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Is It Worth Investing In Bitcoin In 2021?

Investing In Bitcoin

May 27th, 2021   |   Updated on August 18th, 2021

Bitcoin can undoubtedly be one of the most profitable investments for any individual. The fact that this cryptocurrency is available to any person on the planet makes it very attractive.

Not only that, but its massive value can change your value overnight and maybe even turn you into a millionaire. After all, reports state that there may be as many as 100,000 Bitcoin millionaires in the world.

2021 has been a pretty interesting year for Bitcoin as this cryptocurrency has had a few ups and downs. Back in April, it reached its peak value after it recorded a value of $63,000. After that, its value dropped down and many people are not questioning whether it is worth investing in it.

That is exactly the topic that we wanted to discuss. We are going to take a look at Bitcoin’s current state and the end-year projections and use the information to conclude whether you should think of investing in Bitcoin or not. Let’s start.

The Current State

At the moment, Bitcoin is valued at around $40,000, which makes it ideal for many people as the price is at the lowest point in the past couple of months. Many traders are convinced that Bitcoin will rise more and that they will be able to make a profit off it.

More so, they have trading sites that provide them with additional services that can help traders maximize their profits. Some of the most reputable trading platforms use AI systems that are able to predict Bitcoin’s future fluctuations.

These results are shared with traders as they gain knowledge on when it’s the best time to sell them.

One of those sites is the Crypto Engine website. To gain access to the services at this trading platform, traders just need to register.

The process is fast and very simple. All they have to do is fill out a basic online application form. After they do that, they will most likely be

Projections For The End of The Year

The pretty low current price for Bitcoins is not just one of the indicators that motivate traders to invest in Bitcoin. The second one is the projections by experts. They believe that Bitcoin has the potential to rise as high as $100,000 by the end of 2021.

One of the factors that influenced their decisions is halving events. If we take a trip down memory lane and revisit all previous halving events, you will see that the one thing that all of them have in common is the fact that a year and a half after they end, Bitcoin reaches its peak price.

The last event of this type was in May 2020. So, going with that logic, it is expected that Bitcoin will rise in the fourth quarter of 2021, with November being one of the most highly anticipated months for this achievement.

Conclusion

As you can see, the recent drop in the value of this cryptocurrency should not demotivate you. After all, Bitcoin is the cheapest in a while and indicators suggest that it will rise again soon and reach a historic value.

What’s even better is that even if you don’t decide to trade with Bitcoin and make a profit, you can use it as a payment method. Instant transactions, no fees, and fantastic security are some of the biggest advantages that it has over regular payment methods.

Not only that, but many of the world’s most reputable brands accept it as a payment method. The list includes the likes of Expedia, Microsoft, Wikipedia, Starbucks, Overstock, Home Depot, Whole Foods, and many more.