Related Articles Prev123 45NextGet Started Now Cost basis and return based on previous market day close. Ĭumulative Growth of a $10,000 Investment in Stock AdvisorCalculated by Time-Weighted ReturnStocksBTCBitcoin CRYPTO:BTCĪverage returns of all recommendations since inception. Stock Advisor launched in February of 2002. Stock Advisor list price is $199 per year. Stock Advisor will renew at the then current list price. Stock AdvisorS&P 500592%144%Join Stock Advisorĭiscounted offers are only available to new members. We’re motley! Questioning an investing thesis - even one of our own - helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. That's why now looks like a good time to buy this cryptocurrency. To that end, Wood believes the price of Bitcoin will reach $500,000 by 2026, implying a gain of more than 1,000% from its current price. In all cases, that rising demand for digital assets should be a tailwind for Bitcoin, pushing its price up over time.Īs a final thought, Ark Invest Chief Executive Officer Cathie Wood believes institutions will eventually put 5% of their money into cryptocurrencies - a sizable figure, since institutional investors now have more than $100 trillion in assets under management. In other words, they are becoming increasingly bullish on cryptocurrency.Īnother report, this one from Nickel Digital Asset Management, indicates that 62% of institutional investors without current exposure will buy cryptocurrency in the next year, and 82% of institutional investors plan to increase exposure to digital assets by 2023. More importantly, the study suggested that 71% of institutional investors plan to diversify into digital assets. In fact, there is a catalyst at work that could significantly boost demand in the coming years.Ī recently study from Fidelity indicates that 52% of institutional investors own digital assets, and not surprisingly, Bitcoin is the most popular digital asset among those big money managers. And basic economic principles tell us that when demand outpaces supply, the price of an asset will rise.ĭespite the recent market crash, I don't think the current headwinds will damp long-term demand for Bitcoin.
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Specifically, Bitcoin's source code imposes a hard cap of 21 million coins, meaning it's a finite asset. That implies strong demand, which is particularly noteworthy in light of its limited supply. Despite being the oldest cryptocurrency, it remains the most valuable, with a market cap of almost $800 billion. However, the importance of Bitcoin's popularity shouldn't be overlooked. Who wants money that could lose 40% of its value in a matter of weeks? dollar, and the current market environment is a perfect example of why it wouldn't work. That said, Bitcoin is much too volatile to replace any fiat currency like the U.S. That quality certainly played a role in making Bitcoin popular, and there are plenty of people who believe that it could one day serve as a global currency. To that end, Bitcoin acts like electronic cash, allowing people to transact digitally without going through a bank or using a credit card.
It wowed the world with blockchain technology, a record-keeping system maintained by a decentralized network of miners rather than a centralized institution, like a bank. With its launch in 2009, Bitcoin became the first modern cryptocurrency. It currently trades almost 40% below its all-time high, but the optimism of institutional investors - a group that's increasingly bullish on Bitcoin - could translated into 10-fold gains (or more) in the next few years. That being said, every past downturn has been a buying opportunity, so there is good reason to believe these headwinds are temporary in nature.įor that reason, now looks like a good time to invest, and Bitcoin (CRYPTO:BTC) is ripe for the picking. The market has crashed before, and it will almost certainly crash again. Of course, seasoned investors know that volatility is common when dealing with these digital assets. In fact, the crypto market is now down about 35% from its all-time high.
And the Federal Reserve's plan to hike interest rates three time in 2022 has added fuel to that fire, triggering the most recent crypto crash. In recent weeks, high inflation and rising bond yields have tempered enthusiasm for more speculative assets like cryptocurrency.