Bitcoin, the first digital currency which is still the most valuable cryptocurrency even after 10 years. This is ranked number one in terms of its market capitalization. Most of the traditional investors came into the crypto space after the success of bitcoin. In 2017, when its value grew from $10000 to nearly $17000, most people couldn't believe it at first.
Regardless of the volatility of bitcoin, many investors and even financial experts think that bitcoin can replace the traditional form of currencies. Well, in this article you will see whether you should invest your savings into bitcoin according to experts.
Experts Views on Investment of Savings into Bitcoin
Here I have gathered the recommendations given by crypto experts on bitcoin investment.
1. Mr. Rosenfield
Mr. Rosnefiels is an M. Sc. graduate in Mathematics who has done specialization in machine learning. He has worked in Similarweb as the head of research where he was creating algorithms for the measurement of web connections and traffic. He came to know about bitcoin in 2011 and recently he quit his job and involved in the bitcoin investment exclusively.
He founded a famous bitcoin community in Israel which is the first bitcoin exchange of Israel. He also developed the algorithms for the exchange one his own for that exchange and blockchain system. He is now serving as the chairperson of the Israeli Bitcoin Association. According to him investing in bitcoin from your savings is a good option but you need to be careful about your risk level.
2. Mr. Hertzog
Mr. Hertzog, a technology entrepreneur is involved in the cryptocurrencies since 2014. He founded AppCoin, which was empowering people to use local currencies. Bancor Protocol is another platform founded by him that helps people to provide a decentralized network with a very low-cost mechanism. The Bancor network set a record in 2017 by raising around 153 dollars. According to him investing in bitcoin is good but you should invest a small portion of your total crypto investments.
3. Mr. Beigel
Mr. Beigel, the founder of 99Bitcoins which is a crypto and bitcoin blog focused on teaching about the crypto investments. He first came to know about bitcoin in 2013. He knew it from a famous article of TechCrunch and started investing in bitcoin. After that, he decided to create the website 99Bitcoins to share information about bitcoin and other cryptocurrencies. Today, more than 2 million readers visit 99 bitcoins each month. According to him, you should invest your savings into bitcoin.
4. Mr. Assia
Mr. Assia was a trader from an early age. He started trading at the age of 13 when his father taught him about the market. He is the co-founder of eToro, a global trading platform, and provides trading services in a very simple platform. He is on a mission to revolutionize the way people trade in financial markets.
Mr. Assia and his brother started their bitcoin investment journey in 2011. Both of them found a project on bitcoin named the colored coins which have the mission to create other currencies to trade in a P2P network. They created a local digital currency named Colu coin which raised more than 15 Million US dollars. He also suggests investing in bitcoin but a very limited percentage of your crypto investments.
What Should You Do?
With all of these expert's views, it is clear you can invest your savings into bitcoin but you need to limit your bitcoin investment with a small percentage. Even though the value of bitcoin has increased to $10000, you can invest in bitcoin eve with $1. Because you can invest in fractions of bitcoin. Whenever you decide to invest in cryptocurrencies make sure that you include bitcoin in your portfolio.
Final Words
Finally, if you want to invest your savings into bitcoin, then you can invest in it. But make sure that you limit your investment to 10-15% of your total investment into cryptocurrency then you can decide the amount of investment in cryptos according to your risk tolerance.
If you are planning for your investing in bitcoin then you can invest through crypto-cash.website which is a great bitcoin platform. Now share your opinion on this post and if you have any queries please ask in the comment section.
