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The Future of Cryptocurrency Investing
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Experts say it is considered the benchmark of the crypto market, not as profitable as other coins but less precarious.
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Bitcoin is "almost like an index fund of the crypto market," says Bitcoin Foundation co-founder Kevin Kiff.
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It's a good place to park your money when you're not investing in anything specific, Kiff says.
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Of all the cryptocurrencies, bitcoin remains the most decentralized, he says.
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The U.S. dollar has been gaining strength over the past year, but other global reserve currencies have been losing steam.
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While British traders have been selling pounds to buy dollars, bitcoin is continuing to trade in a narrow range of around $20,000.
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That's because of expected battles in courts and with regulators.
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In the meantime, companies will be reaping the benefits by building bridges between blockchains, fiat currencies and trading platforms.
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The platforms' revenues will be distributed among token holders, just as traditional companies do with their shareholders, he says.
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