Bitcoin has now far surpassed the $50,000 mark and has already risen by over +100% in 2021 alone.
Reasonably, many are now asking themselves: Is it already too late to get in? And how much could one still earn with an investment in Bitcoin? We will answer these two questions in this article.
To understand whether it is too late to invest in Bitcoin, it is important to be able to answer the following question: What is the intrinsic value of Bitcoin?
This does not mean the price of Bitcoin, but the value that Bitcoin represents.
Many believe that the value of Bitcoin is digital gold. This is because Bitcoin has the same characteristics as gold, just in digital form:
If you look at these characteristics, Bitcoin could even be called "better" gold, as it is even simpler and smaller to divide and even easier to transport than gold.
When things get really interesting however, is when you realize just how valuable gold actually is: Gold is currently by far the asset with the largest market capitalization.
As can be seen in the graphic above, gold, with a market capitalization of around 12 trillion US dollars, is about six times more valuable than Apple, which is currently the second-largest asset.
Bitcoin is in eighth place with a market capitalization of about one trillion dollars - and if you believe in Bitcoin as digital gold, even a tenfold increase is quite possible with a now quite manageable risk.
After all, as the chart also proves, Bitcoin has long ceased to be dubious Internet play money and is increasingly establishing itself as a genuine gold alternative.
Large, publicly traded companies such as MicroStrategy, Square or even Tesla have already invested a lot of money in Bitcoin, and it is rumored that some other large companies are just about to enter Bitcoin as well.
Thus, it is becoming more and more likely that Bitcoin will actually establish itself as digital gold - and that it is only a matter of time.
While Bitcoin has already seen a sharp rise in 2021, we are far from the end of this development.
And if you want to get your slice of the cake, you can buy Bitcoin on Cake DeFi here.
With us, you can buy bitcoin safely and easily - and optionally even get up to 7.5% annual returns on your investment. For a limited time, you'll even get $20 free when you make your first investment of $50 or more. So register your free account with Cake DeFi today and get $20 free!