Cryptocurrency is very cheap right now, in particular Bitcoin, and now is the perfect time to invest. Around a week ago, on May 25th 2018, Bitcoin was at the price of $7,530. As of June 1st 2018, Bitcoin had reached $7,580. The price increase may be slow, but it is occurring. “Institutional money started trickling into cryptocurrency in mid-2017, but it’s been slower than many expected. That doesn’t mean it’s not coming,” stated Ari Michael, a well-known cryptocurrency researcher and investor. Many investors currently feel there will be a continuing to long-standing adoption curve of Bitcoin. It is expected for this be a sturdy trend for Bitcoin.
According to Dan Morehead, founder and CEO of prominent cryptocurrency hedge fund Panera Capital, “Bitcoin is screaming buy right now.” With Bitcoin showing the promise of increase, now is the precise time to buy, but significant profits will take time, so Bitcoin purchases should not be sold in the near future. The fact of the matter is that Bitcoin is becoming quite popular worldwide. According to Don Durrett, a major research analyst, “Japan has legalized Bitcoin as a payment method, with 300,000 businesses expected to adopt it in 2017.
I don’t think Bitcoin is going away in Japan. If Japan has Bitcoin, so will many other countries.” As the popularity of Bitcoin continues to grow, the price will also continue to grow, showing positive financial trends, which are already beginning to be seen. Investing in Bitcoin now will allow significant positive financial returns as long as it is not sold too quickly. The trend appears to be increasing for the next several years, which can be because only 3,500 coins are released a day, and only 21,000,000 will be released total
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