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A collective insanity has sprouted around Bitcoin over the last decade. It’s hard to predict whether this cryptocurrency will become the global reserve currency or a store of value as widely accepted as gold. The thrill of riches or ruin leaves some investors wary, but others want to chase the chance for massive profits from investing in Bitcoin. Bitcoin is certainly a revolutionary technology, and it’s likely much less risky in 2022 than it was in 2012. After becoming legal tender in El Salvador in 2021, other countries may look to copy this move to attract innovation, while others might ban it entirely in an attempt to save their fiat currency or clear the way for a central bank digital currency. Bitcoin has taken center stage in the global geopolitical climate, and 2022 looks like it may be the year of massive adoption. This has led investors to wonder if Bitcoin is a good investment.
Start with our guide to learn more and make your own judgment if Bitcoin is a good investment for you.