Advantages of Bitcoin
Profitable: According to certified financial analyst and CEO of "Hackman Wealth Partners" Russell Hackman, "Bitcoin rose from its low of around $17,000 per Bitcoin at the end of 2022 to over $100,000 currently". He added, "Even with all the volatility, Bitcoin investors have been able to make a lot of profit over time". Despite the fluctuations, those who held Bitcoin for long periods often achieve remarkable returns compared to traditional investments, according to the Nasdaq index platform.
Digital Gold: Hackman said that Bitcoin is often compared to gold because its supply is limited; there will only be 21 million coins, which distinguishes it from fiat currencies like the dollar that can lose value when governments print more money.
Disadvantages
Volatile: The fluctuations of Bitcoin make it unsuitable for conservative investors.
Encourages risky speculation.
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