Start Here - Investing in Cryptocurrencies
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Bitcoin reached its first all-time high on November 29, 2013, when it was valued at $1,137. Since then it has experienced various highs and lows, but 2017 is certainly shaping up to be the year of bitcoin.
If you’re still asking yourself “why invest in bitcoin?” perhaps consider this. With the rising price of the cryptocurrency over the last couple of years, bitcoin has begun rivalling safe-haven assets, such as gold and silver.
Chris Burniske, blockchain products lead with ARK Investment Management, in an interview with CoinDesk, said that global supply of the yellow metal has “clandestinely increased” one-to-two percent over the last 100 years or so.
“If you were to ask people what gold’s supply schedule looks like over time, they probably wouldn’t draw you something that looks like an exponential curve,” he said. “With gold being sneakily inflationary, it’s not set up to preserve value in the way that bitcoin is.” Interested?
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