A question that has been popping up frequently on forums and discussion pages is whether Bitcoins are still worth it or if it's time to let go of this currency.
Cryptocurrency emerged in 2008 and, over these years of history, it has had several ups and downs.
It is worth remembering that this is a finite coin, that is, it has an exact number that, when reached, could be another milestone.
Thinking about it, it's worth knowing what to expect for this year.
Are Bitcoins Still Worth It – From Rise to Fall
In case you didn't know, cryptocurrencies work similarly to products, based on supply and demand.
Precisely for this reason, when there is a shortage of the item, it becomes worth more.
As soon as it appeared, the currency drew attention for not being issued by any bank and completely private.
This means that banks are not responsible and did not create it, making it decentralized.
As it is protected by encryption, it quickly became a secure way of doing business without being identified or tracked.
And that's how the currency secured its space and became highly sought after, with several fraudsters appearing who claimed that it was possible to mine the currency through a common computer, while you were watching an ad.
Today, investors and those interested in crypto know that this is not how things work.
In this scenario, we arrive at December 2021, when the digital currency reached the mark of US$ 66 thousand on day six.
With that, Bitcoin appreciated 122% in the period of one year.
However, in early 2022, the coin ended up falling twice in a row, falling below US$ 40k.
This drop was due to the devaluation that had been happening in recent days and also to the pressure that US banks were exerting.
What to expect for 2022?
Faced with this scenario, the question remains whether Bitcoins are still worth it or whether it is better to look for other investments.
According to JPMorgan, most of the public expect growth, surpassing the December 2021 figure for later this year.
However, there are those who believe that the cryptocurrency can drop below US$ 10K.
With this, the high interest rates that have been exercised by American banks in the currency is one of the indications of an increase.
From the inflation of the American soil and the stabilization of some sectors, the sea of cryptocurrencies can grow again and guarantee that the expectations of investors are met.
But not only that.
After El Salvador announced the release of physical currency in the country, the numbers started to grow again.
If that happens, something predicted for several countries around the world, Bitcoin could exceed US$ 100 thousand.
Not by chance, the Estadão released an article with the opinion of specialists who say that the sector is growing again and that it should be a bet for the market.
The biggest wait is for the end of the year, with the coin functioning in its physical version.
Why Bitcoins Are Still Worth It
In view of all that has been said, it is worth checking what would be the main reasons that point to the growth of the currency, isn't it?
So, take notes:
Scarcity
With the announced limit of 21 million units, and the discoveries only grow, it is possible that soon there will be no more cryptos to be “discovered”.
Even in a digital environment, scarcity is real and this will help to increase the value of the currency, which is already causing more people to look for it in the market with the expectation of appreciation.
Accession
Even if it wasn't completely loved at first, Bitcoin has grown to become an interesting option for trading.
This adherence to active addresses, exchanges and brokerages continues to grow and this favors demand.
lightning network
Anyway, one of the reasons that show that Bitcoins are still worth it is this second layer where it is possible to carry out transactions that have almost no costs and are instantaneous.
Soon, it allows you to reserve coins just to invest in that layer.
Do you still have any questions or want to know more about the investment market? So, be sure to follow the page and stay on top of all the news.
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