Should I invest in Bitcoin?

Yes, you must invest in Bitcoin because it can provide you a great return in both the short-run and long-run.

There are various reasons for you to invest in Bitcoin in 2020-21. BTC has high liquidity, the highest stability among cryptocurrencies, rapidly increasing influence in the crypto market (up from 62% to 79%), high persisting excess demand, and strengthening fundamentals and technical queues.

Institutional investors have started to invest in it, increasing hopes of mass adoption in the coming years. Many high-profile investors like BlackRock’s Rick Rieder, Paul Tudor Jones, Stanley Druckenmiller, and Bill Miller have already started investing in Bitcoin.

In fact, Bitcoin received a shot in the arm as mainstream payment companies such as PayPal and Square continue to funnel retail capital into it. While Square has earned a record US$1-billion revenue through its CashApp mobile wallet in Q3, PayPal has recently announced (in October 2020) its plan to support Bitcoin and other cryptocurrencies.

All these factors have made Bitcoin perform amazingly well in 2020. It has come up as the best performer among all asset-class in November 2020 and Year-To-Date.

Bitcoin price (BTC/USD) has increased by 170% till-date in 2020, which is 10-times more than the 17% YTD growth rate of Gold.

If you consider the yearly lows after the COVID19-induced crash in March 2020, Bitcoin has rallied more than 400% till now.

In November 2020, the BTC price has increased by 37%, almost

On December 1, 2020, Bitcoin has touched its all-time new high at US$19,920.53.

Many analysts believe that both the fundamentals and technical charts point to the fact that the US$24,800 Fib level (just below US$25,000) is the most logical next target. Nexo co-founder Antoni Trenchev has said that by 2021-end, the Bitcoin price is expected to rise to $50,000. If you want to make money and get great returns, invest in Bitcoin.

You can jump in now and get the best out of your Bitcoin investment by using a trading bot platform called NapBots. It designs profitable trading strategies and makes them available in a unique marketplace. You can also put it on autopilot, which will then scan the market in real-time, automatically trade for you, and help you make money even when you are sleeping.

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Ref: https://www.lynalden.com/invest-in-bitcoin/ https://www.tmcnet.com/topics/articles/2020/10/26/446963-paypal-expanded-value-bitcoin.htm https://fortune.com/2020/10/22/bitcoin-price-high-record-paypal-cryptocurrency/