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Bitcoin remains the world's largest cryptocurrency, with millions of people globally now holding BTC in the hope of generating above-average returns. In many instances, the coin has also solidified itself as a transactional currency, offering another option for shoppers and merchants.
But is it too late to buy Bitcoin? In this article, we take a deep dive into Bitcoin's price history and examine whether it still has long-term value. We'll also highlight where traders can buy Bitcoin today with low fees before presenting some alternative cryptos that may be worth considering.
So, is it too late to invest in Bitcoin? Needless to say, Bitcoin isn’t a new cryptocurrency anymore – and could even be considered 'mature' within the context of the crypto market. Although this means the coin's price tends to be less volatile, it also means explosive growth is improbable.
There are many reasons for this, such as Bitcoin’s lack of utility and its outdated (and energy-intensive) mining process. However, the main reason is that market participants already know what they're getting with Bitcoin – there are no surprises or additional use cases. In turn, there's no huge 'rush' for investors to purchase BTC.
Moreover, Bitcoin is now widely adopted by institutional investors, which has helped dampen volatility. The coin is now used in various crypto index funds, although the long-awaited spot BTC ETF is still unavailable. The adoption by financial institutions does have its good points, yet it also hints that Bitcoin’s quadruple-digit growth is a thing of the past.
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