 2030 and say that it will touch a price similar to 1M dollars and that is crazy.
From my point of view, what can happen with BTC is simply great, we are going at a very fast pace and that we have to take into account, I think it is important to decide whether to sell our BTC or if we can find a profitable investment in the short term, although I always prefer to invest in the long term, crypto investments have a high risk due to its volatility and that is what sounds interesting but at the same time risky.
Financial Disclaimer: I would like to remind you that everything in this post is for educational and entertainment purposes only, I recommend you to do your own research and make your own decisions before investing.
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