What Will Become Of Bitcoin And Other Cryptocurrencies In 2022?
Among the two major events that occurred globally last year was a virus and the massive rise of bitcoin (cryptocurrency).
Bitcoin gained huge popularity plus users in 2020 and 2021. The price moved from $9,500 in January 2020 to about $29,000 by December 2020.
Where are now in December 2021, price of bitcoin is over $50,000. By the way it almost reached $70,000 last months.
Few months ago, the government of a Central America country officially adopted bitcoin as it national currency.
Top global experts in finance has predicted that 2022 will witness increase in crypto usage and adoption.
With the explosive interests NFT and Metaverse is getting globally and is expected to keep rising into the new year.
Bitcoin and Ethereum are already playing major roles in NFTs and Metaverse transactions.
The question at this point is:
How does this benefit you?
How does all this information make you money?
That's exactly what you're about to discover.
With the increase of usage comes increase in demand of this cryptocurrencies.
Bitcoin and couple of other cryptos has limited supply. As a result their price value increases the more demand exceeds supply.
Due to coming Christmas and new year festivities price of some cryptos are down right now.
This means that now is the proper time to buy couple of them (bitcoin, ethereum ...etc) for holding.
This the simplest way to make money from crypto. You buy when the price is low and sell when price is high.
Buy as much as you can afford and hold waiting and monitoring for when the price goes up.
Bear in mind that price might remain low for some weeks or even months therefore do not use money you might be needing to execute something urgent to do this.
Because you can not really predict when the price of any crypto will go up.
