Should you still own bitcoin?

In truth, if the cryptocurrency industry continues to grow next year, there are many coins that will grow faster than the king of cryptos. Smaller coins simply have more growth potential percentage wise. But you should still own Bitcoin, especially if you're new to crypto investing.

How much is bitcoin worth now?

Bitcoin has plunged more than 52% year to date and is now hovering around $21,000 per coin, according to data from Coindesk. The most popular cryptocurrency has shed about 70% of its value since hitting an all-time high of roughly $69,000 in November. The entire crypto market is feeling similar pain.

Why is bitcoin so popular?

As a result, greater investment interest creates more credibility and adoption of Bitcoin in the long term. Another factor contributing to Bitcoin's dominance over altcoins is that Bitcoin has enough of a track record to show an ability to withstand market crashes.

How many bitcoin users are there in the world?

According to bitinfocharts, there are more than 55,000,000 accounts registered on the bitcoin blockchain, which is the database that keeps track of the cryptocurrency. Of those, roughly 45 million have an account value of less than $100, according to bitinfocharts.