Is now the time to buy Bitcoin?

The simple answer is who knows?

Some people claim gold is where to put your money

Bitcoin has rallied recently from a low of $5,027 on 16^th March 2020 to $9,300 on 30^th April

Many are put off by the volatility of Bitcoin as its price Zig and Zags up and down so a way to get exposure is via regular savings

The cost of a cup of coffee is £2.5 so assume you set aside that amount every day and therefore invested £75 per month over the last year, you would have saved £975.

If you had put this same £75 p.m. into Gold would now worth £1,200

£75 p.m. into Bitcoin now worth £1,100

Is now the time to buy Bitcoin?

By investing the same amount each month, you would buy more Bitcoin when the price is low and less when the Bitcoin price is low.

The lesson it is possible to make volatility work for you

Regular savings sometimes, called pound cost averaging is ideal way to get exposure to an asset whose price is volatile such as Bitcoin thus taking the guess work out of when a good time is to buy

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