Do you have 5000 dollars? Buy this crypto now

Let’s face it: Investing money in stocks can be scary—and investing money in cryptocurrencies, especially now, can be even scarier. But this does not mean that people should not try to learn about potential opportunities.

In fact, when asset prices are under pressure, as they usually have been in 2022, it may actually be the best time to invest. And there is one cryptocurrency which rise above the rest, have the least risk to other digital assets, while still having huge upside.

If you have $5,000 that you are ready to investlook no further than Bitcoin (BTC -0.94%). Now it can be best time to buy it.

Bitcoin is the first cryptocurrency

Launched in 2009, Bitcoin is the oldest cryptocurrency, which is significant given that there are now over 20,000 digital assets out there. Bitcoin is a fully digital, peer-to-peer cash system that needs no central authority or intermediary to function. This is in stark contrast to today’s financial system.

It is no coincidence that Bitcoin was created on the heels of the Great Recession, when major banks were bailed out with massive liquidity packages. The pseudonymous founders, called Satoshi Nakamoto, were certainly motivated by what was going on in the economy at the time, especially when it comes to government intervention in the financial markets. Bitcoin’s ultimate goal is to help build a fairer monetary system, open to all and free from any manipulation.

Despite its troubling volatility, Bitcoin has delivered a remarkable return of more than 20,000% since May 2013. This not only crushes the total returns of S&P 500but it must be the single best performing financial asset during that time frame.

Bitcoin benefits from a growing ecosystem

Unsurprisingly, that kind of monster return attracts financial speculation, which has characterized the entire crypto market so far. Accordingly, Bitcoin’s main use today is as a store of value, or a “digital gold.”

As of this writing, Bitcoin’s market cap is just north of $400 billion, compared to the estimated value of gold worldwide at $12 trillion. However, it is worth pointing out that Bitcoin is divisible, transactable, portable and more secure than gold. In addition, access to Bitcoin is completely limited.

There still needs to be a significant amount of ownership interest from investors for Bitcoin to approach its gold value. Companies like Robinhood Markets and Coin base making it easier for investors to buy Bitcoin. Digital payment giant PayPal has a feature called “checkout with crypto” that allows users to make purchases with digital assets.

In addition, a business that Block, led by Bitcoin enthusiast Jack Dorsey, has repositioned itself to focus more on the top cryptocurrency’s development. For example, TBD is a segment of Block that is trying to build a decentralized exchange for Bitcoin. And Spiral, another organization within Block, funds developers working on things like Bitcoin wallets and the Lightning Network.

Then there are traditional financial institutions opening the floodgates for their clientele to access Bitcoin. Black stonethe world’s largest asset manager, it said recently will partner with Coinbase to allow users of its Aladdin investment platform to directly purchase Bitcoin.

The ever-growing ecosystem of financial tools and infrastructure should support reduced friction and greater use of Bitcoin as a store of value over time.

Bitcoin is an alternative to the current monetary system

Bitcoin’s greatest potential lies in its becoming a completely new form of money that is free from government control. Many people in emerging economies, facing hyperinflation and corrupt regimes, would much rather own a decentralized, global digital currency that no one controls.

Here in the US, the situation does not look good. Four decades of high inflation and continued federal borrowing could lead to a falling dollar, making Bitcoin more attractive to hold.

Securities and Exchange Commission Chairman Gary Gensler, along with Federal Reserve Chairman Jerome Powell, have both publicly stated that they have no intention of following in China’s footsteps and banning Bitcoin. The attitude of these two powerful figures is a bullish sign of the best digital resource.

With $5,000 to invest, it’s a smart idea to take a look at Bitcoin. That dollar amount could be worth many multiples a decade from now.