Why Is Bitcoin A Good Investment? - Including Bitcoin Chart Analysis

Bitcoin technical analysis for June 19, 2023.
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VIDEO SECTIONS
Welcome and Why invest in Bitcoin- 1:01
BTC Analysis daily - 5:55
BTC Analysis weekly - 9:45
Indicators Daily - 11:00

Bitcoin is one of the best investments I do believe that’s not financial advice, and the reason being that it’s decentralized meaning it’s not controlled by a single entity, government or financial institution, therefore increased it has security and protection against manipulation. It’s limited supply we know there is only 21 million bitcoins that will ever be in existence. We know that many millions of the coins that were in existence have been lost. Meaning that the total supply is more or less going to be around about 15 million. Next it is a store value because it’s been known as a store of value the same as gold. Also, it’s very accessible all over the world. As long as you have a mobile phone you can buy and transact and move money. You don’t need to transfer into other currencies, the ability to transfer it to other locations with just a cell phone makes it borderless. A lot of people do not have banks and now have the ability to generate income using cryptocurrency. We also know that bitcoin adoption has been increasing since its inception. The amount of wallet addresses is increasing people who have a whole coin has increased, it’s also great for portfolio diversification so you’re not putting everything in one basket it’s innovative as technology comes there will be better versions of cryptocurrency. And lastly, for me the potential for growth, if you look at the bitcoin chart ever since it’s inception, we can clearly see is it this thing just goes up. The market requires patience even though you can get better returns than any other market. People are still very impatient when it comes to bitcoin. A lot of people believe that bitcoin will be worth more than 1 million in 10 years time, you’ve got people saying 6 million, 10 million it’s basically going to be infinite depending on how much liquidity it can bring over from all the other underperforming assets that people want to get rid of. So now that I’ve told you why I think bitcoin is one of the most important assets that could have

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Disclaimer: Everything expressed here is our opinion and not official investment advice. Please do your own research before risking your own money. Breakout Solutions are not financial advisors and do not provide you with individually tailored investment advice. The material provided is for educational purposes only. Breakout Solutions is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by people who can afford to sustain a loss of their entire investment. You should never invest more than you can afford to lose. Investors should consult their financial adviser before investing in cryptocurrency
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