Chances are that one or more of your friends has invested in Bitcoin, in the hopes of potentially doubling or tripling their initial investment. If you’re curious as to why so many individuals are choosing to invest their hard earned money in Bitcoin, simply continue reading.
What’s the Bitcoin Hype All About?
Potentially acquiring so much wealth, that you’ll be able to retire early
If you don’t want to spend the majority of your life working and would love to spend the bulk of your life traveling, pursuing your passions and volunteering, you may be interested in investing a small proportion of your disposable income into Bitcoin. As so far Bitcoin has helped countless individuals around the world earn enough money to quit their day jobs.
If you invested $100 in Bitcoin in 2010, your initial investment would now be worth around 75 million dollars. Which is proof that Bitcoin can potentially help you become wealthy enough to retire early as Bitcoin has shown no signs of slowing down and is forecasted to rise in price for the next two years.
Bitcoin offers a much higher potential return on your investment than other shares
Most shares will bring in a 3-20% return on investment, while you can still expect to double any money which you invest in Bitcoin. Especially if you invest in Bitcoin during the short intervals when Bitcoin drops slightly in price.
Bitcoin will only rise in popularity in the future
In today’s day and age, not many individuals are comfortable with letting a bank charge exorbitant fees in return for less than 2% interest a year. In today’s society, individuals are also getting more concerned about their privacy and are looking for ways to store their money anonymously, without a bank or their government watching every transaction they make.
As Bitcoin is an anonymous digital currency, you can expect Bitcoin’s popularity to continue to soar in the coming months and years. Further evidence which shows that you can expect Bitcoin to go from strength to strength is that since Bitcoin was launched in 2009 a wide variety of copycat currencies have emerged on the stock market. Popular examples of which include Ethereum and Dash.
However, since Bitcoin’s debut in 2009, no new digital currency has managed to topple Bitcoin as the number one performing cryptocurrency on the stock market.
You can purchase Bitcoin tax-free
If you’re interested in purchasing Bitcoin tax-free, you may want to consider opening an IRA Bitcoin account, which will allow you to purchase Bitcoin in order to save for your retirement. Just keep in mind that you may be subject to penalties if you withdraw any funds from your IRA account before you retire.
So if you’ve heard the hype surrounding Bitcoin and are keen to jump on the Bitcoin bandwagon, it’s well worth seriously considering using some of your disposable income to invest in Bitcoin and to invest in your future! If you’re lucky you may even make enough money to provide your children’s entire lives.