Even though the value of Bitcoin has never been stable, those who have cryptocurrencies over the past 12 years still have several advantages. Because when 2009 or for the first time it was launched, the value of Bitcoin could still be millions or billions because the initial value did not exist.
Bitcoin Value Can Still Millions
“This is only the best performing asset in the last decade,” said CEP Coinflip, Daniel Polotsky, quoted by CNBC International. One example of this case of bitcoin is for example when the purchase was only 10 cents per coin in October 2010. If you invest the US $ 100 at that time you will be able to buy 1000 bitcoins.
1000 Bitcoins Worth US $ 48 Million
Meanwhile, with the highest value last Thursday, 1000 bitcoins will be worth more than the US $ 48 million or Rp.671.3 billion. Even that value does not include the combination and the assumption of buying and holding the asset during that time.
But the case of getting rich after holding assets for a long time is difficult. Polotsky said that only a very small group invested in bitcoin as early as possible and made a profit from it.
Forgot Password, Cuan Hovering
With bitcoin volatility, there are also investors who buy and sell at the wrong time and make money. Technical problems are also taken into account here. For a long time, it can make investors forget to open a digital wallet password. Forgetting a password is tantamount to not being able to sell Bitcoin so that profits just evaporate.
Meanwhile, currently, Bitcoin is experiencing tremendous support from various parties due to its tremendous increase in value. For example, the Bank of New York Mellon is ready to provide services on digital assets, this policy is due to the increasing demand for clients.
Mastercard Supports Cryptocurrencies
Recently, Mastercard will also support the cryptocurrency in the company’s network this year. Meanwhile, Tesla bought up the US $ 1.5 billion worth of bitcoins and is also preparing to accept
payments with that money.
Bitcoin Value Will Continue to Increase
With a fairly positive trend in recent times, a number of people are predicting that the value of Bitcoin will continue to rise. One of them last November, CEO of Galaxy Digital, Mike Novogratz said that Bitcoin could be worth US $ 55 thousand or US $ 60 thousand (equivalent to Rp.769 million – Rp.839 million) by the end of 2021.
Another case with the founder of the crypto exchange company, Gemini, Tyler Winklevoss. He said that in time the value of Bitcoin could reach the US $ 500 thousand or Rp. 6.9 billion per coin.