Bitcoin has faced some struggles recently, evident from its sharp slide (from $75,750 in March to $60,280 in June). However, this is definitely not the first of its kind. Owing to Bitcoin’s previous reactions to market volatility, it is safe to say there’s still hope for a crypto turnaround.
Why you should buy Bitcoin today
Don’t let the outside noise fool you. With the recent halving of Bitcoin mining rewards, a capped lifetime supply, and new exchange-traded funds (ETFs) making it more accessible than ever, here are some strong reasons to consider buying now.
Post-Halving Price Increase
Bitcoin’s halving events have historically driven significant price appreciation. These events reduce the rate at which new bitcoins are created, leading to a supply squeeze that typically boosts prices. The price surge isn’t immediate; the next cyclical peak usually appears between 12 and 18 months later. Bitcoin prices may fluctuate over the summer before rising in the fall, winter, and spring. While precise timing is unpredictable, the overall pattern is reliable.
This trend has repeated in past cycles, with notable price increases occurring several months to a year and a half after each halving. The next major bull run is likely to be imminent. Although the exact peak of this halving cycle is uncertain, it should surpass the approximately $64,400 high of the 2020–2024 cycle.
Institutional Investors Are Coming
Introducing the first spot of ETFs in February 2024 marked a significant milestone for Bitcoin. These ETFs provide institutional investors a straightforward way to gain Bitcoin’s exposure, potentially leading to a substantial influx of capital into the market. Additionally, ordinary investors can now access spot ETFs like the iShares Bitcoin Trust (NASDAQ: IBIT) and Fidelity Wise Origin Bitcoin Fund (NYSEMKT: FBTC) in standard retirement accounts.
This institutional interest can drive demand and prices higher over time. So far, the new ETFs have absorbed about $50 billion in direct holdings, approximately 4% of the total Bitcoin market.
Bitcoin’s Built-In Scarcity
Bitcoin is unique because it has a fixed supply cap of 21 million coins, a number set in stone. This hard cap makes it one of the few assets with a truly limited supply.
Growth investor Cathie Wood has noted that the rate of new bitcoin creation is now slower than the rate at which physical gold supplies are increasing. As demand for Bitcoin continues to climb while its total supply remains fixed, basic economic principles suggest that prices will rise over the long term. It’s like owning a piece of digital gold, a goal explicitly outlined in Bitcoin’s original design documents by the mysterious Satoshi Nakamoto in 2009.
How to Buy Bitcoin with Jackocoins
Jackocoins offers a secure and user-friendly platform to purchase crypto. Here’s how you can use Jackocoins to buy Bitcoin:
- Create an Account: Sign up on the Jackocoins platform and complete the verification process.
- Deposit Funds: Add funds to your Jackocoins account with zero deposit fees.
- Secure Wallet: Use Jackocoins’ secure crypto wallet to store your crypto and other cryptocurrencies safely.
- Buy Bitcoin: Navigate to the Bitcoin trading section and purchase your coins at high rates with zero transaction fees.
- Monitor and Manage: Use the Jackocoins app to monitor your crypto holdings and make transactions easily.
With Jackocoins, you can seamlessly buy Bitcoin while enjoying high rates, zero transaction fees, and the security of a trusted crypto wallet. Start investing in crypto today and benefit from its built-in scarcity and long-term potential.
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