Digital currency is the future. It is said by various experts who understand how digital currency work. When we talk about digital currency or cryptocurrency, the first name that came to mind is Bitcoin.
During the last year, various businesses get affected due to the world lockdown and coronavirus. There was not a single business type that was not affected by the pandemic. The economy of the world also goes down. But that was not true for Bitcoin.
Bitcoin was the only financial asset that rises during this period. From October 2020, it reaches a new level every month and its value is still rising.
Read this: Why bitcoin is the best medium of exchange?
Bitcoin was down at the end of 2019 but it started recovering from March 2020. In the last month, December 2020, Bitcoin hit 20,000$, and on February 17th, 2021, it hits the 50,000$ which is a huge value boost for those who invested in Bitcoin.
Now, according to various experts from around the world, if Bitcoin continues this rise throughout the year, it can hit the 100K$ at the end of the year 2021.
Should We Invest in Bitcoin?
Now, many small-scale investors believe that it is too late to invest in Bitcoin because of its high value. Moreover, some speculations are there that Bitcoin has reached its highest point and from here it will face a decline in value.
But, it is not the first time that we are getting these rumors about the decline in the value of Bitcoin. It happened in the past years as well but then we witnessed a huge increase in the financial value of this cryptocurrency.
So, don’t be afraid about any decline. Though there might be some downward trend in the value eventually it will increase to the next level.
About its high value, you don’t need to invest a huge amount of money as many believe after knowing its value. You can invest as low as 1$ from various platforms. Here we will not refer you to any platform to use for investment. You have to search it for yourself and get the opinions from the experts.
But, we suggest that you should invest a small amount that you can afford to lose as well. You can learn the procedure and you will also study how Bitcoin behaves throughout the year.
In a long term, your small investment in Bitcoin will give you a huge return on investment for sure.
What you can do with Bitcoin?
Now the question is, what you can do with bitcoin?
Almost every big company accepts payments in the form of Bitcoin. Whether you need to buy physical goods, digital services or you need to buy any soft products like hosting space or domain names, you can use Bitcoin for this purpose.
You can even buy virtual visa gift cards with Bitcoin. It would be a good idea to buy Visa gift card with Bitcoin as these visa cards can be used online for various types of shopping.
You can use Bitcoin or you can use the virtual visa gift cards that you bought with the Bitcoin to shop on various online shopping platforms. Almost every country is supporting Bitcoin now.
There are only a few countries like Pakistan and a few others where Bitcoin is still not legalized by their government. But that would not be a problem as almost all the European countries, American states, Russia, China, India, and other parts of the world allow you to use bitcoin as a legit currency.
My name is Rashid Nawaz. I have completed my degree in Mass Communication from South Asia University, Lahore, Pakistan. I have started my career as a News reporter and editor from the local Newspaper and now I am writing for different News websites, The Daily News Times is one of those great sites.
