The acceptance of Bitcoin as a legal transaction is proof that Bitcoin is now seen as a profitable asset. This is supported by many investors from large international class institutions who have bought Bitcoin as their investment asset. One of them is Guggenheim Partners which is one of the companies on Wall Street, America.They purchased these assets for 530 million US dollars. Then, the CEO of the famous electric car company Tesla, Elon Musk, also claimed to have bought Bitcoin as one of their investment assets. With a capital of 1.5 billion US dollars in 2020, Musk is rumored to have made a profit of more than 50% in 2021, reaching a value of 1 million US dollars.
Seeing big companies hop on to the Bitcoin trend have fuelled great demand and interest for Bitcoin investing which drove up Bitcoin’s prices. As a cryptocurrency, Bitcoin is created in very limited quantities unlike fiat currencies. There are only 21 million pieces of Bitcoin. With increasing market demand and limited supply, the value of Bitcoin will increase like the value of gold. This is why Bitcoin is now touted as a safe haven or asset that protects your wealth from inflation. Bitcoin is not affected by inflation because Bitcoin is built on a blockchain network which is limited in quantity and is not under the control of any financial institutions. These factors cause Bitcoin to be less susceptible to inflation. However, the value of Bitcoin does tend to rise and fall in the short term. This is not a bad thing, especially if you prefer trading Bitcoin. However, of course in the long term the value of Bitcoin is likely to continue to increase hence it is also good to keep it as an asset.
Where to Start Investing Bitcoin
If you are interested in investing in Bitcoin through Tokenomy, there are several procedures that must be carried out to ensure the security of your assets. If you are just starting out, register with Tokenomy Earn and carry out the Know-Your-Customer (KYC) process as a form of identity verification and to acknowledge and comply with the Anti-Money Laundry (AML) regulations. Some things that must be done for the KYC process include uploading personal data and photos of yourself according to the provisions to ensure the accuracy of the data. Make sure you fill in the data in the correct format to pass the KYC checks successfully.
If you already have a verified account, you can access your Tokenomy Earn dashboard to kickstart your Bitcoin investment journey. Choose the type of crypto asset you would like to invest and then make a Bitcoin deposit (minimum 0.0010 BTC). Once you have done so, your Bitcoin assets will be locked in on Tokenomy Earn based on the investment time frame you have selected. For more details, here’s how to deposit Bitcoin on Tokenomy Earn:
- Login (If you do not have an account yet, register + complete the KYC process)
- Go to Tokenomy Earn’s Dashboard
- Click on Deposit BTC
- Copy the Bitcoin address (If there is no Bitcoin address, click Generate Address)
- Deposit a minimum of 0.001 BTC