Cryptocurrencies are digital tokens. They are digital currencies that let people make payments directly to each other via an online system. Since its launch, Bitcoin has been one of the best-performing assets in the crypto market. Plus, its value has increased from just $100 to the current $65,000. Here we are talking about two main reasons regarding a tap cryptocurrency to buy before it surges 20000%, according to Michael Saylor of MicroStrategy.
Bitcoin, the innovative payment and a new kind of money is expected to hit a price of $13 million by 2045, as per Michael Saylor, founder, and executive chairman of MicroStrategy. Based on today’s price point, this implies an additional profit of approximately 20,000%.
If you are looking to make a long-term investment in cryptocurrencies, the good news is that it is still not too late to invest in Bitcoin’s extraordinary profit potential.
Top cryptocurrency to buy before it surges 20000%: Three reasons
This might seem hard to believe, but here are two main reasons to tap cryptocurrency to buy before it surges 20000%.
Institutional and Corporate Adoption
Saylor says that the growing Institutional and Corporate Adoption of Bitcoin is the one key factor that makes Bitcoin the best cryptocurrency to invest in for high returns.
Limited supply and unlimited demons.
Bitcoin’s lifetime poo is limited to 21 million coins, and around 19.8 million coins are already available in the market. According to the Bitcoin algorithm, the remaining supply will be exhausted in the next 100+ years. When demand is growing rapidly but supply is not, there is usually upward pressure on prices.
Bitcoin as ” Sound money”
As you’re listening, Bitcoin’s potential ability to displace the U.S. dollar as the world’s leading reserve currency that the second major factor. Saylor directs to Bitcoin as “sound money” to differentiate it from fiat currency, which he sees as innately flawed.
Some investors are already realizing this, and are moving their money out of the dollar and into bitcoin. Couple of month ago, Dubai Court Recognizes Cryptocurrency as a Legitimate Method of Salary Payment.
