While the world was facing the biggest economic turmoil in history, Bitcoin kept its roots intact and rose higher than before.
The popular trillion-dollar Bitcoin has made a solid comeback after facing the massive price dip in 2018.
From a mere $8424.12 to a whopping $58,843.65, Bitcoin has experienced the most dramatic price rise in the previous pandemic year. This 600% price rise has opened rooms of opportunities for both seasonal investors and novice traders. Being the first currency in the crypto industry, Bitcoin is the first-ever digital currency to reach the trillion-dollar market capitalization.
All these solid statements might have satisfied your curiosity about the profitability of Bitcoin. From trading to mining, if there’s any cryptocurrency that offers the major profit shares – it’s none other than Bitcoin. It’s the reason for billions of crypto enthusiasts risking their money and making whopping profits to unexpected losses.
With that said, let us further dive deep and explore if bitcoin trading is still profitable in 2021.
Factors that define Bitcoin’s Profitability:
Ever since the launch of bitcoin in 2009, this cryptocurrency has filled massive gaps in the financial system. Whether it was yesterday, today, or tomorrow, Bitcoin is going to shine because of its exceptional working mechanism.
Based on Blockchain, every transaction through Bitcoin is completely decentralized, secure, and encrypted. Not only this makes Bitcoin the first preference of users when it comes to security, but also makes it an excellent option to allow peer-to-peer transactions using trading platforms.
Furthermore, the high volatility of Bitcoin makes it one of the ideal options for use like trading, holding, staking, and mining. All of these play an integral role in making profits and helping users make a luxurious living through Bitcoin.
