The market cap of bitcoin, the cryptocurrency that launched the modern era of the financial world, is more than $13.5 billion, according to CoinMarketCap.
This is a far cry from the $9 billion bitcoin had when it was launched in 2013.
At the time, the market cap was just over $5.6 billion, and bitcoin was only the latest in a string of cryptocurrencies to take on the mantle of a major financial player.
That is, until now.
Now that the bitcoin has surpassed $10 billion, the crypto-currency has made significant strides towards becoming the most valuable financial asset of all time.
As of November 5, 2018, the value of bitcoin is $13,934,924, and if it holds up that pace over the next year, it will surpass the market capitalization of Apple and Alphabet, which have $14.9 trillion and $19.3 trillion, respectively.
Here are five reasons why investing in bitcoin will become a significant force in the financial industry.1.
The rising price of bitcoin Bitcoin is an asset class that has been gaining traction in recent years.
As investors have been able to acquire more and more digital assets, the price of bitcoins has been rising steadily.
On December 15, 2018 , bitcoin reached $1,500 and has risen by $2,000 from there since.
The reason why this is happening is because the market is trading at a premium, according a report from Bloomberg, because of the way in which it is trading.
This premium is primarily due to bitcoin’s ability to trade at a faster rate than other assets like gold, which has a price fluctuation of about five percent per day.
That means bitcoin trades for a higher premium than gold or silver, which also fluctuate at a lower rate, according the report.
A premium can be a huge incentive for investors to invest, as the premium can boost their return.2.
Bitcoin is a safe investment It has been proven that the cryptocurrency market is highly volatile, and it is estimated that it could potentially crash in the future.
That being said, if investors are prepared to hold onto their bitcoin holdings, there is little reason to lose money.
The market is not a speculative investment and it does not require an investment in a bank.
Furthermore, cryptocurrencies do not require any custodial trust.
For those who have been reading this blog for some time, you will know that I have been using Coinbase, one of the largest cryptocurrency exchanges, to hold my bitcoin holdings for over a year.3.
The digital asset is a good way to diversify Your investments in bitcoin can be made in many different ways, depending on the amount of your savings you want to put aside for a particular investment.
Some people like to invest their money in stocks, while others may prefer to invest it in other asset classes.
This means you should consider whether you would like to diversification in your investments in order to ensure that you are diversifying the right asset class for your needs.
For example, if you want a diversified portfolio, you may want to invest some of your money in bitcoin because it has a higher trading volume than other currencies.
This might mean that you would prefer to diversified your portfolio by holding more bitcoin and other cryptocurrencies, while diversifying your portfolio in other currencies would mean that your portfolio would include only gold and silver.4.
Bitcoin has attracted a wide range of investors Investors in the cryptocurrency space are diverse in their investment choices, ranging from those who want to start small and invest their savings, to those who are looking to make a career out of investing in the space.
The best way to ensure your investment choices are not in the wrong direction is to invest your money carefully.
If you have invested in bitcoin, you have probably already seen the benefits of the cryptocurrency.
With a lot of attention paid to the recent rally, investors are now taking notice of the bitcoin price.
It is important to remember that this is a volatile asset, and that investors should not get overly invested in the value it represents.
In the future, investors may realize that the current price of a bitcoin is too high, and they may want a smaller position.
Investors can also avoid the risk of investing into a position that is not well-diversified by considering the following three things: the volatility of the price, the diversification of your investment portfolio, and the potential for returns.5.
Bitcoin will be a catalyst for the financial sector Some people may be tempted to invest bitcoin solely to buy the cryptocurrency, while other investors may consider the value that bitcoin will bring to the financial system.
The answer to both questions is yes, and cryptocurrencies are currently the most important digital asset in the world.
In fact, according an article published by the Economist, cryptocurrencies are already the most influential digital asset of 2018, and are poised to become the next big thing in the global financial sector.6.
Investing in bitcoin is easy to do Because of the current rally in bitcoin