Bitcoin has recently broken the $8000 mark and as a result, has begun to attract a large amount of attention. New entrants to the market may view BTC as being too expensive and feel that they have missed out on the big profits. The same can be felt when looking at the prices of Ethereum, Dash, and Monero as each currency has enjoyed a sustained period of positive price growth. However, the world of cryptocurrency still provides a wealth of opportunities for new investors, with the potential for healthy gains as numerous as ever.

Price Spikes

It’s fair to say that the price of BTC has increased extremely rapidly over the past few weeks. Bitcoin was expected to split into 2 further coins as forks of the network would produce Bitcoin Gold and a B2X coin. This prompted investors to pour funds into BTC and the price of BTC hasn’t yet looked back after going from a price of around $5500 in October to over $8000 in just a few weeks. It has to be expected that the price of BTC will pull back and provide new investors with clear entry points into the market.

Limited Supply

Bitcoin is definitely the flag bearer for the entire cryptocurrency market and many feel that the success and demand of all cryptocurrencies depends very much on the health of Bitcoin. Fortunately, Bitcoin has combined a number of unique features that continue to make it desirable to investors. One of the most important features remains the limited supply of BTC, regardless of whatever happens, there will never be more than 21 million Bitcoin. This guaranteed scarcity of BTC, also guarantees a natural inflation in price as demand can increase while the amount of supply stays the same. As a result, long-term investors can expect to see a healthy return on their investment even if there are short-term decreases in price.

New Money

The world of cryptocurrency is set to receive an influx of investment over the next few years. Traditional financial institutions such as big banks and asset management firms are all set to invest heavily in cryptocurrencies. The CME recently announced plans to open up a Bitcoin futures market and this will result in a new source of funds for BTC. The ICO space has also begun to attract the attention of fund managers and venture capitalists who seek to benefit from the impressive gains that are on offer.

Growing Economy

Cryptocurrencies make up an ever-increasing economy that continues to impress financial analysts. At the beginning of the year, the total market cap for the entire sector sat at around $15B. Since then the total market cap has risen to over $253B, with Bitcoin accounting for just over half of that figure. Coinbase recently announced that they received over 100,000 new customers in one day, highlighting that the sector has a lot more room to grow and will continue provide opportunities for retail investors.

Mass Adoption

This represents the Holy Grail for many in the cryptocurrency space and it gets closer to reality every day. The amount of Bitcoin spent on legal goods and services recently passed the amount spent on goods found in the underground economy, and Amazon has begun making noises about accepting Bitcoin as a payment method. In addition to this, a number of tokenized blockchain projects are set to become regular fixtures in our everyday lives. In addition, technological advances towards scaling issues make it just a matter of time before Bitcoin, Ethereum, Dash, and others are accepted worldwide as payments mechanisms. As a result, it benefits anyone interested in cryptocurrencies to get involved now, as there is still room for the industry to grow.