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Bitcoin, being sort of a version 1.

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Janet Yellen, the current U. As such, Bitcoin will remain a viable form of currency as long as there is a community that trusts in its means of exchange. To elevate to mainstay currency, its design is currently deemed inadequate. Bitcoin has already reached There is a limit to the supply of Bitcoins. If the economics of supply and demand holds, then the limited supply should drive prices up, so long as there is demand.

Any investor needs to make a calculated guess in the confidence of Bitcoin as a means of exchange going forward. Should you have a positive view, then the dynamics of demand and supply is on your side. Should you think that other competing cryptocurrencies will supersede Bitcoin and demand ebbs, then prudence may win your decision. Anyone can invest in Bitcoin.

If you need the funds for the future, then you may want to exercise some prudence in face of the risks presented by Bitcoin. If you do not need the funds at all, then you will need to weigh investing in Bitcoin against other investible instruments, according to their respective risks. There are many ways to invest in Bitcoin. You can buy them directly through cryptocurrency exchanges, traditional stockbrokers, Bitcoin ATMs, or peer-to-peer bitcoin owners. You can also invest indirectly through Bitcoin funds or futures. It will be a good idea to invest in a manner by which you can exit your position as efficiently as possible.

Bitcoin is very volatile. This is evidenced by past data. As this electronic token does not have any underlying tangible collaterals, it is driven by confidence and therefore sentiments. Should an influencer in the likes of Elon Musk or Mark Cuban utters a positive or negative tweet, then it is likely that the cryptocurrency will swing wildly.

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If you are looking for more stable investments, there are better options. There has been recent criticism about the supposed effects of blockchains on the environment. Is this a cause for concern, given Singapore's push towards green energy? There are valid concerns that Bitcoin is posing a threat to the environment. The contention is the energy used by the computers in mining just one Bitcoin. As Bitcoin matures, it gets harder and harder to mine an additional Bitcoin.

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The bitcoin programme code is predetermined to halve its payout roughly every four years. It was reduced to 25 BTC in late, and recently last year in May , it had further gone down to a block reward of 6. Today, one will need a special high-powered application-specific integrated circuit computer to mine Bitcoin. As such, it is an environmental concern as unnecessary energy is used to generate a digital token when a simple program can do so. Do you know more about this story? Contact us anonymously through this link. To get a media kit and information on advertising or sponsoring click here.

Bitcoin: High risk at what reward?

The supply of Bitcoin has already reached Interest in Bitcoin has waxed and waned in March. Can Bitcoin become a replacement currency? Is Bitcoin a viable investment? Who should invest in Bitcoin? Is Bitcoin stable?

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Sign Up For Newsletter. Achieving a greener future across Singapore's built environment. According to the company, Trend Lab includes involvement from key players in the industry, including Tencent and The company announced the financial support while noting it aims to develop its own Big Data and AI solutions and to apply blockchain, cloud and SaaS technologies into its operations as well. Hong Kong has emerged as a hotbed for FinTech innovation, especially when it comes to technologies like blockchain.

Last month, reports said Hong Kong and Singapore reached an agreement to link trade finance platforms using blockchain technology in an effort to combat errors and fraud in cross-border trade and finance. The report aims to offer banks a roadmap to help them gain the technical capacity to support digital payments in all their forms. Zoom fatigue sets in.

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