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is bitcoin a good investment 2021

is bitcoin a good investment 2021

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Best answer

MicroStrategy put a $250 million bet on bitcoin last year. Demand drives prices,which means that institutional investor interest in bitcoin should continue lifting the cryptocurrency鈥檚 price. If the 2020 trends continue,bitcoin could still be a good investment in 2021. Article continues below advertisement.

People also ask

  • Is it safe to invest in Bitcoin?

  • 鈥楾he parabolic move in Bitcoin in such a short-time period, I would say for any security, is highly abnormal.鈥?Evaluate your risk appetite: is Bitcoin a safe investment? In the traditional financial markets, from stocks to forex to commodities, there is no such thing as a safe investment. Every investment comes with a risk of losing money.

  • Is bitcoin a venture capital-backed asset?

  • Bitcoin is the world鈥檚 most popular and valued digital currency in terms of market capitalization, which appeals to a wide range of investors. Since it has gained more acceptability as an alternative asset in the financial world today, companies and institutions see it as a venture capital-backed asset.

  • What is the value of bitcoin?

  • The BTC price hit a record high of $41,941 on Friday, January 8, bringing its market cap to more than $770bn (562bn, 鈧?32bn) and boosting the value of the entire crypto market to over $1tr. The coin has since had a wild ride, trading at $36,000 at the time of writing, January 12.

  • Will bitcoin survive the crypto market crash?

  • On January 11, Cuban tweeted that the current situation in the crypto market also reminds him of the dotcom bubble, adding that Bitcoin could be among those who survive the potential crash. Thus, before adding the cryptocurrency to your portfolio, do not forget to consider Bitcoin investment risk.