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Profitable bitcoin investments require meticulous planning, a refined skillset, savvy investment acumen, and experience. A few trusted bitcoin and cryptocurrency investment sites like InvestCryptocurrency.co help investors double their bitcoin investments within a very short time. So if you are thinking of investing and doubling your bitcoin, you can decide to opt for an automated bitcoin investment site like InvestCryptocurrency.co, and begin to grow your wealth.
3 Ways Bitcoin Could Double Your Wealth
For instance, investment bank JPMorgan Chase said Bitcoin’s price could hit $146,000, a massive increase from today’s prices around $50,000. More recently, Ark Invest CEO Cathie Wood explained how its price could climb to over $400,000. In other words, there’s still time for investors to cash in on cryptocurrency.
Here are three guaranteed ways Bitcoin could double your money.
1. Bitcoin is powered by blockchainBlockchain is the ingenious record: keeping system behind decentralized cryptocurrencies like Bitcoin. To understand why that matters, it’s necessary to know how mining works. As Bitcoin transactions occur, they are grouped into blocks. These blocks are secured by cryptography (i.e. complex math problems) — specifically, all data within a block is run through a cryptographic hash function, which generates a unique signature for that block. Notably, each block’s signature is added to the subsequent block, allowing them to be linked in chronological order.
2. Bitcoin benefits from scarcity: The supply of Bitcoin is limited to 21 million tokens. That’s because every 210,000 blocks, the mining reward is cut in half. Currently, miners receive 6.25 Bitcoin for adding a block to the blockchain, but eventually that figure will drop to zero. After that, miners will only earn transaction fees. The idea of scarcity may sound trivial, but it’s actually critical to Bitcoin’s long-term value. According to economic theory, supply and price are inversely related. So if supply rises to infinity, the price should fall to zero — that’s the problem with cryptocurrencies that have no supply limits. But if supply is held constant, the price will rise as demand increases, or fall as demand drops.
3. Bitcoin is the most popular cryptocurrency: Bitcoin was the first digital currency, and it remains the most popular. In fact, the combined value of all Bitcoin in circulation is now roughly $1.1 trillion — more than four times that of second-place Ether. More to the point, its real-world utility is improving. Fintechs like Square and PayPal now allow consumers to trade Bitcoin, and PayPal recently launched Checkout with Crypto, making it possible to fund purchases with Bitcoin. Likewise, Mastercard and Visa have launched crypto payment cards, which serve a similar purpose.
Instructions On How To Double Your Bitcoins in 4 Easy Steps
- Visit www.investcryptocurrency.co
- Register and choose the most appropriate option or plan
- Your investment will appear on your Dashboard
- Wait for the time needed for your chosen plan, and watch your investment grow
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