Investing in Bitcoin has been very lucrative in the recent years. Since the time Bitcoin was invented, it has given the world a new currency to utilise. Bitcoin is a digital currency with a limited supply of 21 Million Bitcoins that will ever exist throughout the end of time. In the last 3 years Bitcoin has gained mainstream media’s attention. Today, It is also used as a medium of transaction for small and medium size business and is being used in many countries as a medium of exchange. Bitcoin’s Price Action! In the early 2010s the price of 1 Bitcoin was less than $0.1 and as of today it is $11684. It had reached closed to $20k in 2018. Those who invested in Bitcoin in the early 2010s are either Bitcoin billionaires or millionaires. It's expensive? Inorder to define cost, we need to understand the Demand and Supply of Bitcoin. As of today, the volume of Bitcoin transacted in terms of USD is over $20 Billion. And Bitcoin’s average turnover has topped $18 Billion daily.
Here’s how you can invest $10000 in 2020 into well diversified portfolio yet not so over diversified! Everyone has been aspiring to be a millionaire, some get there some find it difficult and some are on their way to a million dollars. Further down in the next 5 to 10 years, we’ll have more millionaire than ever! You can too be one of them! ------ Allocating $10000: This is probably worth 6–12 months of savings. And if you managed to save it or have it invested somewhere, excellent!! Here’s how we will allocate your $10000. ----- Shares — $5000 (50% ) The only reason Bezos is the richest is due to Share Market. One has to understand that share market has more money than the GDP of USA.. Stock market is a place where people find opportunities to buy one of their favourite companies. I will show you a rough idea as to how you can allocate your $5000 in shares. (Request you to do your research and invest in stock of your choice) Tesla — 20%