Wildly, many people frequently wonder if they should invest in Bitcoin or not while the market is plummeting and many are losing money. It is quite understandable because every investment will undoubtedly involve some risks that not everyone can bear.

The reality about Bitcoin is that now is one of the finest moments to invest in. However, in addition to the fact that the market is providing possibilities for individuals to purchase the asset due to the current situation, numerous industry experts claim that Bitcoin has not even reached its pinnacle yet.

A programmer or group of programmers introduced the first cryptocurrency, Bitcoin, under the alias "Satoshi Nakamoto" in late 2008. Unfortunately, the digital asset didn't garner much public acceptance or trust during this time. Sadly, the majority of them are beginning to regret their decisions. Why? Simply because they believe they lost out on a once-in-a-lifetime opportunity.

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Fortunately, there are still a lot of prices for Bitcoin to hit in the near future, so it's never too late to invest. However, to dispel any confusion, this article will look at why you should embrace the most popular digital asset, while also giving a few bitcoin price prediction.

It is crucial to remember that Bitcoin is incredibly unpredictable, so if you're prepared to take a chance, make sure you know what you're investing in, bitcoin price prediction,  and have at least a basic crypto acquisition strategy. By investing in Bitcoin, it is feasible to become obscenely wealthy, but you also run the risk of losing everything. Investing in cryptocurrencies is generally risky, but it has the potential to be very lucrative. By understanding how it operates, you may at least lessen the likelihood of losing money. Remember that even most experienced people occasionally lose money.

Other major cryptocurrencies also shared most of the characteristics of Bitcoin. Alternative coins (altcoins) refer to all coins other than bitcoin. According to data, there are presently more than 20,000 alternative coins available in the market. Some of them are;

1. Ethereum

2. Tron

3. Dogecoin

4. Binance coin

5. Polygon Matic, and so on.

Four reasons why you should invest in Bitcoin

Cryptocurrencies, such as bitcoin, are digital assets that function similarly to conventional money but with distinct distinctions. For example, they use P2P settlement techniques, free from the banks' transaction fees. The coins also do not exist in tangible form. The core reasons why you should join other bitcoin investors are the following.

Bitcoin has already gained global adoption.

Bitcoin is already widely regarded as the future currency, bitcoin price prediction, with millions of users worldwide in 2022. In 2021, 108 million people possessed Bitcoin, according to estimates from exploding topics. Similar to this, according to a statista.com graph, there are currently about 83 million wallet addresses, and some estimates suggest there are 400,000 daily bitcoin users and 53 million traders. Millions of individuals now possess Bitcoin, which is being adopted at a rate that is higher than that of the internet in 1998.

These estimations reveal that the world is moving towards the actual adoption of BTC as either a store of value or a trading asset. Importantly, El Salvador adopted Bitcoin as a legal tender in 2021, and the country's president continues to purchase the asset at every potential point. Additionally, the nation has BTC in its treasury, making it the first and only nation to do so. Since then, El Salvador's president Nayib Bukele has not concealed his acquisitions, and as of the beginning of 2022, the nation possessed 1,800 bitcoin.

As a result, the fact that many such individuals use it and even an entire nation has recognized it as a legal tender indicates that Bitcoin is here to stay and might be a sound investment.

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Bitcoin is still in its nascent stage.

Cryptocurrency, including Bitcoin, is relatively new, as new coins are constantly introduced into space. Unpredictable price and volatility changes brought on by this novelty may present opportunities for enormous gains. Similar to how to further initiatives like metaverse, NFTs, and various decentralized finance systems can be constructed on the blockchain technology on which these coins are based.

Major corporations like Facebook and Microsoft are also actively investigating the metaverse due to the numerous prospects the Metaverse presents.

Low supply

A commodity with a limited quantity is bound to have a high value. The total supply of bitcoin is just 21 million, and nothing more can be created in the future while being generated at a predictable rate. Thus, this certifies that there won't be an excess supply that would eventually impact or even crash its price. As of right now, there are more than 19 million in use.

You don't need reliable third parties because the network is distributed globally across thousands of nodes (computers) and millions of users. Furthermore, anyone can contribute to the development of Bitcoin because it is open-source and transparent, including creating multiple Bitcoin software clients.

Inflation resistance

Bitcoin is invulnerable to inflation, unlike other world currencies that their governments control. In addition, the blockchain system is limitless; therefore, you don't need to be concerned about your bitcoins giving up their value.

Recently, inflation has been more of an enduring than a passing occurrence. Economic markets are witnessing a gradual increment in inflation tariffs globally, mainly inspired by the international reaction to the pandemic.

One may argue that Bitcoin is a more "inflation-resistant" asset. Since it is the fastest and most well-known cryptocurrency, the world frequently regards Bitcoin as a safe inflation hedge. We might even think it of as an excellent hedge to gold.

Closing thoughts

One of the best commodities you can invest in today is bitcoin. Although it is unlikely to overthrow significant centralized currencies, since its launch in 2009, it has altered the monetary sector. Moreover, its machinery has empowered robust advancements in decentralized finance (Defi) and aids unbanked purchasers in distant, low-income areas.