Post
Topic
Board Economics
Re: The Reason Bitcoin Investment will be preferred more than Oil
by
lixer
on 21/05/2021, 14:14:17 UTC
Bitcoin will be above most of the commodities or oil that we see around today. The rate for the increase is an evidence. Also gold won't be compared to bitcoin. Bitcoin is used by many for many reason especially for wealth creation and they will keep going into the investment because they want more money. This is a factor that will make it to be fast growing and to be in increase . Storing it is profit, trading it is profit.
True and it will take a while to shift from real investments towards virtual investments, for people who wonder why not big investors are investing in BTC if it is such a good thing. You can see a lot of big names are already engaging in BTC and investing heavily but it will take some more time for more investors and traders to jump into the crypto market because let's be honest, it has been only 12 years or so since BTC first came into existence and still needs some time to get explored.

Investing in bitcoin would be better than oil. Because the value bitcoin brings quickly. The bitcoin market is expanding globally. Many countries are focusing on developing digital currencies. Bitcoin price is increasing strongly in 2021. While oil price is falling due to the impact of covid 19 pandemic. I am also interested in bitcoin more now.
That's correct and the BTC market is still relatively opportunistic as compared to a stable and saturated market like oil. The growth is much higher in BTC but the trust factor is what holds it back slightly.