The Outcome If You Invest In Bitcoin In 2022

As compared to other financial asset types, Bitcoin helps to preserve and grow wealth and diversify one’s portfolio. With recent market volatility, many wonder if they should invest in Bitcoin in 2022 and search for the best way to invest in it. Therefore, you trust the experts of Wealth and Loyalty undoubtedly for better outcomes by investing in Bitcoin.

Keypoints of Bitcoin

• It is a unique financial asset that can be compared to gold.
• It could be a global reserve currency by competing with the US dollar.
• Unlike traditional stock or gold, it is a digital commodity.

How To Conclude The Best Way To Invest In Bitcoin

Bitcoin’s price has continuously risen since it was first launched. It was $0.003 at its launch, and since then, Bitcoin’s price has increased to $60,000 before correcting to around $20,000. For many investors, this wild ride has resulted in millions in profits.

At Wealth and Loyalty, we have an incredible opportunity with the current discount in the cryptocurrency market. Right now, Bitcoin is around $20k, and our team of experts at Wealth And Loyalty expects Bitcoin to hit between $10k to $5k before the end of 2022; this is when we will be heavily investing capital into various cryptocurrencies, not just Bitcoin.

Is It Worth Investing In Bitcoin In 2022

Despite the initial struggles during the first half of the year, experts believe Bitcoin will eventually reach $100,000 + the downtrend this year was expected due to the crypto cycles; crypto moves up or down whatever side you are looking at every four years. It went up due to something called the Bitcoin halving event, and it then had a bear market for around one year. 2020 was the previous start of the bull market where it went up for just under two years; it then had the expected bear market in 2022, which has happened to perfection. It is a regular cycle; a crypto bear market lasts for around one year, so we can say this is the best way to invest in Bitcoin. Our experts foresee the crypto market to bottom out at the end of this year. 

Even after the recent volatility in Bitcoin, many experts estimated its reach to $100,000. Meanwhile, Deutsche Bank says a quarter of Bitcoin investors expect to attain $110,000 within five years. The volatility of Bitcoin is nothing new, but our experts advise new investors to be cautious when they are considering investing in Bitcoin in 2022. The historical performance of Bitcoin is better than the other types of financial assets. In 2020, central banks were able to print at full speed due to the pandemic, which caused investors to pile in.

According to Martin Hiesboeck, a blockchain and crypto research analyst at Uphold, investors are still concerned about the long-term viability of the cryptocurrency industry due to the actions of several companies. These include the layoffs of several prominent players and the halting of withdrawals by certain centralized exchanges. Despite the recent market volatility, many view cryptocurrencies as ideally positioned to weather economic and political turmoil as they are not tied to central bodies or governments. Despite various threats to the cryptocurrency market, it is still showing signs of growth and increasing adoption. Also, it encourages people to find the best way to invest in Bitcoin.

Is Bitcoin a Safe Long-term Investment

It’s already clear that cryptocurrency needs to get approval from the security and financial authorities. Hence, many financial firms don’t allow their clients to independently buy and hold digital assets. Instead, they guide how to make their purchases.

Some fee-only financial firms are testing the waters when it comes to providing their clients with the ability to buy and manage cryptocurrencies. Once the SEC and the FIRA finalize regulations, several major financial firms such as Fidelity and Schwab are likely to start adding cryptocurrencies to their platforms.

This will allow advisers to monitor the performance of cryptocurrencies and make informed decisions regarding their clients’ investments. One of the most critical tasks of an adviser is to regularly re-enter and exit portfolios that are allocated to certain types of assets.

Despite the various threats associated with the cryptocurrency market, our experts believe cryptocurrencies will eventually be regulated as a financial asset. It will give investors the same protection level as traditional investments.

If you plan on investing in cryptocurrencies, you must trust Wealth and Loyalty, a reputable investment company. We assist you to understand various risks and opportunities in the market to find the best way to invest in Bitcoin.