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The year 2020 saw a lot of average Bitcoin investors with little to no trading skills become Millionaires and they had to do nothing spectacular except Buy and Hodl Bitcoin.
If you had done exactly that, you could have more than 100X your investment portfolio, and this trend will continue even in 2021 because Bitcoin is still very undervalued and has a very long way to go to the upside.
Taking Advantage Of The Coming 2021 Bull Trend
2021 will be an amazing year for the crypto market, and Bitcoin with 60% market capitalization will benefit the most from this coming bull trend. Taking advantage of this bull trend and deciding to invest in Bitcoin for the long term is the best decision you can make.
Now, it is important for me to warn you that for the short term, we might see price noise in the form of weakness and a slight pullback price before the resumption of the bull trend, but if you are investing for the long term this is not a problem and should not concern because, in the long run, the Bitcoin price is heading up and will make you a millionaire if you are hodling and buying the deep.
Positive Fundamentals Pushing Price Higher For 2021
2020 was the year we saw a lot of cooperate organizations, hedge funds, and investment firms add Bitcoin to their portfolio with big companies like Microstrategy, Grayscale, and Square investing Millions into Bitcoin in a bid to diversify from the U.S dollar and hedge against a weak global economy.
In 2021, we can expect to see this trend continue even as the global economy continues to remain weak and the U.S dollar continues to lose value due to the high rate of inflation.
Bitcoin is the best way to hedge against this fiat depreciation and protect your wealth from gradually losing value. This will cause the demand for the cryptocurrency to continue rising and for the price and value of the digital currency to continue increasing all through 2021, making it the best investment you can make for the year.
To gain more information on how to partake in this coming Bitcoin Bull run and trade this cryptocurrency, you can read my How To Trade Bitcoin Guide. You can also check my top list of Best Bitcoin Exchanges To Trade With
