Five reasons why experts say it's not too late to buy Bitcoin

in #money4 years ago

At the end of 2017, Bitcoin and the cryptocurrency market stole the title in the global commercial scene. The price of BTC reached a historical high (ATH) in mid-December 2017, which caused a great race in the market. However, the sentiment seems to have decreased significantly with the price of BTC losing more than 60 percent since the beginning of 2018.

5 reasons to invest in Bitcoins

Some critics say that the crypto-honeymoon is over. However, anyone who is familiar with the market knows what goes through the cycles of bears and bulls. The following are five reasons given by experts to support the idea that it is not too late to invest in the market.

1- We are in a bear market

Almost all smart investors will say that bear markets present a golden opportunity to buy assets at a much lower price in preparation for the next price hike. Bitcoin is, for all intents and purposes, the bear market par excellence of 2018.

BTC is currently trading at the US $ 7,380, which is still well below its 2018 peak of US $ 17,500 at the beginning of January. Bitcoin has decreased by more than 70 percent on more than one occasion, after which the best-ranked cryptocurrency always returned to establish a new ATH. According to the CEO of Blockchain Developers, Dean Anastos, there is a good chance that Bitcoin will experience another price push that will make it reach a new ATH.

2- The regulations are imminent

The slow pace of development on the regulatory front has been identified as a reason for the cryptocurrency bear market in 2018. The year started with negative policies in India, South Korea, and the United States' concern.

However, since the middle of the second quarter of 2018, there has been a notable weakening of some of these negative policies. South Korea is considering legitimizing ICOs once again, and Malta has taken great strides to establish itself as a country friendly to cryptography. Commenting on the positive regulatory news so far, the founder and CEO of Mentum, Kevin Barry, said:

"The announcement by the SEC that cryptocurrencies such as Bitcoin are not securities is a welcome development and will allow significant additional investments. People and businesses can now buy cryptocurrencies knowing they are not buying a security. "

3- Inflow of institutional investors

One of the direct consequences of clearer regulations is the influx of institutional investors into the cryptocurrency market. Encryption firms such as Coinbase and Gemini have been creating useful products for large investors. This year, more custody tools for these new crypto actives have also appeared.

According to Patrick Gray, the CEO of HashChain Technology:

"The major corporations and financial institutions have been investing heavily in cryptocurrencies. These are important steps taken by some of the most influential companies in the world and a testimony of how favorable general public opinion is. "

4- Uncertainties and risks in traditional asset classes

The trade war between the United States and China continues to accumulate steam, leaving many markets in limbo. In the European Union, Brexit is still to be finalized. Ray Youssef, CEO of Paxful thinks that:

"With the continued tightening of interest rates in the United States, it is safe to push down the gold and traditional assets of safe haven. Crypto could be the only non-traditional investment that performs well in 2018/2019. "

5- Viable means of diversifying the portfolio

If traditional assets are increasingly risky to invest, now more than ever is the time to consider diversifying the portfolio. Cryptocurrencies are a viable alternative investment class. Also, they are not tied to the conventional market.

According to Anastos:

"Cryptocurrencies help diversify asset classes, which has been influential for countries that have suffered hyperinflation such as Venezuela and Zimbabwe."

Many experts believe that crypto adoption will continue to rise, driving prices up exponentially as tokens gain more utility. Commenting on this potential, Gray said:

"The adoption of cryptocurrencies is currently 0.2 percent and has doubled by 100 percent a year. At this rate, the potential and the opportunity over the next ten years are enormous. Despite some slowdowns, that kind of growth potential and growth rate should not be overlooked. "


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