Cryptocurrency has revolutionized the financial world since Bitcoin inception in 2009. It has transformed how we think about money and investments. 

Recently, major investors have started to pay attention to cryptocurrency. In fact, the U.S. Securities and Exchange Commission (SEC) approved the first 11 Bitcoin spot ETFs in the United States on January 10. Even in Malaysia, Affin Bank partnered with Cross Light Capital (a local fund management company) to become the first Malaysian bank to offer a Crypto ETF Fund. 

These are signs that major financial players are embracing cryptocurrency. Despite all the hype around cryptocurrencies, I have trusted & invested only in Bitcoin & here is why.

1. Most Cryptocurrency are just scams

Most cryptocurrencies are just scams primarily due to the unregulated. This lack of regulation allows dishonest people to create fake cryptocurrencies or misleading projects that promise big profits. However, these scams often fail to deliver on their promises or disappear suddenly, leaving investors with losses.

Also, many cryptocurrencies lack substantial differentiation in their function, often offer similar concepts without adding significant value or improvement. This results in a crowded market where distinguishing between legitimate projects and scams becomes challenging for investors.

Additionally, the speculative nature of the cryptocurrency market and the hype within the crypto community amplify the allure of quick profits without a solid foundation. For instance, meme coins can experience rapid price pumps of hundreds of percentage gains in short periods without any rational reason. This often ends up with investors facing substantial losses when the hype fades and the market corrects itself.

2. Bitcoin Is Scarce: The Only Digital Gold

Cryptocurrencies operate on different supply mechanisms. Some have unlimited or uncapped supplies, meaning new coins can be created indefinitely. This lack of scarcity can lead to inflation within those cryptocurrency ecosystems, potentially diminishing their value over time.

There will only ever be 21 million Bitcoins. This limited supply is a big deal because it makes Bitcoin a good store of value, much like gold. This is why people often refer Bitcoin as Digital Gold.

The scarcity of Bitcoin ensures that it cannot be devalued by inflation, unlike fiat currencies, which can be printed in unlimited quantities by central banks. As demand for Bitcoin increases and its supply remains fixed, its value is likely to rise. This characteristic makes Bitcoin a strong hedge against inflation and a reliable long-term investment.

3. Bitcoin Doesn’t Have a Leader or a Known Founder

Its creator, Satoshi Nakamoto, is a mystery, and we don’t even know if this person or group is still alive. This anonymity is crucial because it means no single entity has ultimate control over Bitcoin. In contrast to other cryptocurrencies that rely heavily on their founders or leaders, If something happens to these leaders, the value or the whole project could collapse. 

The only way to control Bitcoin would be to purchase 51% of its total supply, a practically impossible feat given its widespread ownership and high market value. This adds a layer of security and trust, making Bitcoin a reliable and independent store of value.

4. Major Crypto ETF are in Bitcoin, not Altcoins not Meme coins.

Approved crypto ETFs were all Bitcoin ETFs; you don't see any altcoin or meme coin ETFs. This is due to Bitcoin holds the largest market capitalization and has established itself as the most recognized and widely accepted digital asset globally. This dominance provides stability and liquidity, making it a preferred choice for institutional investors and ETF providers seeking reliable investment options.

Moreover, major investor preference heavily favors Bitcoin due to its perceived store of value and lower speculative nature compared to altcoins and meme coins. Institutions like Grayscale Bitcoin Trust and Purpose Bitcoin ETF (The world's first Bitcoin ETF) have capitalized on this demand, offering investment products exclusively focused on Bitcoin. This strong institutional backing and market demand reinforce Bitcoin's status as the dominant asset in the cryptocurrency ecosystem.

Is Not too late to invest in Bitcoin

According to tripe-a.io, cryptocurrency adoption currently stands at around 6.8% of the global population. This indicates that despite its rapid growth and increasing adoption, Bitcoin is still in its early stages. There remains substantial room for growth as more people and institutions become aware of and start using Bitcoin.

Proof of Bitcoin's adoption is evident in its gradual acceptance by various businesses and financial institutions. Major companies such as Tesla, Square, and MicroStrategy have incorporated Bitcoin into their balance sheets, demonstrating confidence in its future. Furthermore, Bitcoin's acceptance as a payment method is expanding, with numerous merchants worldwide now recognizing it as a legitimate currency.

As awareness and trust in Bitcoin continue to grow, its value and utility are expected to rise. Investing in Bitcoin now offers potential benefits from ongoing adoption and expansion.

Bitcoin achieved an all-time high price of $75,830 on March 14, 2024, and many believe it will soon reach $100,000. While I remain cautiously optimistic, I maintain a long position on Bitcoin.

Therefore, it's not too late to consider adding Bitcoin exposure to your investment portfolio.