Why Holding On To Your Bitcoin Is Great In The Long Term

So many people no longer view Bitcoin as a get rich quick investment, but as an asset class considered worthy of holding. Many well-known blue-chip companies seem to agree with this as they themselves hold BTC on their balance sheets despite the volatility. By August 2021, companies alone held 1.6 billion BTC, which amounts to about 8% of the total supply. MicroStrategy is the biggest BTC holder with about $2.8 billion worth of BTC in its holdings. Some optimistic BTC fans believe BTC could climb as high as $1 million; on the other hand, more conservative projections see BTC reach $179,280 by 2025. The increase in BTC adoption and the number of BTC holders are a testament to the high expectations for the future Source