- Newly created digital currency is a different asset class in itself, it has been here for only a decade and yet shown wide popularity among the entire world population. and at the moment it is under a correction as we speak.
Even though with high popularity I wouldn’t just invest solely based on that, A lot of factors have been missing not to mention the lack of history, It is also not known, the very existence of the creator of Bitcoin itself. There is a lot of misunderstanding and misconceptions in knowing the digital currency and How it works, With it, the Public spread rumors.
As far as technical analysis goes, Bitcoin is one of the assets that have made many millionaires overnight not to mention many have a lot of money too -It is a Highly risky Asset, if not properly managed.
Investors with great capital and can Handle the Volatile Pressure of the Market can surely invest in Bitcoin and maybe in some other cryptocurrencies as well. Bitcoin and other various cryptocurrencies could do well for another decades time. A longer-term investment is needed to get maximum returns.