Bitcoin to US Dollar
1 BTC 27,967.82 USD
-309.64 (-1.11%) today
to Converter
Live Bitcoin Chart
Trends over time
1 Day
28,277.46 USD
(-1.11%)
1 Week
24,866.98 USD
(11.09%)
1 Month
24,690.28 USD
(11.72%)
1 Year
41,399.34 USD
(-48.02%)
Is Bitcoin a good investment?
Those looking to invest in financial technology that has the potential to revolutionize the world should consider Bitcoin. Being a rare digital asset may help to keep its value high, and some people even think that Bitcoin may someday take the place of the US dollar as the world's reserve currency.
With Bitcoin and other cryptocurrencies performing poorly, investors are beginning to wonder if it is worth investing in this space. Bitcoin's price, like the stock market, has fallen through the first half of 2022.
Looking further into the future, two expert panels recently provided predictions for the price of bitcoin in the coming year. According to a 35-person group quoted by Forbes, bitcoin will begin the new year at about $76,000.
A less bullish second panel also gave predictions. According to Forkast, they reduced an earlier target to $65,185 as 2022 gradually ended. The bitcoin exchange Changelly projects that in 2023, the price of one bitcoin will typically range between $53,039 and $64,734.
The founder of crypto research firm Token Metrics, Ian Balina, believes bitcoin is in a downturn because of general investor skepticism on risk assets. Still, he also sees the development of Web 3.0 as an advantage. Bitcoin is an old-school cryptocurrency, which may give Web 3.0 coins like Polkadot and chainlink an advantage in the long run.
More practical applications for bitcoin and cryptocurrencies are emerging. Since trading isn’t the only thing you can use them for, Bitcoin and these new assets may rise again.
Historical growth of Bitcoin
The value of one bitcoin increased significantly for the first time in 2010, from less than a penny to $0.09. Since then, the coin has witnessed several crashes and rallies up until today.
On April 13, 2011, Bitcoin's price increased from $1 to $29.60 by June 7, 2011, a profit increase of 2,960% in just three months.
Fast forward to 2021, Bitcoin had an all-time high of $68,789 on Nov 10. Before the end of the year, it had fallen to $46,164. Between January and May 2022, Bitcoin's price was $47,445. It continued to decline, and for the first time since December 2020, the price of bitcoin fell to $23,000.
Supply and demand is the reason for Bitcoin's high volatility.
How and when to buy Bitcoin?
You'll need a cryptocurrency exchange, where buyers and sellers come together to trade dollars for coins to purchase Bitcoin or any other cryptocurrency. There are a ton of exchanges available, but as a beginner, you should pick one that strikes a balance between usability, low fees, and high security. You can also use an investment platform like Heru to add Bitcoin to your portfolio.
In an ideal world, you can buy Bitcoin low and sell it high. But even for experts, this is easier said than done. Dollar-cost averaging, also known as "DCA," is a technique adopted by many investors to lessen the effects of market volatility by routinely investing a smaller sum into an asset (such as stocks, gold, or cryptocurrencies) as opposed to trying to "time the market."
Interested in Bitcoin?
Invest in Strategies related to Bitcoin
Heru Finance offers its users a wide range of expertly managed baskets containing a variety of carefully selected tokens offering desired returns on investments.
Explore Strategies
DeFi Innovation
Generate long-term wealth by investing in Decentralized Finance Fund that is actively managed
Since Inception return
56.43%
3M Return
10.87%
Earn up to $100.00 per month for every $1,000 invested.
Current AUM:
$68,516
Money Market Maker
Liquidity Farming and hedging fall in token prices.
Since Inception return
34.7%
1Y Return
48.16%
Earn up to $83.33 per month for every $1,000 invested.
Current AUM:
$23,438
What does Heru Finance offer?
Best crypto strategies
Best crypto strategies
Crypto moves fast. Our portfolios are rebalanced regularly by industry veterans, ensuring they are optimized for exceptional returns.
One-Tap Investing
One-Tap Investing
Simply choose an investment strategy and make a deposit in just a few clicks. We support stable coins - USDC, USDT and other 100+ tokens from any external wallet.
No Investment Cost
No Investment Cost
We do not charge any fees if your investment was not profitable for you. We may charge a nominal performance fee when you redeem from your profitable investments.
Best Investor Experience
Best Investor Experience
At Heru Finance, we know how important your finances are to you and we pride ourselves on going over and beyond for our investors. Join our discord community for additional help.
Crypto Native
Crypto Native
Heru Finance was founded specifically to democratize access to web3 investing. Our domain expertise has always been and always will be solely focused on web3. We're not just another financial platform-hopping on the crypto bandwagon, we are crypto-native.
Multi-Layer Security
Multi-Layer Security
We use Fireblocks, world’s #1 custodian and services top crypto exchanges. We have up to $30M in insurance for issues that arise to the funds in custody, smart contract interaction/theft. We actively evaluate every protocol for risks, check for smart contract audits by leading firms like Certik and rebalance portfolios for risk management.
Frequently Asked Questions
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