The price can fluctuate greatly in short periods of time, creating potential for high returns, but also higher risk. Strangely enough, Bitcoin's volatility is one of the reasons why its so popular with investors. Its ‘limited edition’ availability means that even though its value has risen, and plummeted, and risen over the years, as the world’s most popular crypto currency, it will, most likely, always hold a reasonable price. It is important for potential investors to thoroughly understand the risks and volatility associated with Bitcoin before investing.įive reasons why HNW investors are buying up Bitcoin # 1 Scarcityīitcoin has a finite supply of 21 million coins, making it a scarce asset, which has attracted investors looking for an alternative to traditional investments. While Bitcoin remains a highly speculative and volatile investment, its growing mainstream acceptance and increasing institutional adoption have made it a focus for investors looking for alternative investment opportunities.
In fact, a recent report by the financial services company deVere Group, analysed data that revealed an astonishing 82% of millionaires are now seeking advice on Bitcoin investment.Īccording to the report, Eight out of 10 high net worth (HNW) individuals have asked their financial advisers about including cryptocurrencies, such as Bitcoin, into their portfolios over the last 12 months - despite the market experiencing a difficult year in 2022. Bitcoin, the leading decentralised digital currency that operates on a peer-to-peer network without a central authority, has become the focus of investors recently due to several factors.
0 kommentar(er)
