5 Reasons to invest in Bitcoin in 2023

Are you interested in earning money online in 2023? Bitcoin might be one of the best options! Considering the possibility of a financial system meltdown, buying Bitcoin might be one of the finest moves to make for the long run. You've got to give Bitcoin advocates credit where it's due – the cornerstone cryptocurrency asset is resilient.

I will go through 5 top reasons to buy Bitcoin in 2023 in this blog post and I will add a recommendation from an expert, so you can make an educated choice about your financial future. Learn more by reading on!

1. Inflation : The economies of the world may experience a period of high inflation in 2023. Currency depreciation, War in Ukraine, geopolitical unpredictability, and some economic crisis post COVID are to blame for this. As a result, because currency has less purchasing power, it might be challenging to profit from conventional investments. In contrast, Bitcoin has exhibited resistance to inflation by gradually increasing in value over time. In fact, bitcoin has grown at an average annual rate of 9% since its launch in 2009. As a result, purchasing bitcoin today could help you profit from it in 2023 while also securing yourself against inflation.

The stock market and conventional assets, in contrast, have had slower growth over time. The fact that bitcoin's appreciation rate shows no indications of slowing down makes it a wonderful alternative for people trying to generate money online in 2023. If we look at the floor price evolution year to year, bitcoin has increased from a value of nearly nothing in 2009 to over $27,000* per coin today with all-time high at $65,000 (in Nov 2021).

* Bitcoin's price today Mach 19 2023 is US$27,709.13. It is +4.38% in the last 24 hours. BTC has a circulating supply of 19.32 M BTC and a max supply of 21 M BTC.

2 Economy crisis : Many believe that the world is currently experiencing an unheard-of economic crisis and that it will only get worse. Due to this, investors are getting an another chance to profit from Bitcoin in 2023. The economic crisis has not had a significant impact on bitcoin, and despite the market volatility, its value has risen. This might be as a result of its decentralized character, which means it's immune to government regulations or policies. Also, because Bitcoin isn't linked to a specific economy like traditional assets, it can continue to be mostly shielded from local economic downturns. As a result, long-term investment in Bitcoin may be a prudent choice, particularly as governments continue to struggle with economic recovery.

Silicon Valley Bank (SVB), for instance, recently stated it will be closing its facilities in the United States, citing greater regulation and the economic crisis as the main reasons. With a bank failure of this magnitude, it is evident that the traditional banking system is less secure than previously believed. This might imply that in 2023, investors who succeed with Bitcoin will be ahead of the game. Also, it would be a good idea to diversify your investments and hold a reasonable percentage of your portfolio in cryptocurrencies like Bitcoin if the economy keeps deteriorating.

3. Financial privacy: Privacy is among the most alluring features of Bitcoin and cryptocurrencies more broadly. Users in 2023 can profit from Bitcoin without being concerned about the government or other financial institutions prying into their private finances. By this, one can achieve a level of monetary freedom that is not possible through conventional banking institutions. Furthermore, utilizing Bitcoin for payments avoids the need to provide third parties access to private information like bank account information and credit card numbers, which might potentially be stolen and misused maliciously. It is a much safer option when making online purchases or conducting financial transactions because of the additional security layer.

4. Hedge Against Volatility : Because it is unrelated to any government or central bank, bitcoin is sometimes regarded as a safe haven during periods of economic turmoil. As a result, it has a steadier value than other assets, which makes it an excellent option for anyone hoping to profit from bitcoin in 2023. Due to its decentralized nature, bitcoin also provides more security from price and market movements, enabling investors to shield their portfolios from losses brought on by market turbulence. For individuals hoping to profit from bitcoin in 2023, investing in bitcoin can offer an extra measure of stability and safety during periods of financial unrest.

5. Potentially Lucrative : Investing in Bitcoin has the potential to be very profitable. You might be able to profit from Bitcoin in 2023 with the appropriate techniques and equipment. Since its launch in 2009, the market price of bitcoin has skyrocketed, reaching an all-time high of $65,000 per coin. As a result, if the price of the cryptocurrency rises further, it might provide investors significant rewards.

Also, investing in Bitcoin in 2023 may present prospects for portfolio diversification for investors. Since bitcoin is a relatively new asset class, it has no correlation to more established assets like equities or bonds. Investors may be able to reduce risk and discover new revenue streams as a result.

Furthermore, a lot of investors think that Bitcoin is currently undervalued and that its full worth will eventually be revealed. This could imply that buying Bitcoin right now is a wonderful approach to acquire an edge and seize possible growth opportunities as the value of the cryptocurrency increases.

Finally, there are only 21 million Bitcoins in circulation. As a result, its long-term scarcity may spur demand and raise its value over time. Hence, buying Bitcoin now could be a terrific strategy to take advantage of this potential long-term development.

All things considered, making a profit by investing in Bitcoin in 2023 might be possible. You could seize growth possibilities and profit long-term from Bitcoin if you have the correct approach and resources.

Conclusion : Investing in bitcoin appears to have a bright future. Keeping an eye on the market and staying up to date with any developments is a good idea. You may make wise selections and possibly gain in the long term with the correct support, strategy, information, and understanding.

I will finish this blog post with the opinion of an expert Marco Wutzer who became millionaire by investing in Bitcoin.

“Right now, the price of Bitcoin is in the mid five figure range. As hard as it might be for you to believe... we are still at the very beginning. Which means, you haven’t missed the boat. And there’s still time for you to make a fortune from Bitcoin’s next big move. You’ll be well ahead of the masses. Millions of people will come after you and will have to buy at much higher prices. The only question is: Will you get started today or when Bitcoin is trading at $50,000, $100,000 or even higher?

In a Bitcoin bull market, the price often goes up 10 times or more. In July 2010 Bitcoin’s price skyrocketed 900% in only 5 days. In the bull market of April 2013 Bitcoin went up from its previous low of $2 to $266. That’s a rise of 13,200%. A bull run like this turns a small $5,000 investment into $660,000. Later that same year Bitcoin went from $70 to $1,242. A rise of 1,674%. Enough to turn each $1,000 invested into $16,740. Then, in 2016 Bitcoin ran up from the previous low of $178 to $769. A return of 332%. In 2017 we saw another massive Bitcoin bull market. Shooting up from $549 to $19,991. A spectacular rise of 3,541%. Enough to turn a $10,000 investment into $354,100 . The next time Bitcoin will move into one of its famous bull markets you can reap big profits as well.”

Lean more with Crypto Quantum Leap, the online course that will teach you everything you need to know to make big profits with bitcoin even if you know nothing about technology.

Last recommendation, if you project to buy Bitcoin (or if you have some), it is really important to secure them and the only way is to transfer them to a cold wallet (do not let them on an exchange when you don’t need to trade them. Same for your NFTs). The best and more secure cold wallet today is the Ledger. You can order one here

Disclaimer: some of the links above are affiliate links, which means that if you buy a product or service, I will, maybe, earn a commission. (that will help me to produce more articles as freelancer).