Is Bitcoin A good assets for Investment? Bitcoin is a decentralized digital currency that was created by Satoshi Nakamoto in 2009 having price of 1 cent. Of course we all know and recognized that bitcoin was the first major step towards decentralized finance and blockchain technology. Bitcoin is one of the most important technological innovations in recent memory. It's also insane to think that the first major cryptocurrency ever created back in 2009 is still more popular than any of its contemporaries in the crypto realm.
Bitcoin is ranked number 1 that's no surprise and the current bitcoin price is 40000 dollars, the overall market cap of 793 billion dollars and the trading volume in the last 24 hours is about 88 billion dollars. The one year growth is about forty thousand dollars per bitcoin. One year ago went up to about $63k and back in April 2021 dropped all the way back down at the middle of the year. Then again went all the way back up to a new high of about 68000 dollars per coin in November. This story tells us that in short term bitcoin may fall but in long run this is a profitable digital asset.
The only network that's sincerely close to surpassing bitcoin is Ethereum and right now it's clear that this value isn't restricted to scarcity or rarity. When people think of cryptocurrency they usually think of bitcoin first. This is the project that set the crypto space in motion and to have that mark of pioneering an entire space worth over 1 trillion dollars is a true testament and reasonable explanation for its ridiculous value.
Now the institutional investors are only just starting to click with this movement towards decentralized finance and blockchain technology. Now we should expect more and more investors allocating larger and larger sums of their massive pools of wealth towards the crypto space. When that money does pour in it definitely will benefit the price of bitcoin.
It is definitely difficult to truly innovate bitcoin at this point in time and it's also become very apparent that bitcoin's contemporaries have so much more to offer but the one thing that these projects can never take away. Bitcoin itself is paved the way for these other projects and networks in the first place and that sounds a little cheesy but bitcoin basically walked so that these other cryptos couldn't run this groundbreaking digital currency has been surpassing expectations and surprising the entire world for the past decade.
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