Like a stock, you can buy and hold Bitcoin as an investment. You can even now do so in special retirement accounts called Bitcoin IRAs. No matter where you choose to hold your Bitcoin, peopleтАЩs philosophies on how to invest it vary: Some buy and hold long term, some buy and aim to sell after a price rally, and others bet on its price decreasing. BitcoinтАЩs price over time has experienced big price swings, going as low as $5,165 and as high as $28,990 in 2020 alone. тАЬI think in some places, people might be using Bitcoin to pay for things, but the truth is that itтАЩs an asset that looks like itтАЩs going to be increasing in value relatively quickly for some time,тАЭ Marquez says. тАЬSo why would you sell something thatтАЩs going to be worth so much more next year than it is today? The majority of people that hold it are long-term investors.тАЭ
However, analysts are positive on the stock now. тАЬWe have seen a huge downside movement in the stock due to the central electricity regulatory commissionтАЩs (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
