Bitcoin (BTC) has the possibility of making you filthy rich. Yes, that’s true. Just look at its return on investment (ROI) for the last 5-years. The astronomical increase in Bitcoin price, high volume, and high volatility have made BTC trading popular.
Bitcoin’s market price was US$921.35 in January 2021, which touched an all-time high (ATH) at US$64,863.10 on April 14, 2021. Currently (August 23, 2021), the price of Bitcoin has again reclaimed US$50,000 after hovering in the US$30,000-US$40,000 range for over 3-months.
This means BTC price increased by:
The price of Bitcoin in May or August 2017 was hovering around US$550. In that case, the price has increased by:
If you invested US$1,000, 5-years back (during May-August 2016) then your investment would have increased to US$1,00,000 by now (August 23, 2021).
It can be seen that Bitcoin, since it was created by Satoshi Nakamoto, has had a tremendous growth rate in the past. BTC’s market cap is currently hovering around US$1-trillion. If this rate of growth continues in the coming 5-to-10-years, then Bitcoin price reaching anywhere from US$500,000 to US$1-million per BTC is not unnatural.
Cathie Wood, CEO of ARK Invest, had said at Barron's virtual conference in November 2020 that Bitcoin price has the potential of rising to US$500,000. She reiterated her position again in May 2021. Woods believes that more investment from institutional investors will push the price to this level.
She went on to compare the ascent of Bitcoin and the crypto market with “the early days of institutions moving into real estate and emerging markets”. ARK Invest’s CEO pointed out that at the time of investing in real estate and emerging markets, the institutional investors started by investing just ½% of their total investible funds. As the real estate and emerging markets started rising, they started to increase their funds’ exposure from ½% to 1% and then to 5%.
With the US FED deciding to keep the interest rates low in the foreseeable future, BTC prices will keep rising. This is mainly because the hedge funds, corporates, and other institutional investors will keep on taking interest in cryptocurrencies. She estimates that a 5% allocation of their fund will help the price of Bitcoin BTC to increase “to somewhere in the $400,000 to $500,000 range.”
ARK Invest’s CEO, Cathie Woods, has pointed out that countries such as China and the United States are in the process of creating and testing their own CBDCs (central bank distributed currencies). She believes that the rise of CBDCs will help in legitimizing cryptocurrencies across the world. According to her, these CBDCs have a bullish effect on Bitcoin and other crypto currencies.
You should take Cathie’s prediction of Bitcoin price’s rise to US$500,000 seriously because her previous prediction about Tesla (TSLA) was absolutely bang on target.
In 2018, she predicted that Tesla’s stock price would increase by over 1,000% to US$800. At the time of her prediction, the price of each TSLA stock was hovering around US$65. In January 2021, Tesla stock’s price touched the US$800 target. It took the stock just 3 years to reach this target price. In 2018, when Wood made the prediction, it seemed outlandish. However, now her prediction seems prophetic. This is the reason why you should take her predictions seriously.
Tyler Winklevoss calls Bitcoin as Gold 2.0, the advanced digital gold. He says:
“Bitcoin is gold 2.0. Gold has a market capitalization of 10 trillion US dollars, while the market capitalization of Bitcoin is around one trillion US dollars. Therefore, we believe that the value of Bitcoin will increase tenfold. Even at an entry price of 35,000 US dollars, bitcoin is a good investment in the long term.”
Bitcoin Billionaires Winklevoss Twins says that the secret to increasing your wealth is “HODLing” Bitcoin for a long period of time. Tyler went on to say:
“Everyone wishes they had bought more earlier. One day we will look back and wish we had invested at US$35,000. Bitcoin should reach US$500,000 before the end of this decade. Until then, we are Hodler.”
Raoul Pal, a former hedge fund manager of Goldman Sachs, economist, and investment strategist, believes that the price of each Bitcoin will increase to US$1 million by 2025. He reasoned that such an astronomical increase in BTC price will take place mainly because “an enormous wall of money” will be invested by the institutional investors by 2025.
During an interview with Stansberry Research’s host Daniela Cambone on October 7, 2020, Raoul Pal said:
“Just from what I know from all of the institutions, all of the people I speak to, there is an enormous wall of money coming into this… It's an enormous wall of money — just the pipes aren't there to allow people to do it yet, and that's coming. But it's on everybody's radar screen, and there's a lot of smart people working on it.”
It is interesting to note that Raoul Pal himself holds around 50% of his investments in Bitcoin.
Jesse Powell, CEO of Kraken cryptocurrency exchange, is highly bullish on Bitcoin (BTC). During a Bloomberg Television interview, he said that the price of each Bitcoin will reach US$1-million) or even more in the next decade. He said:
“We can only speculate, but when you measure it in terms of dollars, you have to think it’s going to infinity… The true believers will tell you that it’s going all the way to the moon, to Mars and eventually, will be the world’s currency.”
Powell also compared Bitcoin with US Dollar and said:
“The US dollar “is only 50 years old and it’s already showing extreme signs of weakness, and I think people will start measuring the price of things in terms of Bitcoin.”
He signs off by advising:
“If you are buying into Bitcoin out of speculation, you should be committed to holding for five years...You have to have strong convictions to hold.”
If you are ready to invest in stocks and cryptos or buy Bitcoins through online brokerage accounts of centralized or decentralized cryptocurrency exchanges, you can do so in a legit way by investing through stock investing and cryptocurrency apps. You have to open an account with such an exchange or online broker (including trading apps and invest apps such as TD Ameritrade). Then verify your details (including basic personal information) and fund your stock or cryptocurrency trading account.
The best thing about Bitcoin and other cryptocurrencies is that the transactions are done without the involvement of banking entities. This is one of the reasons why more and more investors (including corporates, venture capitals, and institutional investors) are heavily investing in cryptos.
You can start depositing funds to your stock or crypto exchange account to buy company shares or cryptocurrencies. This can be done by simply connecting your online banking account (savings accounts, checking accounts, or other account types). Besides transferring fiat currency money online through bank transfer, you can make payments with credit cards, debit cards, etc.
If you need further assistance, you may consider taking help from the vibrant and helpful trading communities. You can trade cryptos with credit cards (business credit cards, personal ones, or citi custom cash cards), debit cards, or other payment options through reliable crypto trading web platforms.
You can also check the savings calculator to know how much you should save on a weekly, monthly, or yearly basis. Check the financial news to know more about the prospects of various assets so that you can build long term wealth.
In case you are bullish on the future prospects of gold, stock and ETF trading, Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, Ethereum Classic ETC, Bitcoin SV, Wrap Bitcoin, and other altcoins, you can start investing in stocks, gold, Bitcoin, and other altcoins with USD. Once bought, transfer them to:
Hold them for a longer time period to let the Bitcoin BTC price increase. Keep your cryptocurrencies safe with:
Crypto investing will provide you a higher return in the long run. The ROI from crypto investment is much more than investing in:
In fact, many retirement funds or IRA accounts such as Roth IRAs are allowing digital currency investors to purchase XRP, Bitcoin, Chainlink, and other digital assets. These retirement funds are increasing investor choice by allowing them to invest a small percentage of their money in cryptocurrencies. This is, in turn, increasing the prospects of these funds to provide their investors to get higher returns. If you are thinking about building wealth, you should include cryptos in your portfolio like other crypto investors.
Therefore, it can be concluded that holding Bitcoin Ethereum and other cryptos can help you to build real wealth and multiply your net worth. You can learn investing basics to buy crypto currency and other digital assets to make more gains. Start going through Wall Street Journal and other investing magazines on cryptos to learn more about investing in cryptocurrencies and make better financial decisions. Learn about valuation calculation to true bitcoin value and assess the overpriced or underpriced situations instantly.
As a beginners guide, you may also check out the trading basics provided by various cryptocurrency exchanges such as Coinbase, Binance, Kraken, and other crypto APIs. There are many brokers suitable for beginners as well. So, read reviews of customers before joining a crypto exchange. There are many brokers for beginners in the USA through which you can trade and invest extra cash and investible fund in fractional shares and stocks funds.
You should definitely learn about:
Defi tokens and NFTs (Non Fungible Tokens) are the next generations of crypto coins. These decentralized coins have started to become very popular among active traders who trade cryptocurrency. You can buy and sell them through cryptocurrency trading platforms too.
Whether you buy Ethereum ETH or buy Dogecoin, you should also invest in:
To diversify your portfolio, you may also buy stocks through stock brokers for beginners and pro.
Get better guidance on improving your personal finance, retirement planning, management of cash flows or capital gains, and investment ideas from financial advisors, investment managers, and wealth managers, especially the ones who are not averse to cryptocurrencies such as Bitcoin and others.
While day trading, you should always try to invest only that much money which you can afford to lose. When you do margin trading, be very careful. Financial protection must be there in your mind always while you make cryptocurrency trades. That’s why having a secure financial plan is so important.
Invest money in stocks, gold, and other cryptocurrencies through centralized or decentralized exchanges and reliable online brokers.
Trading Robots (such as NapBots.com) automatically scans the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.
Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.
NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.
The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.
You may also check “Napbots Review - Simple Way To Increase Your Crypto Returns” before taking the plunge.
NapBots crypto trading software is special because it comes with:
NapBots is easy to start with. It involves just 3 steps:
Step #1: Connect to one of the available trust exchanges.
Step #2: Select from the unique list of performing Bots of NapBots
Step #3: Choose a plan that suits your investment style
Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!