Bitcoin is still a new technology. It is counted at the beginning of the road according to other investment vehicles.
We can think of it like the first years of the gold mine. Bitcoin is the gold mine of the age we are in.
I believe that it will gain much more value in the future. Yes, bitcoin is a good investment tool.
I think long term thinking will be helpful when investing in bitcoin.
yes we can also hope that in future the value of the bitcoin will increase more and more because the number of bitcoin users are increasing continuously that is why the demand of bitcoin is increasing which is also causing the price of bitcoin to increase.
People believe that if 21 mil total of BTC will be released, then the btc price will constantly rise because of higher and higher demand, and lower supply.
And that is true, but it is going to happen if most of the people using cryptos will stick to BTC.
Not only the supply will go lower, but the number of bitcoins in circulation will decrease as well. Everyday, people die and one of them might be a bitcoin user that holds thousands of bitcoins. Of course, today we don't feel it yet. But after all the BTC was mined, it's just a matter of time until we realize that there are much less coins in circulation, thus, bitcoin will even be more volatile.
But of course not everyone's going to use bitcoin alone. There are other substitutes for bitcoin so I don't really mind all of these stuffs. It's easy to find a way out in case something big goes in the way of bitcoins.