As numerous high-profile investors are jumping onto the Bitcoin train, enthusiasm is growing across the board. Widespread investment means that many individuals fully believe that Bitcoin and rise astronomically in value within the next few months. Are they correct? Only time will tell. One thing’s for sure, a lot of experienced, skilled investors are seemingly convinced that Bitcoin has the potential to earn them a significant fortune.
If you’re looking to invest in Bitcoin for the first time, it always makes sense to rely upon the advice of an expert. Even if you have been investing for many years, new challenges apply to Bitcoin that you might not have encountered before in your past investments. With the help of a qualified, experienced financial expert, you can invest in Bitcoin with confidence.
Almost a Quarter of Goldman Sachs Clients Expect Tremendous Growth
According to Business Insider, 22% of Goldman Sachs clients have high expectations for Bitcoin within the next year. Bitcoin top research data suggests that these clients believe Bitcoin can exceed $100,000 in the next 12 months. Another 50% of Goldman Sachs clients believe the value of Bitcoin will remain somewhere between $40,000 and $100,000 in the next year. Whichever way you slice it, these savvy investors are clearly expecting a strong rise from Bitcoin over the next 12 months.
So what is driving this enthusiasm? The data shows that about 57% of investors believe that future growth will be fueled by institutional investing. We’ve already seen strong examples of this. Tesla, MasterCard, and MicroStrategy are just a few big names that have invested heavily in Bitcoin within the last little while. In February of 2021, Bitcoin exceeded the $1 trillion market capitalization threshold for the first time. This also saw the value of Bitcoin rise to $58,640 – its highest value ever. This means that in total, Bitcoin has a YTD growth rate of 63%.
New Challenges Ahead
The top Bitcoin research data also suggested some concerns about future challenges ahead. 34% of Goldman Sachs clients believe that regulation could impede future growth. 24% are primarily concerned about the lack of well-regulated and investible assets. These concerns are understandable, especially in light of statements by US Treasury Secretary Janet Yallen. Yallen called Bitcoin a “tool to launder the profits of online drug traffickers.”
How Can I Invest in Bitcoin?
If you want to invest in Bitcoin, it’s best to take a strategic, measured approach. In terms of proven, effective investment strategies, Charles Nenner is a clear example of someone who has carefully analyzed the growth of Bitcoin over the years. His investment system involves taking advantage of the cycles that Bitcoin has exhibited over the course of its history. If you want to invest in Bitcoin for the first time, you may want to learn more about these cycles and see what Charles Nenner has to offer. Check out his website if you’d like to learn more.