Profitable: According to certified financial analyst and head of "Hackman Wealth Partners" Russell Hackman, "Bitcoin has risen from its lowest point of around $17,000 per Bitcoin at the end of 2022 to over $100,000 currently."
He added, "Even with all the volatility, Bitcoin investors have managed to make a lot over time." Despite the fluctuations, those who held$BTC Bitcoin for long periods often achieve amazing 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 ever be 21 million coins, which distinguishes it from fiat currencies like the dollar that can lose value when governments print more money.
Negatives
Volatile: Bitcoin's volatility makes it unsuitable for conservative investors.
Encourages risky speculation