Regarded <\/b><\/strong>bitcoin <\/b><\/strong>as \u201cdigital gold\u201d<\/b><\/strong><\/h3>\nToday, bitcoin is used as a kind of \u201cdigital gold\u201d. That is to say, people around the world admit it as a scared digital asset\uff0cwhich is exactly determined by its characteristics. On one hand, bitcoin is the\u00a0largest cryptocurrency with the largest market capitalization in the world, which is over $1.2 billion. It\u00a0has been existed for about 12 years and remains to be the market leader all the time. Meanwhile, it is global and people around the world can own it as one kind of asset. On the other hand, bitcoin has\u00a0a limited supply of only 21,000,000. Now, it has a\u00a0current circulating supply of 18,590,300, meaning that it is as scarce as gold. When more and more people want to hold bitcoin, along with its demand increase, its price is more likely up.<\/p>\n
Bitcoin Halving drives its price<\/b><\/strong><\/h3>\nBitcoin is produced by bitcoin mining. Bitcoin miners create new blocks and add them to the bitcoin blockchain network via solving cryptography puzzles. This process will spend mining equipment, electricity bills, and time. Bitcoin miners also gain bitcoin in return. Back to the Bitcoin Halving event which happens once in four years. When it happens, the rewards of Bitcoin Mining are cut down by half, meaning there is less and less bitcoin in circulation. In fact, after three times halving\u00a0in recent 12 years, the mining rewards\u00a0have been\u00a0reduced from 50 BTC\u00a0to 6.25 BTC.<\/p>\n
Throughout bitcoin history, its price rises\u00a0generally\u00a0after its halving events. After the second halving, which happened in 2016, the price of bitcoin continued to rise in the later one year, nearly reached $20 thousand. The same thing happened in the third halving\u00a0in 2020.\u00a0And you must know it, bitcoin has reached $60 thousand.<\/p>\n
The bitcoin halving reduces the\u00a0circulation significantly, thus triggering a higher demand, which will drive its price.<\/p>\n
![\"\"](\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2021\/04\/\u51cf\u534a2.png\")
<\/p>\n
Source: Coin Metrics Network Data<\/p>\n
Institutional investors join in <\/b><\/strong><\/h3>\nOwing to its all-time high price, bitcoin becomes popular and its adoption is accelerating. A\u00a0number of people hold bitcoin in their digital wallets. At the same time, institutional investors such as Tesla, Square Corp, MicroStrategy, etc., have resorted their cash reserves into bitcoin, stating that bitcoin\u00a0is\u00a0a good store of value against inflation. Those strong forces will drive its price to rise. Most institutions are now considering bitcoin as one kind of financial investment. In the meanwhile, they accept it as a payment method. Such as Elon Muck, the founder of Tesla, has allowed customers to buy a Tesla with bitcoin. It can be predicted that bitcoin will be equivalent to cash in the near future.<\/p>\n
Though you are aware of bitcoin\u2019s value and decide\u00a0to invest in it, you may still be confused about how much you can\u00a0buy bitcoin.<\/p>\n
What is the minimum amount to invest in <\/b><\/strong>b<\/b><\/strong>itcoin?<\/b><\/strong><\/h3>\nRetail\u00a0investors, especially new traders, may be afraid of bitcoin\u2019s high price and\u00a0do not\u00a0dare to invest in it. They consider that it will require a large capital to buy a bitcoin. This\u00a0thought is totally\u00a0wrong. The minimum amount of bitcoin investment depends on yourself, not its price. New users can choose to buy\u00a0a\u00a0fractional amounts of bitcoin for a try. As a cryptocurrency trading platform, CoinCola<\/a>,\u00a0allows\u00a0its users to invest in bitcoin with a minimum of\u00a0just 1 US dollar. What\u2019s more, there is no trading fee.<\/p>\n
Bitcoin is produced by bitcoin mining. Bitcoin miners create new blocks and add them to the bitcoin blockchain network via solving cryptography puzzles. This process will spend mining equipment, electricity bills, and time. Bitcoin miners also gain bitcoin in return. Back to the Bitcoin Halving event which happens once in four years. When it happens, the rewards of Bitcoin Mining are cut down by half, meaning there is less and less bitcoin in circulation. In fact, after three times halving\u00a0in recent 12 years, the mining rewards\u00a0have been\u00a0reduced from 50 BTC\u00a0to 6.25 BTC.<\/p>\n
Throughout bitcoin history, its price rises\u00a0generally\u00a0after its halving events. After the second halving, which happened in 2016, the price of bitcoin continued to rise in the later one year, nearly reached $20 thousand. The same thing happened in the third halving\u00a0in 2020.\u00a0And you must know it, bitcoin has reached $60 thousand.<\/p>\n
The bitcoin halving reduces the\u00a0circulation significantly, thus triggering a higher demand, which will drive its price.<\/p>\n
<\/p>\n
Source: Coin Metrics Network Data<\/p>\n
Institutional investors join in <\/b><\/strong><\/h3>\nOwing to its all-time high price, bitcoin becomes popular and its adoption is accelerating. A\u00a0number of people hold bitcoin in their digital wallets. At the same time, institutional investors such as Tesla, Square Corp, MicroStrategy, etc., have resorted their cash reserves into bitcoin, stating that bitcoin\u00a0is\u00a0a good store of value against inflation. Those strong forces will drive its price to rise. Most institutions are now considering bitcoin as one kind of financial investment. In the meanwhile, they accept it as a payment method. Such as Elon Muck, the founder of Tesla, has allowed customers to buy a Tesla with bitcoin. It can be predicted that bitcoin will be equivalent to cash in the near future.<\/p>\n
Though you are aware of bitcoin\u2019s value and decide\u00a0to invest in it, you may still be confused about how much you can\u00a0buy bitcoin.<\/p>\n
What is the minimum amount to invest in <\/b><\/strong>b<\/b><\/strong>itcoin?<\/b><\/strong><\/h3>\nRetail\u00a0investors, especially new traders, may be afraid of bitcoin\u2019s high price and\u00a0do not\u00a0dare to invest in it. They consider that it will require a large capital to buy a bitcoin. This\u00a0thought is totally\u00a0wrong. The minimum amount of bitcoin investment depends on yourself, not its price. New users can choose to buy\u00a0a\u00a0fractional amounts of bitcoin for a try. As a cryptocurrency trading platform, CoinCola<\/a>,\u00a0allows\u00a0its users to invest in bitcoin with a minimum of\u00a0just 1 US dollar. What\u2019s more, there is no trading fee.<\/p>\n
Retail\u00a0investors, especially new traders, may be afraid of bitcoin\u2019s high price and\u00a0do not\u00a0dare to invest in it. They consider that it will require a large capital to buy a bitcoin. This\u00a0thought is totally\u00a0wrong. The minimum amount of bitcoin investment depends on yourself, not its price. New users can choose to buy\u00a0a\u00a0fractional amounts of bitcoin for a try. As a cryptocurrency trading platform, CoinCola<\/a>,\u00a0allows\u00a0its users to invest in bitcoin with a minimum of\u00a0just 1 US dollar. What\u2019s more, there is no trading fee.<\/p>\n
![\"\"](\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2021\/04\/\u8d2d\u4e70.png\")
<\/a><\/p>\n