Just like stocks, mutual funds, government schemes, land or gold, Bitcoin can be considered as a good investment option. It’s the volatility in its rising and falling prices in the current market that makes it possible to return heavy profits on investment but can also bring huge losses and you can lose your entire funds overnight. This gives Bitcoin the necessary potential to be called a super investment. If you want to learn more about this digital coin, you can easily visit https://brexitmillionaire.org/ and do extensive research or invest in it.

On 20th November 2015, the cost of one Bitcoin was $327, today, it’s more than $21,000. That’s a percentage return on investment of more than 6,400%. On the other hand, it was $64,000 in November of 2021, which is the highest value of bitcoin still now. But, bitcoin is highly volatile. We have seen that it was crashed several times in the last few years. Blindly investing in any cryptocurrency, even BItcoin for that matter is a huge gamble, so instead, it is preferred by expert and experienced traders to enter this market with thorough research and a proper plan of action.

Super investment

Super investment is essentially an investment of a large amount of money which a person makes for their long-term future, more commonly, for their retirement benefits. Mostly, people like to make a super investment in stocks, land or government schemes that are known to yield high returns on their investment, which they can further use during their retirement days to run their family. 

Thorough research and a detailed study are required before a person can make a decision to start a super investment for their future. The proper outline, if any, for a super investment should consist of the following features:

• Even if the investment is expected to give a lower rate of growth, it should be taken into account that a super investment should be a low-risk investment for a relatively long term. So, you can use bitcoin as a super investment option, but you should not invest your entire savings on this crypto. 

• Since it is going to be a long-term investment, one, that can offer tax benefits should be given priority. This is so that the return after the period of investment can have old age concession benefits and a greater amount of return can be enjoyed at maturity.

• It is better to have all the eggs in different baskets, i.e a diversified investment is preferable since it can ensure the security of the money being invested. There are other crypto currencies available and you can add such contracts, coins or tokens to your portfolio to diversify your investment profile.

• The full advantage of compounding should be taken, as this is going to be an investment for a very long period of time and hence compounding here can yield a much larger amount than earlier invested.

• Be it a long-term investment, it should come with the least amount of penalties, if the investment is withdrawn in the unlikely event of an unforeseen crisis. This one particular feature is not offered generally and should be well checked before investing.

Bitcoin as a super-investment

Considering the largely outlined features of a super investment, Bitcoin does have the potential to be one. Due to its characteristic of being decentralized, it shows the potential of becoming a worldwide unified currency, and in that case, it’s going to offer unimaginably high return percentages.

Yes, Bitcoin is known to be volatile and scary from an investment point of view, but considering the huge investments it has given to people all around the world, its volatility is now perceived as its strength. There is no higher authority that controls it in part or whole, its regulation is not possible and eradicates the most fearsome factor of all, which is the human factor.

Conclusion

It is true that many people have become rich, especially those who have invested at the early stage of bitcoin inception. But it is volatile and you can lose your funds if you cannot predict the price of bitcoin in future. So, knowing the current trends, previous records and doing some search on bitcoin ecosystem is very important. You can consider it as super investment and get a good return if you hold your coins for a longer period of time.