People always want to hold assets that are stable and do not depreciate over time. Bitcoin (BTC) is a digital currency that has taken the financial industry by storm since it first appeared in 2009.
It has gradually become the largest cryptocurrency in value due to its stability, positive adoption, and safety. Bitcoin has been adopted by many global leaders and top celebrities as an alternative to fiat that is vulnerable to inflation.
Carl Runefelt, alias, The Moon, is a venture capitalist who has invested in more than 350 crypto startups. He says, “Bitcoin is genuinely game-changing and that it represents a massive transformation for the global economy and, indeed, the whole globe. It represents a paradigm change.”
Bitcoin has brought a lot of wealth to its holders in the last few years, thanks to its stable demand and supply. According to Carl, Bitcoin will be worth more than a million dollars in the next five years, and everyone should at least hold one Bitcoin for success in cryptocurrency.
Listed below are some of the reasons to hold one Bitcoin to increase crypto gains.
Reasons to Hold One Bitcoin
Bitcoin has become the largest cryptocurrency by market cap due to its stability and rising demand. Carl says, “The big goal is to hold one Bitcoin as soon it is going to be unattainable for a normal person.”
Bitcoin runs on peer-to-peer software that is verified through cryptography. The transactions of Bitcoins are recorded in a public distributed ledger that ensures enhanced safety and higher profits than any other cryptocurrency.
Carl believes, “The best reason to invest in Bitcoin is the absence of physical institutions, which enable people to make transactions in Bitcoin with ease.” Bitcoin has proved to be the safest investment for investors due to its market cap and unprecedented profits. Carl, in one of his interviews, expects Bitcoin to reach $300k by the end of this year which will increase the worth of its holders by almost 600%.
Carl says, “Accumulate one bitcoin to become a millionaire in the future as only multimillionaire would be able to hold bitcoin.” According to him, Bitcoin offers the safest way to invest in cryptocurrency. He shares valuable information on Bitcoin through his YouTube channel, The Moon.
Here are some of the benefits offered by Bitcoin.
Fiat or traditional money is vulnerable to boom-and-bust cycles in the economy which means that people are not really in control of their money. Bitcoin is a decentralized cryptocurrency that is free from the influence of any central authority such as a government or a bank.
This offers direct control of money to the holders of Bitcoin. In addition to this, Bitcoin transactions are completely anonymous as no identification is required.
Low Transaction Fees
The transactions of Fiat are associated with banking fees that put an extra burden on customers. Bitcoin transactions, on the other hand, are not subject to any banking fees as Bitcoin is free from the influence of any central authority
Carl believes that Bitcoin presents an excellent chance for growth in cryptocurrency to everyone. He believes that “everyone should put at least $100 into Bitcoin and keep accumulating it.”
Bitcoin transactions are free from any banking system or any other method of payment that makes Bitcoin easily accessible. Anyone can trade Bitcoin without holding a bank account or relying on credit cards.
According to Carl, “Everyone should have a vast majority of their crypto portfolio in Bitcoin based on its stability and accessibility.”
Bitcoin has withstood the test of time and gradually emerged as the most stable cryptocurrency. It has gained widespread recognition and the support of the Key Opinion Leaders (KOLs). Anyone can hold a Bitcoin for maximum gains in cryptocurrency as its value is expected to rise in the future.