With its huge price increases, Bitcoin presents an intriguing investment opportunity.
It has already been an exciting year for Bitcoin enthusiasts, and we haven’t even reached June yet. Bitcoin traded at an all-time high of nearly $65,000 in April. The growth of cryptocurrency exchanges and apps has made it easier than ever to buy Bitcoin and many other cryptocurrencies. And merchants are gradually starting to accept it as a payment method.
Given all the recent good news about Bitcoin, you may be wondering if you should purchase some of your own. This could be a smart decision, as long as you’re comfortable with the risk involved.
The case for buying Bitcoin
There are a few good reasons to buy Bitcoin:
- You want to invest in it — and you understand the risks.
- You want to send money or make purchases with it.
- You like the philosophy behind a decentralized currency.
The first reason is likely the most popular. Consumers buy Bitcoin hoping that it will increase in value. So far, it has done just that.
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