Cryptocurrency Communications | Reasons to Invest in Bitcoin [Ohira]

Mr. Ohira's Profile

FX history since 2009, and cryptocurrency history since 2015. Utilizing cryptocurrency investment experience and knowledge accumulated so far, delivering cryptocurrency information on major newsletter sites and investment sites. Participating in numerous individual investor networks and expanding the knowledge gained from many investors. Running a beginner-friendly cryptocurrency investment information site since 2016.

Blog:The Future Potential of Cryptocurrency - How Beginners Can Profit from Investing

*This article is a reprint/re-edited from FX攻略.com November 2018 issue. Please note that the market information written here is not the same as current market conditions.

Chart ① shows Bitcoin from January 2016 to August 2018. From January 2016 (470,000 yen) → January 2017 (1,100,000 yen) → January 2018 (11,500,000 yen), prices have been reaching new highs in recent years.

From late 2017, speculative funds entered and it was in a bubble state, so saying 1,550,000 yen is the fair price would be incorrect. In reality, after that, Bitcoin settled and hovered around about 700,000 yen. Even if the 2018 price is 700,000 yen, it recorded a rise of almost sevenfold from 110,000 yen in 2017 over one year.

The continued rise is due to increased trading volume, but this time I want to focus on the question, “Why hold Bitcoin?”