Economy
BTC Price In USD | Investing In Bitcoin Discussed By Traders Union
In the ever-evolving sphere of cryptocurrencies, Bitcoin (BTC) has consistently held its position as a key player. The volatile nature of BTC prices in USD makes it a hot topic of discussion among investors, analysts, and financial enthusiasts alike.
Traders Union revealed the BTC price in USD. TU experts recently divulged their perspective on the BTC price USD, providing much-needed insight.
Is Bitcoin a good investment today?
According to TU experts, Bitcoin presents a promising investment opportunity today. Despite its notorious volatility, the cryptocurrency market has witnessed exponential growth since Bitcoin’s inception in 2009. With the increasing demand for blockchain technologies, Bitcoin has proven to be one of the best-performing assets on the market, immune to traditional economic forces such as inflation or central bank manipulation. Even in its current correction phase after peaking above $60,000, Bitcoin’s historical growth rates suggest it could still offer significant long-term investment rewards.
Investment outcomes: Bitcoin 1 month/1 year ago
Drawing from their expertise, TU professionals note that ups and downs have marked the past year’s Bitcoin performance. The one-year return on Bitcoin stands at -35.47%, indicating a bearish period for the cryptocurrency. However, the one-month return paints a different picture, showing an impressive recovery rate of 26.29%. This stark contrast elucidates the volatile and unpredictable nature of Bitcoin investments.
Why investing in Bitcoin is a good idea
TU experts list several reasons why investing in Bitcoin could be beneficial:
- Price Correction: Bitcoin is currently trading at a significant discount from its all-time high, opening up potential buying opportunities.
- Institutional Adoption: Bitcoin’s acceptance by investment firms and funds lends it credibility and attracts retail investors.
- Lightning Network Success: Bitcoin’s network, though slower than some competitors like Visa, offers significantly lower transaction costs.
- Store of Value: With a maximum supply of 21 million coins, Bitcoin is a digital store of value akin to gold.
- Halving Cycle: Bitcoin’s halving cycle leads to a decreased supply of coins, which could increase the price.
- Bull Cycle Theory: The recurrent cycles of bull runs and subsequent corrections imply that another bull run could be imminent.
- Benchmark Status: Bitcoin is the benchmark for other cryptocurrencies, adding trust and recognition to its name.
Why investing in Bitcoin might be a problem
However, Bitcoin investments aren’t without risks. TU experts highlight some potential concerns:
- Regulatory Concerns: Regulatory actions worldwide pose a significant risk to Bitcoin. Some governments have imposed stringent restrictions or outright bans on the use and trade of cryptocurrencies, creating a highly uncertain future for Bitcoin. With such regulatory uncertainty, potential investors may navigate a precarious and unpredictable landscape.
- Fear of Recession: Bitcoin is still a relatively new asset despite its digital gold status. In times of economic instability or recession, newer assets are often the first to take a hit. The inherent volatility of Bitcoin, coupled with global economic uncertainties, can make Bitcoin a high-risk investment, particularly for short-term investors.
- Divided Forecasts: Sharply divided forecasts mark the world of Bitcoin. While some analysts believe we have seen the worst and expect a rebound, others anticipate further drops in Bitcoin’s price. This prediction divergence adds another layer of complexity to investment decisions.
Is investing $100 or $1000 in Bitcoin enough?
According to TU experts, how much one should invest in Bitcoin depends on individual circumstances and risk tolerance. It is crucial not to invest more than one can afford to lose. With Bitcoin’s swift growth, investing $20, $100, or $1000 per month could yield returns, but due to its volatile nature and limited liquidity, small investments might not provide sufficient diversification. Therefore, potential investors should be cautious and informed about the potential risks.
Additionally, Traders Union has also revealed the XAUUSD prediction today. To know further, visit the official website of the Traders Union
Conclusion
As we venture further into the digital age, Bitcoin is making waves in the financial world. While it presents promising opportunities for investors, it comes with unique challenges and risks. Understanding these dynamics is critical to making informed investment decisions. To delve deeper into the world of Bitcoin, visit the official Traders Union website.
By Adedapo Adesanya
The Nigerian Shippers Council (NSC) has reiterated its commitment to prioritising shipping activities and promoting importers and exporters in the country.
The Executive Secretary of the Council, Mr Pius Akutah, in a statement on Wednesday, said this after a familiarisation visit to the North East Zonal Directorate in Bauchi State.
The visit marked a strategic step in assessing the activities of the council in the region and reinforcing its role in trade facilitation and port economic regulation.
“The purpose of the visit was to promote regional integration in shipping activities and support exportation.
“This aligns with the current administration’s goal of enhancing the nation’s resources through the blue economy.
“We have had interactive meeting with stakeholders aimed at advancing shipping activities in the region and the role of shippers’ association in representing the interests of importers and exporters.
“The NSC is committed to improving ease of doing business,” he said.
On the Inland Dry Ports project in Bauchi, an initiative by the state government, Mr Akutah said it was laudable as it would attract both import and export activities to the area.
By Adedapo Adesanya
UBN Property Plc further sank the NASD Over-the-Counter (OTC) Securities Exchange in the red territory by 0.48 per cent on Wednesday, April 23.
The property investment company lost 7 Kobo of its share value to settle at N2.10 per unit compared with the preceding day’s price of N2.17 per unit.
As a result, the market capitalisation of the bourse went down by N9.19 billion to N1.908 trillion from N1.917 trillion and the NASD Unlisted Security Index (NSI) slumped by 105.70 points to 3,259.08 points from the previous session’s 3,274.78 points.
There was a 500.5 per cent rise in the volume of securities transacted in the midweek session to 1.05 million units from the 174,634 units traded in the previous trading day.
However, the value of transactions decreased by 9.1 per cent to N2.6 million from N2.86 million and the number of deals dropped by 31.3 per cent to 11 deals from 16 deals.
At the close of business, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 533.9 million units worth N520.9 million, trailed by Okitipupa Plc with 153.6 million units sold for N4.9 billion, and Industrial and General Insurance (IGI) Plc with 71.2 million units valued at N24.2 million.
Okitipupa Plc remained the most traded stock by value on a year-to-date basis with 153.6 million valued at N4.9 billion, followed by FrieslandCampina Wamco Nigeria Plc with the sale of 14.8 million units for N572.0 million, and Impresit Bakolori Plc with a turnover of 533.9 million units worth N520.9 million.
By Aduragbemi Omiyale
Between April and June 2025, the federal government intends to sell bonds between N900 billion and N1.2 trillion to investors.
This information was revealed by the Debt Management Office (DMO) in its Bond Issuance Calendar for Q2 2025
The sales will take place once in a month, precisely on April 28, May 26, and June 23, according to the data released by the DMO.
It was stated that the debt office will offer the debt instrument in two maturities, with N300 billion and N400 billion offered for sale at each auction.
In April and May, the DMO will reopen the 19.30 per cent FGN APR 2029 and 19.89 per cent FGN MAY 2033 bonds, and in June, it will introduce the FGN JAN 2030 and FGN JAN 2032 and five and seven-year, respectively.
In April, the APR 2029 bond will have a remaining tenor of four years, while the MAY 2033 bond will have six years and one month left.
By May, those terms shorten to three years and eleven months, and six years, respectively. Both bonds retain their original coupon rates of 19.30 per cent and 19.89 per cent.
The DMO has also released details for its April auction. The Federal Government plans to raise N350bn through the reopening of the APR 2029 and MAY 2033 bonds.
According to the circular, N200bn will be offered in the APR 2029 and N150bn in the MAY 2033. The auction will be held on Monday, April 28, with settlement on Wednesday, April 30.
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