"Cryptocurrency is a bit like an equivalent of gold, it's a store of value."īut he had a major warning too - because just like in the days of the American gold rush, there are bandits about too. 2022 could be another banner year for Bitcoin, with experts seeing a massive boost by the middle of the year.
He added: "First of all, is it safe? Well some people have lost money in their wallets, like gold could be stolen. One dollar invested in Bitcoin on Octogrew to 103,453 by January 31, 2018, while the same investment in the S&P500 stock index grew to only 2.65 over the same period. Its rapid price increase surprised even the most optimistic of market observers and early investors. "Which is what most people are looking at." Bitcoin is one of the most speculative assets in the history of nance. "But I suppose you're thinking of this an an investment rather than to spend it as the price has gone up. So you're supposed to be able to spend it," Martin said. "Bitcoin is set up as a non-governmental form of currency.
Responding to a viewer of ITV's Martin Lewis Money Show show who asked his thoughts on the crypotcurrency, he gave a mini-lowdown on it. Top Bitcoin/Crypto Courses & Certifications (Paid) 1. The currency just hit new peaks of almost £30,000 a coin - more than double its previous high point in 2017 and a hundred times more than it cost five years ago. Bitcoins annual inflation rate is currently 1.75 and will continue to decrease. Martin Lewis has given his views on whether you should put money into Bitcoin or not, as the digital currency hit new all time highs.
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