Re: Why Bitcoin is a Good Investment?

Hello James,

I think there are a lot of opinions here. I can give you 2 facts that will help you make a decision.

Bitcoin has a limited supply, there will only ever be 21 million coins... so if lots of people want them, they become very valuable. When the US government needs more Dollars, they will print more... by printing more, they decrease the individual value of each dollar, this produces "inflation". What would happen if they couldn't print more dollars? Instead of being an "inflationary" currency the US Dollar would be "deflationary" which means that rather than each dollar losing its value over time... each dollar would increase in value over time. This is how Bitcoin is designed, to be deflationary by having a very limited supply, and since there is a limited supply it is very likely to continue to have increasing value over time.
Alternative coins have become popular as well. These are similar to Bitcoin but have different uses. The interesting part for your question is that in order to buy these "alt coins" many of them require that you use Bitcoin to trade them. This is called a trading pair. Bitcoin is the most popular trading pair which makes it an entry point for many investors looking to buy into other coins in the market. This utility helps keep the market liquid and active, worth noting that it may not always be this way in the future.

Continue to do your research so you can ask increasingly better questions. I hope that was helpful!

If you want a more detailed rundown on what makes Bitcoin so popular and valuable this guide can be helpful.

https://www.upfolio.com/ultimate-bitcoin-guide