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The rise of Bitcoin, the world’s most popular and valued cryptocurrency in terms of market cap, has certainly been a remarkable one. Ever since it went live in 2009, Bitcoin has recorded an astonishing rise in both growth and value. This has led to massive popularity and mainstream acceptance among individuals and organizations all over the world.
The continued rise in the value of Bitcoin has made it a unique asset class and a must-have asset in every investor’s portfolio. This has ushered in a new wave of institutional investors in the digital asset. This is despite the continued caution by some analysts and regulatory bodies on the inherent volatility of the crypto asset.
Ever since its creation, critics have continued to caution people about the high level of volatility and unpredictability of the coin. They argue Bitcoin is a bubble and a very risky investment. They warned those who buy Bitcoin risk losing all of their money. This has made lots of people wary of jumping on board the train and buying bitcoin. However, in the face of all the criticism Bitcoin has kept growing strong and marching higher.
For years, enthusiasts and sceptics have watched Bitcoin redefine volatility, with prices often changing by thousands of dollars in a short time period. Prices keep on hitting new highs, bringing about the great cryptocurrency frenzy. Certainly, the sentiments have changed, sceptics have loosened their views and more institutional investors and organizations are investing in Bitcoin. Every day, new investors are taking the leap into cryptocurrency with more and more people looking for how to buy bitcoin in India and include it in their investment portfolios.
This brings the question, is it still worth investing in bitcoin in 2021? Or is it not too late to enter into the market to see any decent returns?
Is it Worth Investing in Bitcoin in 2021?
Most people looking to invest in bitcoin think they are irretrievably late because the value of Bitcoin has risen to such a high level that it’s impossible to make any decent return from it. If you are a new investor looking to add bitcoin to your portfolio, chances are one of these questions is likely to have crossed your mind.
The short answer is — Yes, there is never going to be a better time to invest in Bitcoin than now. Plus, there is still a lot of returns to be made on your bitcoin investment in 2021. To understand this, let’s take a look at some background to Bitcoin value over the last decade.
Bitcoin as an Investment Asset
Historically, Bitcoin has made a wonderful investment option and has delivered jaw-dropping overall gains through its existence. Over the last decade, Bitcoin has been the best-performing asset for many periods, outperforming other investment options such as Gold and stocks by a large margin over the timeframe.
In only 12 years of existence, Bitcoin has gone from having no monetary value to trading for thousands of dollars and briefly hitting an all-time high of $63,000 at a certain point. Investors who bought bitcoin during its early days and have held on would have made an absolutely remarkable return by now.
For context, Bitcoin is currently trading at a little above $38,000. Though it’s a long way from its peak, it is still up 33% on the year. If you invested $1000 to buy bitcoin in India on August 2, 2011, you would have gotten 80 BTC at a price of $12.5 per coin. Today, that investment would be worth $3,040,000. That represents a remarkable ROI of 303,900%.
If we move five years forward to August 2, 2016, when bitcoin was trading at $580 per coin. $1000 would get you 1.72 BTC. This would be valued at $65,500 today, representing a 6,450% ROI. If we draw in closer, if you bought $1000 worth of bitcoin last August, it would have grown 236% over the past 12 months. This is despite the volatility and some steep market downtrends experienced over the period.
Is it Still Possible to Make a 50% Return on Bitcoin Investment in 2021?
Yes — investment in bitcoin is capable of yielding more than 50% return in the future. Analyst and hardcore crypto enthusiasts continue to be bullish about the future of the coin. They believe that the current price of Bitcoin is nowhere near its true value and will continue to grow in value and multiply in the future. Analysts are estimating that the price of Bitcoin will rise to $100,000 before year-end 2021. While some believe there is potential for Bitcoin prices to trade as high as $318,000 by the end of this year.
Cryptocurrency is still a relatively new asset class. As the market continues to stabilize, investments will continue to grow, reinforcing the long-term positive outlook of the market. Cryptocurrencies including Bitcoin, ETH, RENEC offer a great investment opportunity for people looking to make a huge return on their investment. Large corporate organizations such as Tesla, MicroStrategy, Square, PayPal, and many more have already made significant investments in Bitcoin. This combination of increased investment interest in cryptocurrency as an asset, as well as increased adaptation of crypto and blockchain technologies by companies, points to a perfect storm for prices.
Introducing RENEC – Remitano exchange native token
Leading peer-to-peer crypto exchange Remitano has launched its native token – RENEC, to improve the quality of services delivered to customers, reduce transaction fees and ensure secure and swift transactions. While RENEC is still in the development phase, Remitano has provided an amazing opportunity for old and new Remitano users in Nigeria to earn FREE RENEC.
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