The Buzz Around Bitcoin: Why 2022 May Be The Year to Invest Story

Cryptocurrencies continue to increase in popularity, with Bitcoin firmly leading the charge. The buzz around Bitcoin has peaked many investors' interests in the last few years. This article covers why investors should look to Bitcoin in 2022 and beyond.

Bitcoin was the first cryptocurrency to ever appear on the scene. It was introduced to the public in 2009 by an unknown group called Nakamoto. The hope was to create an entirely digital payment method free of any physical exchange.

It is a fully decentralized cryptocurrency operating outside a person’s or group’s control. Like all cryptocurrencies, the Bitcoin network exists on a blockchain. This blockchain verifies each coin minted. Virtual currency cannot be reproduced.

Why Invest in Bitcoin in 2022?

As the original cryptocurrency, Bitcoin has the most significant following and is becoming more popular as a payment source. Over 15,000 businesses now accept the currency as legal tender, including big names like Microsoft and AT&T.

High Market Capitalization

Alongside ever-increasing popularity, Bitcoin's market capitalization is higher than the following nine coins combined. Its massive size shows how well-established the currency is and speaks to some level of stability.

Experts Predict Long-term Price to Go Up

Bitcoin had a tumultuous 2021, seeing two significant rises and two similar-sized drops. It reached an all-time high of $67,500 in November and has struggled to recover.

Even so, many experts believe the coin will climb to over $100,000 soon. While no one is willing to establish a timeline for this feat, most speculate that Bitcoin will achieve these record highs this year.

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