The US dollar has fallen as much as 6% against the euro over the past week and a half, and the euro has gained more than 2% against all major currencies, making bitcoin’s value a relatively weak bet for the time being.
But for many investors in the crypto-currency, there’s another reason to consider investing in the asset: bitcoin’s price.
Bitcoin, which was initially worth around $300 when launched in 2013, is currently trading at around $2,100.
That makes it the third-most valuable asset on the global market, behind gold and gold coins.
For many investors, that’s the only reason to invest in the digital currency, and bitcoin has shown some strong growth over the last year, with the price rising from less than $200 in mid-2013 to more than $500 in January this year.
That growth has been driven by an influx of new buyers from China, where bitcoin’s meteoric rise has created a frenzy of demand for the digital coin.
But despite the surge in demand, bitcoin has been plagued by a number of problems over the years.
Many bitcoin exchanges have been hacked, and hackers have exploited the vulnerabilities of bitcoin’s software to steal bitcoins, which has led to a lot of users losing their money.
The bitcoin blockchain, the digital record of transactions in the network, has also been plagued with issues.
It’s been used by a handful of major bitcoin exchanges to store data that has been leaked in recent years, including bitcoin wallet addresses, and many users have had to go through a lengthy account recovery process to regain access to their accounts.
Bitcoin exchanges also have been plagued in the past by a series of attacks that have caused millions of dollars in losses.
A group of Chinese hackers also leaked more than 200,000 emails that purported to be from a senior executive at one of bitcoin exchanges.
Bitcoin’s volatility and recent losses have prompted some investors to move away from bitcoin altogether.
Some analysts, however, have suggested that a long-term investment in bitcoin could be worth it.
“As the bitcoin market matures, the risk is that bitcoin will fall,” said Mark Cunliffe, chief investment officer at Macquarie Asset Management.
“The upside of bitcoin is it’s a lot safer than gold or silver.
The downside is it is volatile and the risk-reward ratio is not high.”
What are some other reasons to consider buying bitcoin?
If you’re a bitcoin investor, it’s worth noting that it’s also possible to use bitcoin to buy other assets, such as other commodities, as well as other digital currencies.
You can buy gold for example, or you can buy bitcoin to fund your own bitcoin-focused businesses.
There are even opportunities to invest the digital money in real estate.
But if you’re interested in bitcoin because of its potential for a major global economic disruption, it might be worth investing in bitcoin only if you expect a major economic meltdown in the near future.
“If you are buying bitcoin for a reason other than its potential to disrupt the world economy, then it is best not to invest,” said Brian Wills, a senior fellow at the Center for Financial Technology Policy at the University of Pennsylvania.
“You should look at it like a hedging instrument that can be used for a very long time and that has a low rate of return.”
In the longer term, bitcoin may be a good investment, as bitcoin is still a relatively new asset class that has yet to prove itself as a viable investment.
However, bitcoin isn’t the only asset class to see an influx in new buyers over the recent months.
Other digital currencies are also growing, including ether, ripple, and fintech.