Do you believe Bitcoin and cryptocurrencies are ready to skyrocket again?
Since its inception in 2010, Bitcoin was the first digital asset to beget an entire ecosystem of cryptocurrencies. For quite some time, it grew an underground following of investors who seemed very interested in its future as a possible replacement to the physical monetary system, as traditional institutional players curiously watched its development.
While we are still likely many years away from a complete transition, the crypto space has been a fairly volatile playground. During the ascension and adoption of crypto, many people launched ICOs (Individual Coin Offerings, akin to offering a new stock) without any supervision or regulation. During this time, Bitcoin led the charge to a valuation of nearly $20,000 per coin in 2017, but then its value steadily declined over the course of 2018 and settled in the range of $3,500 to $4,000 for quite some time.
After witnessing the meteoric rise and subsequent fall of Bitcoin's value, many folks became gun-shy about investing in cryptocurrencies. However, recent activity has caused Bitcoin's value to significantly rise at the time of this writing and has caught the attention of many existing and would-be investors.
During the past couple of years, the crypto market has matured with more oversight and regulatory controls in place by both institutions and government agencies. As a result of these measures and more institutional dollars supporting the industry, more people are now seeking ways to reduce their risk while still seizing a profitable ROI.
Here are some tips on how to successfully invest in cryptocurrencies from industry experts:
