It is impossible to deny the sheer growth bitcoin has seen over the past few years. Not only has the repose skyrocketed ever since, but the community continues to expand every single day. Most people see bitcoin as an investment vehicle, though, and so far, the year 2017 has been kind to them. With a US$300 increase per BTC in the past 30 days, everyone holding bitcoin can be quite content with the way things are evolving.
Holding Bitcoin is A Passive Revenue Stream
Everyone in the world wants nothing more than generating income passively without doing much. Unfortunately, most investment opportunities promising such returns are HYIPs or other Ponzi schemes that need to be avoided at all costs. Moreover, traditional financial options, such as a savings account or bonds, provide less than stellar returns as of right now. Earning passive income is anything but easy these days, but that is only to be expected.
A lot of people have been wondering whether or not it is too late to invest in bitcoin. While it is true the BTC price will never get even close to US$1 again, there is still plenty of room for value appreciation. The past 30 days alone have shown us bitcoin gained US$300 in value. Anyone who bought bitcoin at that exact time has increased their investment’s worth by about 30%, completely passive. Some may call this a lucky streak, whereas others readily acknowledge the same can still happen even at current bitcoin prices.
About thirty days ago, the bitcoin price was hovering around the US$965 mark. That is quite a high value according to most people who are not involved in cryptocurrency. However, about two weeks before that, the price of bitcoin was just over US$1,3000, indicating there was a desire by traders to keep pushing the price down. Unfortunately for them, the downward momentum was not maintained, and the bitcoin price started climbing again. Fast forward to today, and one BTC is worth US$1,255.3 at the time of writing.
All of this goes to show bitcoin has tremendous upside potential as an investment. The world is only now slowly starting to appreciate what this cryptocurrency has to offer. It is highly likely there will be more value gains in the future, although not all of them will materialize over a 30-day window. That is only to be expected, as holding bitcoin is a long-term investment. Anyone who buys bitcoin now has a likely chance to increase their portfolio’s worth over the coming months, if not years.
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