We all have heard about the boom of Bitcoin that took place in 2017. Tech enthusiast investors raving about how they made over $100,000 overnight with something called crypto. 

At that time, many people rushed to buy the virtual currency in hopes of striking it big. But from then until now, there have been many ups, downs and changes in the evolution of Bitcoin and how we store and trade our investments.

In this post, we will unfold everything there is to know about Bitcoin and whether or not it is made to stand the test of time. 

Understanding Bitcoin

Bitcoin was the first cryptocurrency “invented” in 2007 and is now the most stable, valuable and well-known virtual currency available. It was created by either one programmer or a group of programmers, who have gone by the pseudonym Satoshi Nakamoto. Their identity, to this day, has not been revealed.

The following year, in 2008, the system of Blockchains was introduced to the public as a digital ledger. This was the first time the concept of “linked” interactions would be presented to crypto investors. On January 3rd, 2009, the first Bitcoin block was mined. 

Of course, this opened up the floodgates to Bitcoin mining, keys and wallets, revolutionalizing the concept of currency and how we obtain it, protect it and store it. 

Since then, many other cryptocurrencies have come onto the market, opening up the opportunity to diversify your virtual portfolio. 

But, having so many different coins available has also caused the market to sway and create doubt in the sustainability of Bitcoin and cryptocurrency. 

Bitcoin’s Market Stability Compared to Other Cryptocurrencies

As volatile as crypto has been in recent years, Bitcoin has shown to stand the test of time. According to Investopedia.com, Bitcoin had a price of $7,167.52 on Dec. 31, 2019, and a year later, it had appreciated more than 300% to $28,984.98. Today, it is worth even more.

This is not to say that BTC has not fluctuated or devalued at times, but in comparison to other cryptocurrencies, it is the strongest available. 

According to recent statistics within the investment world, Bitcoin is arguably even more stable than buying stocks or gold! 

As you can see on the chart below, BTC has always dominated compared to other currencies, meaning that from all the other choices on the market, Bitcoin is by far the safest choice for your investment. 

Assessing Bitcoin as a Long-Term Investment

Bitcoin has experienced a remarkable journey in terms of value. In the beginning, it was surrounded by obscurity and in all honesty, fear from the general public. It was the first time in history that a non-tangible item existed that had value and power. 

It became popular because it represented a decentralized option for the public to buy and sell goods. 

By 2013, Bitcoin became more recognizable and crossed the $1,000 mark. This drew attention from the media and more traditional investors globally. 

Since then, BTC has continued to evolve and has been the blueprint for all other cryptocurrencies. 

As of today, Bitcoin’s value has had its ups and downs, but for some of the world’s biggest investors, it is the best investment to make.

According to Craig Deutsch, Bitcoin’s main value doesn’t come from its monetary price, but rather what it represents. A decentralized currency that gives the power to its holder. 

The holder is YOU! 

This is what sets Bitcoin apart. It is “seizure resistant” as it’s not kept in a traditional bank. Additionally, since users can pick how they want to store their Bitcoin, with many different options of wallets, its security is in the control of its owners. 

Safeguarding Your Bitcoin Investment: Understanding Cold Storage

Once you have chosen to invest in Bitcoin, as you recognize the long-term investment benefits there are, you need to decide where to store this virtual asset. 

When it comes to storing crypto, you have as many options out there as you do for buying coins. 

You can use hot wallets, which rely on internet databases and, therefore can be hacked or, cold wallets, which do not rely on the internet. This means that they are unhackable and impossible for anyone to take from you. 

Material Bitcoin offers a cold wallet where all of your Bitcoin can be guarded and stored on a steel plate. 

You can physically hold your private keys and seed phrases in your hand, providing the utmost protection for your valued investment. 

Buying Bitcoin  FAQ 

Is Investing in Bitcoin Worthwhile in the Long Run?

• As with many other goods throughout history, BTC fluctuates, but as time goes on it is obvious that cryptocurrencies are here to stay and that Bitcoin is the most stable option out of the other coins available. 

Bitcoin’s Value in the Next Decade: What to Expect?

• According to Senior analyst Nicholas Sciberras from Collective Shift, he says: “Looking into 2024 and beyond, I’m personally very long-term bullish on Bitcoin” – meaning due to inflation, the US government needing to print more money, and the potential for Bitcoin ETF approval, he sees nothing but Bitcoin taking charge!

Becoming a Bitcoin Millionaire

• We all want the magic recipe to become rich. Unfortunately, there is no right answer. Our only advice on the matter? START INVESTING! Invest early and often. Take Heather Delaney as an example of Bitcoin success. She started investing with only £5 and now has grown her wealth by over 500%. She says that “Bitcoin is a long-term investment…it is part of my pension plan”. 

Bitcoin in 20 Years: A Worthwhile Investment?

• According to Telegaon, bitcoin could trade at $175,109.22 in 2030, and more than double by 2040 to a potential average of $353,429.23. The website’s Bitcoin price prediction for 2050 suggested BTC could hit $646,234.22. 

SO YES…if this is any indication, it is a very worthwhile investment!

Stability, Growth, and Secure Investment with Material Bitcoin

Bitcoin, with its turbulent but fascinating history, stands out as not just a pioneer but also as the most stable option in the ever-evolving world of cryptocurrencies.

For those looking to start investing, buying BTC is a great option, supported by many analyses and specialists in the field. 

Material Bitcoin is here to offer a reliable solution for safeguarding your digital assets. 

By choosing Material Bitcoin for cold storage, you can confidently navigate the dynamic world of cryptocurrency.