A $100,000 Bitcoin could profoundly affect individuals, influencing early investors' wealth and prompting new adopters to manage risks with strategies such as buy-and-hold, dollar-cost averaging, hedging, and diversification.

The meteoric rise of Bitcoin created millionaires and billionaires on its rise to an astonishing price of $68,530 in November 2021. As of February 15, 2024, it's trading at around $52,000, with a market cap 

If Bitcoin keeps climbing and hits that elusive six-figure mark, what would it mean for finance, technology and society? This article will explore the potential scenarios and implications of a $100,000 Bitcoin and consider the factors that could drive or slow its growth, as well as the potential challenges and opportunities.

The $100K Scenario: Feasibility and Timeline

, Bitcoin could reach an all-time high again in the fourth quarter of 2024. A thawing “crypto winter” could

 propel Bitcoin's price to $100,000, based on the following factors: 

Based on historical price movements, BTC halving cycles and other factors, analysts predict that Bitcoin could reach $100,000 or more by late 2024 or early 2025. One common reference point is the next 

, expected around April 2024. This event will cut miners' block rewards from 6.25 to 3.125 bitcoins, causing a supply shock that boosts Bitcoin's scarcity and value. History has shown that Bitcoin tends to surge in price before and after each halving, often hitting new highs within a year. 

Upcoming Events That Could Cause a BTC Price Surge

Some of the possible catalysts that could propel Bitcoin to new highs in the future include the following.

Impact on Individuals and the Global Economy at $100K/BTC

Let’s take a look at the implications of Bitcoin reaching $100,000.

Impact on Early Investors and New Adopters

A $100K Bitcoin would have different impacts on early investors and new adopters, depending upon their goals, strategies and risk profiles. 

Strategies used to trade and invest in Bitcoin will vary, depending upon investor needs and time horizons. Following are a few common strategies.

Individual needs and circumstances determine the impact on financial planning. For some, this could mean achieving early retirement, financial independence or fulfilling their lifelong dreams. For others, it might mean having more savings to support their families and communities. 

If an investor’s portfolio has grown, a plan to rebalance it and sell concentrated positions may be necessary. In general, be careful not to let emotions cloud your judgment, and try to make rational and educated choices about your finances.

Impact on Traditional Financial Systems and Institutions

A potential rise in Bitcoin's value to $100,000 could lead to further excitement and adoption of crypto assets, especially among those who wish to avoid government censorship. However, this shift could also create significant challenges related to consumer protection and financial safety. Governments are still figuring out how to tax and regulate crypto effectively while protecting consumers who are in essence becoming their own banks by holding Bitcoin. 

Achieving such a significant milestone could spark a wave of innovation and competition within the financial industry. Established intermediaries like banks and payment systems may face increasing pressure to provide more on- and off-ramps for Bitcoin. Results could include declining transaction costs, improved speed and efficiency of financial transactions, and new opportunities for financial inclusion and cross-border payments. Still, this surge of innovation may also bring new risks, such as regulatory uncertainties and funding mismatches, because traditional payments lag in speed.

In anticipation of such developments, authorities may consider regulations to rein in or endorse crypto assets. Some governments might opt for restrictive measures, citing concerns over financial stability or consumer protections. Conversely, others might explore developing or adopting state-backed digital currencies to compete with or complement existing crypto assets. For example, certain central banks are exploring the feasibility of issuing their own digital currencies, seeking to combine the benefits of digitization with the trust and oversight associated with the public sector.

Implications for International Trade and Global Currency Markets

With more consumer wealth tied up in Bitcoin, demand for it could increase as a medium of exchange for bigger ticket items like real estate or international trade. This shift could lower fees for international transactions while making real-time payments possible.

Operating independently of any governing authority, Bitcoin has limited supply that shields it from inflation, devaluation or manipulation by any single entity. It may attract individuals seeking to evade censorship or central authority on transactions. 

A $100,000 Bitcoin could introduce new dynamics to the foreign exchange market, generating fresh sources of demand and supply for various currencies. For instance, increased BTC usage for cross-border transactions would necessitate conversions between fiat and digital currencies. This phenomenon could impact exchange rates and the availability of on- and off-ramps for Bitcoin.

Bitcoin's emergence has also spurred innovation and competition within the financial sector, driving the development and adoption of new technologies and services to enhance the efficiency and accessibility of financial systems. The world’s foremost digital currency has also facilitated the rise of alternative financial service providers and platforms offering 

 lending, remittances and crowdfunding, potentially reducing transaction costs while enhancing speed and convenience.

The road to the top can be slick, and Bitcoin faces challenges and risks that could impact its price, adoption and sustainability. 

A $100,000 Bitcoin valuation could shake up crypto asset markets and highlight its place as 

 and a store of value. A substantial rise in BTC’s worth could validate Bitcoin’s role as a store of value, easier and more convenient to transact than commodities such as gold.

However, reaching a valuation of $100,000 isn’t guaranteed, and comes with its own risks and challenges. Regulation and scalability could limit its growth, and its volatility could also impact its investability. Additionally, Bitcoin faces competition from other crypto assets and technologies that may offer alternative solutions.

The future of Bitcoin is uncertain — yet also exciting and promising. Bitcoin could become a global reserve currency, a digital gold, a catalyst for change or a tenured relic. Whatever change occurs, the question remains: Are you ready for it?

Beginner

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What If a Bitcoin Were Worth $100K?

When choosing the best Bitcoin IRA, there are two main factors to consider: your knowledge of crypto, and the features you value most in a retirement product. 

Ensuring financial security in retirement is an aspiration for just about any individual. At the same time, achieving security in your silver years takes careful investment planning and choices. Over the last few years, crypto asset and 

 (BTC) have begun playing a key role in retirement planning schemes. A number of Bitcoin-based individual retirement accounts (IRAs) have arrived on the market, broadening options for retirement-focused investors.

The first crypto IRAs appeared in 2016, offering crypto asset as a legitimate asset for investment. While the leading 

 on the market feature a wide variety of crypto coins on offer, Bitcoin remains by far the most popular option. First, compared to 

, Bitcoin benefits from its leadership position and higher levels of trust enjoyed in the market. Its popularity surged notably after the Securities and Exchange Commission (SEC) granted 

 in early January 2024. Secondly, it offers liquidity levels unmatched by other leading cryptos. Finally, Bitcoin’s volatility is known to be at least somewhat lower compared to Ethereum (ETH) and other large-cap crypto coins.

Given all these factors, it’s no wonder that Bitcoin remains vastly more popular for IRA products than any other crypto asset and that, in nearly all cases, crypto IRA providers have a Bitcoin IRA on offer.

In this review, we’re taking a closer look at the best Bitcoin IRA products in 2024 — leaders in their own categories that can aid you in your retirement planning goals.

IRA investment opportunities based on Bitcoin are now a fast-growing area within the financial planning industry. By 2024, few serious retirement investors would dismiss Bitcoin, at least as a potential option, for their IRAs. High growth potential, diversification benefits and, under some circumstances, capital gains tax exemptions — all of these advantages come with including Bitcoin in your IRA.

So, which Bitcoin IRAs on the market suit your retirement investment goals? The answer depends upon what you specifically value in an investment product, and your level of expertise with crypto, among other factors.

It should also be noted that most of the leading Bitcoin IRA companies offer both standard and Roth IRAs. These two types of IRA products differ somewhat in the way your contributions and withdrawals are treated in terms of taxation. Standard IRAs allow you to make tax-deductible contributions, while your retirement withdrawals are taxable. In contrast, Roth IRA contributions aren’t tax-deductible as they are created with after-tax dollars, but retirement withdrawals are tax-free.

With these considerations in mind, we’ve decided to look at a number of critical areas for investors when evaluating the best Bitcoin IRA products — security, fees, investor experience, self-directed investment opportunities and beginner-friendly features.

When it comes to the best overall Bitcoin IRA product, few providers on the market can match the aptly named 

™ — America’s first crypto asset-focused retirement investment company. Its crypto IRA platform was launched in 2016, and over the years has built upon its first-mover advantage in the market. It’s by far the most popular Bitcoin IRA product chosen by retirement investors.

While the other providers we cover below have particular strengths in specific areas, Bitcoin IRA shines thanks to its optimal balance of security, fees, time in the market, insurance options, ease of use and trading flexibility.

Bitcoin IRA offers a flexible trading platform that’s open 24/7. It also features generous insurance coverage of up to $700 million — the highest limit among the leading Bitcoin IRA products. In addition, the minimum investment requirement of $3,000 at Bitcoin IRA is also relatively modest. For an established provider of this scale, that’s a highly reasonable requirement.

Bitcoin IRA’s security features are also top-notch. The company has partnered with BitGo, the world’s leading Bitcoin transaction processor, to hold client funds in secure 

 using military-grade, multi-key protection features.

Bitcoin IRA’s transaction fees aren’t the lowest in the market, although they’re still reasonable for the most trusted crypto IRA provider on the block. The standard fee applicable per transaction is 2%, and there’s a one-time initial deposit fee of between 0.99% and 4.99%, depending upon the amount invested.

Bitcoin IRAs are an emerging area, so for many investors these products are still a novelty. That's why a product in this niche must be as beginner-friendly as possible. Among Bitcoin IRA providers, 

 has caught our eye with its simplified platform and fee structure — precisely what a newbie to the Bitcoin IRA field needs

iTrust offers a simple flat fee of 1% on all transactions. No other charges are involved — no deposit fees, no monthly account-keeping fees or any other fee varieties other providers like to pepper their products with. You just pay 1% on any transaction without having to worry about incurring any hidden charges. For beginners, this is an ideal setup.

The only other fee that Bitcoin IRA investors might incur at iTrust is the $75 charge to convert a standard IRA to a Roth IRA.

iTrust’s minimum investment requirement is also very low — only $1,000. For many beginning investors, the ability to start out with as little capital commitment as possible is critical. In that respect, iTrust’s modest requirement of just $1,000 is a great beginner-friendly feature.

The security of your investment funds is a crucial consideration when choosing a Bitcoin IRA. Low fees and flexibility of trading won’t be of much help if your Bitcoin holdings are compromised due to a 

. To be fair to the companies in our review, they all employ multiple measures to protect client funds.

However, among the leading Bitcoin IRA providers, one stands out with a particular focus on security — 

 is among the older providers in the Bitcoin IRA field. Established in 2017, this company has taken client funds’ security to a completely new level.

BitIRA uses multiple measures to ensure that even the most persistent and well-resourced Bitcoin hackers won’t be able to get anywhere close to your digital retirement funds. First, BitIRA has partnered with Ledger Enterprise, one of the world’s leading digital asset storage specialists, to implement multi-signature authorization for crypto asset storage and access. The keys for access to clients’ Bitcoin are held on multiple devices in a decentralized way to ensure that an individual point of failure doesn’t jeopardize the overall security of your funds.

Secondly, BitIRA implements so-called “end-to-end” protection for client funds. With end-to-end insurance, your investment is protected at all stages and in all states of the funds’ lifecycle, be it purchase, storage or any point of transfer.

Finally, BitIRA fund storage practices are regularly audited by third parties to ensure adherence to SOC 2 Type 2 certification standards. Companies serious about security and protection choose to implement SOC 2 Type 2 certification, a set of rigorous practices and internal controls to ensure the security, integrity and confidentiality of data or assets.

With a fee of just 0.5% per trade, California-based 

 offers the lowest fees among Bitcoin IRA providers — and this crypto IRA company doesn’t charge account-keeping or deposit fees, either. If you’re after the lowest possible transaction fees, look no further than BlockMint.

As an alternative to the 0.5% fee, the company also offers an entirely commission-free account for a yearly fixed charge of $499. Thus, if you prefer to make frequent trades, you might choose this option to further minimize costs.

BlockMint's Bitcoin IRA also features generous $600 million insurance protection, along with military-grade cold storage of your funds. When you open an account, you’re assigned a personal agent to assist with your inquiries — always a great feature for Bitcoin IRA products, given their relatively novel nature.

Best Investor Experience — Equity Trust

 is one of the oldest providers of IRA, Roth IRA and other investment products to individuals and businesses. Over the last few years, this established retirement investment company has developed comprehensive crypto and Bitcoin IRA products, leveraging its multi-decade experience.

Whether you’re after a Bitcoin-based IRA or Roth IRA, Equity Trust has unmatched variety, thanks to its integrated platform with multiple crypto IRA providers. By buying a Bitcoin IRA with Equity Trust, you’ll get to enjoy both the robust security of the Equity Trust platform and the expertise and service of its providers.

Thanks to the company’s deep expertise in the retirement investment field and a wide variety of accounts and assets on offer, you’re given an unprecedented choice of various investment options. In addition to Bitcoin and crypto, Equity Trust offers investments in mutual funds and stocks, as well as alternative investments in the areas of precious metals, real estate, private equity and more. This provider truly stands out in terms of the investor experience, from choice of investment options to the guidance you receive throughout the whole onboarding process.

Equity Trust isn’t among the cheapest Bitcoin IRA companies. You’ll have to pay a certain premium for the privilege of having an excellent investor experience. Annual fees on your Bitcoin IRA or Roth IRA product will depend upon the overall size of the portfolio you maintain with the company. The lowest yearly fee is $225, for accounts under $15,000. This cost goes up on a sliding scale, with the highest fee set at $2,250 for accounts above $2 million. There’s also a one-time account opening fee of $50.

Best for Self-Directed Investment — Broad Financial

Traditional IRA and Roth IRA accounts have typically been restricted to investments in tightly regulated assets — usually stocks, bonds, mutual funds and 

. Self-directed IRAs (SDIRAs) allow investors to access alternative investment assets, including crypto assets. In that respect, all Bitcoin IRA and Roth IRA products are classified as self-directed accounts. However, the degree of freedom you get in terms of structuring your investments in an SDIRA account varies with different providers. 

 in terms of both the freedom and flexibility of your self-directed investments under a Bitcoin IRA or Roth IRA. Broad Financial's Bitcoin IRA Trust gives you complete freedom in terms of allocating and mixing different asset classes. In addition to Bitcoin and other crypto assets, you can include a wide range of other assets, including real estate, private equity, private lending options like mortgages, and even precious metals.

Unlike most other providers, Broad Financial gives you the ability to conduct transactions using a checkbook linked to your IRA or Roth IRA account. If the freedom to make your own choices under a Bitcoin IRA is important to your investment planning, Broad Financial is the optimal provider out of the main options available on the market.

The company doesn't charge transaction fees for its IRA or Roth IRA accounts. However, a $1,195 initial account setup fee and a $420 annual maintenance fee are involved.

The ultimate choice for your preferred Bitcoin IRA or Roth IRA will depend upon what features and characteristics you value most in a retirement product. If you’re a beginner making initial steps in the world of Bitcoin and retirement investment, we suggest iTrustCapital’s user-friendly platform that features a simple, straightforward fee structure, no hidden charges, and a modest initial investment of just $1,000.

If safeguarding your investment is your top priority, BitIRA’s comprehensive protection mechanism is for you. On the other hand, for those interested in the lowest fees possible, it’s hard to ignore BlockMint’s 0.5% transaction fee with no other charges involved.

If an optimal investor experience and diverse choices are your priorities, the Equity Trust platform is worth considering, while for investors who prioritize freedom in directing their investments and appreciate the convenience of a checkbook option, Broad Financial is the top pick.

Finally, Bitcoin IRA is a great choice for those without a specific preference who seek a well-rounded product with balanced features across all categories.

Bitcoin IRAs: Frequently Asked Questions (FAQs)

Bitcoin IRAs are a form of self-directed IRA retirement account that allows you to invest in either Bitcoin or a mix of Bitcoin and other assets. Depending upon the rules applicable to the account, you might be able to hold only Bitcoin, or a combination of Bitcoin and other crypto assets under your IRA. Moreover, some providers allow you to mix different classes of alternative investments under the same IRA or Roth IRA. Using these products, you can combine Bitcoin investments with other asset types like real estate, private equity, precious metals and more.

IRA accounts, including Bitcoin IRAs, allow you to make tax-deductible contributions to the limit of $7,000 per year if you’re under 50 years old, or $8,000 if you’re 50 or older. When you reach the age of 59½, you can withdraw from your IRA account without any restrictions. Any withdrawals you make are taxable.

Roth IRAs work differently from standard IRAs. Contributions to Roth IRA accounts, including Bitcoin Roth IRAs, aren't tax-deductible, but withdrawals from these accounts in retirement are tax-free.

Bitcoin IRAs offer several advantages over IRAs made up of traditional asset classes like stocks, bonds or mutual funds. You might consider opening a Bitcoin IRA, based on the following factors.

1. A Bitcoin IRA might generate a higher rate of return than a traditional IRA. While Bitcoin is known for its volatility, it's also an asset with considerably 

 than the stock market or other traditional investment options. The chart below shows the growth rates for Bitcoin and the Vanguard 500 Index Fund ETF (VOO), a leading fund product that closely tracks the stock market's primary index, the S&P 500. Growth rates shown are for the last five years. The results clearly indicate that in four out of the five years, Bitcoin has beaten the stock market in terms of returns, typically by a wide margin.

2. A Bitcoin IRA can be an excellent way to diversify your retirement portfolio. Many individuals have an overreliance on stocks, mutual funds and ETFs in their portfolios. Diversifying such portfolios with Bitcoin can be a great way to protect against stock market shocks, as Bitcoin is typically uncorrelated or weakly correlated with traditional financial asset classes. That being said, with the recent SEC approval of Bitcoin Spot ETFs in early January 2023, 

 can be another great alternative to invest in.

3. Using a Bitcoin Roth IRA can help you avoid capital gains taxes. If you sell Bitcoin and realize a gain, you’re normally liable to pay the capital gains tax. However, since any investment in a Roth IRA is made with after-tax dollars, your capital gain, in this case, is free from taxes.

Yes. Bitcoin IRAs are a totally legitimate product for retirement investment. While most IRA and Roth IRA providers on the market focus on traditional asset classes, some companies, including those we’ve included in our review above, offer Bitcoin-based IRA and Roth IRA accounts.

Any Bitcoin or crypto IRA or Roth IRA on the market falls under the definition of a self-directed account. Only some providers specialize in self-directed IRA products. The choice among these providers is much more limited as compared to that for traditional IRA companies. When evaluating a Bitcoin IRA provider, make sure that they’re authorized to offer self-directed investment options.

It’s safe to invest in a Bitcoin IRA If you choose a reputable provider with a solid track record on the market. Additionally, it's crucial to thoroughly research the practices and standards the provider uses to store your Bitcoin funds. Make sure that the company you choose employs high-grade cryptographic protection methods and utilizes safe cold storage options. Insurance limits and terms are also among the critical bits of information to become acquainted with.

What Is the Minimum Deposit for a Bitcoin IRA?

Minimum deposit amounts vary among different Bitcoin IRA providers. Typically, initial amounts at reputable providers range from about $1,000 to several thousand dollars. While some smaller providers may offer very low minimum deposits, perhaps as low as $10 to $50, some of these companies might have additional fees to offset the meager initial deposit amounts. Therefore, it's imperative that you study the complete fee schedule when selecting a Bitcoin IRA product. Low deposit requirements should be only one element in the overall selection process.

The fundamental taxation principles applicable to Bitcoin IRAs and Roth IRAs are similar to their traditional counterparts. Bitcoin IRAs can be funded with tax-deductible dollars, but your withdrawals will be taxed. In contrast, Bitcoin Roth IRAs are funded with after-tax dollars, making its withdrawals tax-free.

Bitcoin Roth IRAs can be a great investment vehicle to avoid the capital gains tax applicable to the sale of crypto asset. The United States Internal Revenue Service (IRS) has traditionally applied the 

 to any Bitcoin sale from which a gain is realized. However, any such sale under a Roth IRA account would be free from capital gains taxation, because Roth IRAs are funded with after-tax dollars. This specific benefit doesn’t apply to standard Bitcoin IRAs, as these accounts’ contributions are based on pre-tax funds.

Intermediate

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Best Bitcoin IRA Companies to Consider in 2024

You can invest in Bitcoin through various ways: Bitcoin mining, buying on crypto asset service providers or money transfer apps, Bitcoin ETFs and Bitcoin trusts.

By now, you’ve undoubtedly heard about Bitcoin and how it’s the next revolution in the world of money. Over the years, Bitcoin has been tried and tested, making it one of the 

Recently, there's been increased interest in Bitcoin, including on the part of institutional investors such as mutual fund issuers, major tech companies and financial firms incorporating this groundbreaking digital currency as part of their portfolios.

However, despite Bitcoin’s popularity, navigating the world of Bitcoin and other crypto assets can be tricky and hectic, especially for a beginner. In this article, we bring you helpful tips on how to invest in Bitcoin, and where you can find the best Bitcoin investing strategies.

 (BTC) is the world’s most popular virtual currency. As the first crypto asset to successfully enter the market (in 2009), Bitcoin immediately stood apart, since it doesn’t operate under mainstream finance controls. 

Instead, it uses a distributed and immutable public ledger powered by 

 to manage and track all transactions. Bitcoin is used to facilitate fast and cheap peer-to-peer (P2P) payments across the globe. It has also risen as a store of value, with investors buying the asset to trade or hold for the future. 

. With an internet connection, you can securely buy and sell Bitcoin from anywhere in the world.

Bitcoin, like all crypto assets, is a highly volatile asset — a high-risk, high-reward investment. Its price can fluctuate in minutes, leading to either big profits or huge losses. 

So, how much Bitcoin should a beginner invest?

 to keep your investment from turning into a minefield. Start by investing between 5% and 30% of your investment capital, with 5% as the safest and 30% on the riskier end. As you increase your risk tolerance, you may increase the investment range. However, a cardinal rule, as with any asset, is to invest only what you can afford to lose.

As we mentioned above, navigating the world of Bitcoin investing can be tricky and risky. Following are some tips you can apply to invest in Bitcoin strategically.

Following are seven of the best ways to invest in Bitcoin.

 is the process of creating new Bitcoins as a reward for completing the complex computational problems that validate Bitcoin transactions on its network. Put simply, individuals called miners compete to solve extremely complicated math problems to get a predetermined amount of Bitcoin, currently at 6.25 BTC per block. 

As a solo miner, you would require expensive computer hardware using copious amounts of electricity. Then you’ll have to contend with the ever-increasing mining difficulty, Bitcoin 

 and the low odds stacked against you — about 1 in 26 million. 

Even if you were successful at mining Bitcoin, there’s no guarantee it would be profitable in the end when you equate the reward to the costs you’ve incurred. This is especially true since Bitcoin mining rewards are reduced by half after approximately every four years in an event known as 

. The next Bitcoin halving, scheduled for April 2024, will bring the block reward down to 3.125 BTC.

For these reasons, Bitcoin mining has increasingly become less profitable, and may not be the best strategy for investing in Bitcoin. 

, however, is a viable way to reap rewards from Bitcoin without directly owning the asset.

Crypto asset exchanges provide the most straightforward way to buy Bitcoin. These platforms are popular because they’re cost-effective and easy to register with. They don’t charge hidden fees, and they offer a variety of extra security features, including online wallets to store your crypto.

Crypto asset exchanges are categorized into two types — centralized and decentralized. 

 (CEX) is the most common type that investors use to buy crypto. As a third-party platform, it helps you complete safe Bitcoin transactions, with stringent protocols in place to safeguard your holdings. A CEX’s simple and friendly interface allows you to use fiat currency to 

, making it a convenient and safe space for beginners.

 is one of the most popular and trustworthy centralized exchanges for Bitcoin transactions. The platform offers you the best prices in the market with triple-layer asset protection, advanced privacy and data protection. 

 (DEXs) cut out intermediaries to allow for peer-to-peer transactions. Users enjoy anonymity and more autonomy over their funds, less red tape and fewer regulations around transactions. These exchanges are less popular mostly because they are more complicated than CEXs. Users need to remember their account credentials and acquaint themselves with their platform’s operating style, or risk losing their holdings forever.

Bitcoin Trusts and Exchange-Traded Funds (ETFs)

Many investment companies are looking to meet their clients’ demands for crypto asset. One way they do so is through Bitcoin trusts, an easy way to get exposure to Bitcoin without directly owning it. 

Accredited investors who meet the set income and experience threshold can buy a limited number of private shares through brokerage or retirement accounts, but without the private key or other crypto asset service provider storage concerns. By buying through a trust, you rely on your brokerage to buy and manage your Bitcoin assets.

 is the most popular investment trust, with over $15 billion in assets under management as of September 2023. GBTC stores the actual Bitcoin, tracks the underlying price and trades its retail index on the open or over-the-counter market.

Another option that’s similar to a trust is an 

, or ETF. A Bitcoin ETF is a pool of investment funds that tracks Bitcoin’s price and can be bought or sold throughout the day. It offers beginners an easy, simple and cheaper way to add Bitcoin to their portfolios.

ETFs follow the price of Bitcoin, which means that when BTC fluctuates in value, they follow suit. However, they may deviate from the actual Bitcoin value due to various reasons such as market demand, trading volume and other market dynamics.

 that invest in futures are ProShares Bitcoin Strategy ETF (BITO), with over $1 billion in assets, and Evolve Bitcoin ETF (EBIT), with $76.17 million under management.

Whichever option you choose, you’ll find a safer and more convenient way to expand your portfolio with little to no effort.

For beginners who want to buy Bitcoin conveniently, money transfer apps like PayPal, MoneyGram and Cash App are great options. These platforms allow you to buy, sell and store Bitcoin. PayPal, for instance, lets you buy Bitcoin using your bank account, debit card or PayPal account balance.

 (or P2Ps) provide a venue where buyers and sellers can post their buy and sell orders. Many platforms may require you to create and verify your account before making a transaction.

You can initiate a trade once you choose your preferred offer and payment method. The seller sends the Bitcoin to the escrow account, and after receiving the fiat currency, the escrow account unlocks the Bitcoin and sends it to the buyer. Since P2P platforms connect buyers and sellers directly, you need to take 

For an even smoother Bitcoin trading experience, try out 

, which offers you more advertisers, third-party liquidity providers, competitive Bitcoin rates, and fast payment and release of your Bitcoin.

Traditional brokers have also ventured into the crypto space to offer their customers a way to buy and sell Bitcoin. They don't charge for Bitcoin trades, and only profit from a payment for order flow. 

Remember that when you choose a broker, they become the custodian of your assets, limiting your control over your investments.

For people living in areas with limited access to more conventional methods of buying Bitcoin, or if you're just looking for a simple way to complete a transaction, 

 can come in handy. All you need to do is insert cash or a credit or debit card in exchange for Bitcoin, which is then loaded into your crypto wallet. 

Most Bitcoin ATMs allow one-way transactions, either to buy or sell, while others support bidirectional functionality, which allows you to both buy and sell BTC. The charges to expect here are the fiat currency conversion and purchase fees. Make sure to compare the ATM's fee structures, as they tend to be high or low depending upon location. 

 from the Securities Investor Protection Corporation. Various crypto platforms may safeguard themselves against hacks and other financial losses, but that insurance does not protect you as their client from theft or any other kind of loss. As we’ve mentioned earlier, Bitcoin is a high-risk, high-reward investment.

As we’ve seen, there are numerous ways to buy Bitcoin. But as a beginner, you may still wonder where to start. Following is a simple four-step guide on how to invest in Bitcoin.

Before you make your purchase, you’ll need a 

 to store your digital assets. You can use two types of wallets to store your Bitcoin 

. They serve different purposes, and come with specific advantages and disadvantages. 

Hot wallets are online wallets that generate the private keys to your assets on interconnected devices, with the most popular being 

. Many exchanges offer a free hot wallet where your Bitcoin will automatically be stored upon purchase. However, some users prefer to transfer their assets to a third-party hot wallet provider. These versions are also largely free, easy-to-use downloadable wallets.

Hot wallets don’t provide the best security. If the exchange or third-party provider is hacked, which is a real risk, your information and assets are at risk. To keep hackers at bay, you need to adopt the bare minimum of two-factor authentication (2FA), strong passwords and enhanced safe browsing.

However, hot wallets are convenient for small transactions and when you need to access your assets on multiple trading platforms. 

A cold wallet usually is a small, portable hardware device that allows you to store your Bitcoin offline. It comes with software that lets you view your portfolio once connected to a computer. (Paper wallets also fall under the category.) Cold wallets are considered the safest storage option, since they aren’t vulnerable to malware or hacking attacks.

A hardware wallet is a USB-like device that keeps your keys safe in an offline environment. Some good examples of hardware wallets include 

 is simply a printout of your keys, considered obsolete since it’s easily damaged.

So, which one to choose — a hot wallet or a cold wallet?

Your choice depends upon your unique circumstances and crypto activity. If you're a beginner who requires a simple and convenient wallet, or if you’re an active trader, the hot wallet may be your best option. However, if you intend to become a long-term Bitcoin investor, you may require the cold wallet's extra security features to protect your assets. 

A crypto asset exchange is an online marketplace where you can buy Bitcoin. Its interface contains different types of trading opportunities and data that may initially be overwhelming. But once you find Bitcoin — and it's typically the first crypto on the list — the purchase process becomes easy to complete.

 is a trustworthy crypto asset exchange that offers a smooth trading experience at low fees. As a beginner, you need to find an exchange that allows you to buy Bitcoin with fiat currency. Bybit Türkiye supports fiat deposits from either bank transfer or bank card, making it the best option to start your Bitcoin investing journey. 

Once you’ve selected your preferred exchange, you need to 

 on the platform. With many exchanges, including Bybit Türkiye, you’re required to provide your 

 details to verify your identity. This may include providing your email address or mobile phone number to complete the verification process.

 into your account, via either bank card or wire transfer. Once your account is funded, you can use the fiat balance to purchase Bitcoin.

Once you have a balance in your funding account, you can purchase Bitcoin. The 

option on Bybit Türkiye allows you to buy Bitcoin through the following methods:

. There are two payment methods you can go for. First, you can choose to link your credit or debit card to your account and use it to buy Bitcoin. Bybit Türkiye currently supports Mastercard and Visa. Alternatively, use a third-party channel to process your Bitcoin purchase and credit your crypto into your Bybit Türkiye account. Currently, Bybit Türkiye’s 

 partners are Banxa, XanPool, MoonPay, Mercuryo and NeoFi.

You can also deposit your fiat cash into your Bybit Türkiye account to fund it before buying crypto. Under the 

 option, select your preferred fiat currency to complete the transaction. Bybit Türkiye currently supports over 172 fiat currencies. 

, you can find Bitcoin sale offers and make a trade with your preferred seller. P2P HotSwap is a new feature on P2P Trading that expands your options with more advertisers and third-party liquidity providers to make your desired trade.

This function is created specifically for long-term 

 who wish to grow their investments at a steady pace. It’s fully customizable, with a range of flexible plans to choose from. As a type of DCA strategy, it lowers your risk, since you don't make a lump sum investment.

Once you’ve purchased Bitcoin, we highly recommend that you transfer it to a cold wallet to guarantee safety. A cold wallet also gives you control over your assets, which may boost your sense of security and confidence as a Bitcoin novice.

Now that you own Bitcoin, what can you do with it? 

Here are some of the different ways you can earn more with your Bitcoin on Bybit Türkiye

Here comes the million-dollar question: Is Bitcoin a good investment?

The answer is yes. Bitcoin is the world’s largest crypto asset, and has held its own since its inception 15 years ago. As of Sep 22, 2023, Bitcoin was trading at approximately $26,678 with a market cap of $520.03 billion. Experts are making highly optimistic predictions for the coming years. According to CoinCodex, Bitcoin’s price 

There’s always the potential to make big profits with Bitcoin. Remember, however, that it’s a highly volatile investment and could lose its value just as fast. In the end, it all comes down to your risk tolerance and financial goals. 

Are you looking to set up a source of passive income — or a long-term investment plan — and can Bitcoin help you achieve your goals? Once you answer these questions, you’ll know whether Bitcoin is the best option for you.

There’s no doubt that Bitcoin is the most popular crypto asset in the world. It may have undergone some turbulent times, but if experts’ predictions come true, it will dominate the market as the most valuable crypto for many years to come. 

Getting in on the action at this point may prove to be one of the best investment decisions you can make. And with all the Bitcoin knowledge you’ve acquired, why not start today?

How to Invest in Bitcoin (For Beginners)

Bitcoin mining stocks outperformed Bitcoin in terms of value for many reasons. Learn why are they so important. 

 occurred in 2016. Since then, Bitcoin mining stocks have gained interest. These stocks represent companies that operate large-scale facilities to mine Bitcoin, the top crypto asset by market capitalization. In 2023, Bitcoin mining stocks outperformed Bitcoin itself by a wide margin, generating impressive returns for investors. But what are the reasons behind this success? And how do Bitcoin mining stocks compare to Bitcoin as an investment option? This blog post will dive into these questions and more.

Understanding Bitcoin Mining and Bitcoin Mining Stocks

 is the process of validating transactions and creating new bitcoins using specialized hardware and software. Miners compete with each other to solve complex mathematical puzzles that require significant computing power. The first miner to solve the puzzle adds a new block of transactions to the Bitcoin 

, the distributed ledger that records all transactions. In addition, the miner receives a reward in the form of newly minted bitcoins and transaction fees.

The term “Bitcoin mining stocks” refers to shares of publicly traded companies that derive most of their revenue and profits from Bitcoin mining operations. These companies typically engage in activities such as creating and operating Bitcoin mining farms, producing and selling mining hardware and equipment, and providing related services for Bitcoin miners. Investing in these stocks can be a way to gain exposure to the crypto world without the associated risks of directly owning crypto assets.

The Performance of Bitcoin Mining Stocks in 2023

Despite the volatility and uncertainty in the crypto market, Bitcoin mining stocks had a stellar performance in 2023. According to 

 Cointelegraph, the average year-to-date stock price gains in 2023 among the top nine public Bitcoin mining firms by 

 was 257.14%. This figure is almost three times higher than Bitcoin's price gain in the same period. 

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