Buy Bitcoin (BTC): price and real-time value

Buying Bitcoin (BTC) is straightforward and accessible to everyone! As the world’s most widely known and traded cryptocurrency, Bitcoin has maintained its dominance in the crypto market, boasting a substantial market capitalisation far above other digital assets. In 2024, Bitcoin’s price has shown considerable volatility, with an upward trend throughout the year, reaching several key price levels. After starting at $44,000 in January, coinciding with the approval of Bitcoin spot ETFs, BTC rallied to $68,000 by March and hit $69,666 on 30 March. Following a steady summer of price oscillations between $60,000 and $65,000, Bitcoin surged to a new all-time high of $89,956 on 12 November 2024.

This record high came shortly after Donald Trump’s election win. Throughout his campaign, Trump advocated for crypto-friendly policies and positioned Bitcoin as a valuable asset for the national treasury. His promises of favourable regulation and support for Bitcoin as a national store of value bolstered investor confidence, driving demand and prices to new heights.

Why buy Bitcoin (BTC)?

Buying Bitcoin is an appealing option for those seeking to preserve and grow their wealth in an uncertain economic climate. Launched in 2009 by the anonymous Satoshi Nakamoto, Bitcoin was the first blockchain application, setting off a financial revolution. Bitcoin operates on a decentralised blockchain network independent of governments and central banks, offering a unique hedge against inflation and a secure way to transfer value without intermediaries. With its structure as a limited-supply asset, Bitcoin is often called “digital gold.”

Many choose to buy BTC to diversify their portfolio and gain exposure to an asset that, while still relatively small compared to traditional financial giants, continues to expand in popularity and global adoption. Bitcoin serves as a hedge against inflation and opens the door to a growing asset class.

When to buy Bitcoin?

The ideal time to buy Bitcoin depends on your investment strategy. Many investors prefer to buy BTC during price dips, aiming to capitalise on potential long-term growth. Historically, Bitcoin has followed market cycles, with periods of rapid growth followed by corrections. Monitoring BTC price predictions and current value can help investors identify optimal entry points.

A popular approach is to accumulate Bitcoin regularly in the lead-up to its halving events, which historically results in price increases within six months post-halving. The next Bitcoin halving is expected in April 2028 and may again positively impact BTC’s price.

Young Platform offers a “Moneybox” feature for those who want to accumulate Bitcoin gradually. This feature enables users to set up automatic, recurring purchases at chosen intervals. This dollar-cost averaging approach helps achieve a stable average price over time, minimising the risk of buying before a major correction.

Where to buy Bitcoin?

You can buy Bitcoin on Young Platform, a leading and fully regulated crypto exchange based in Italy. With a simple and user-friendly interface, Young Platform suits beginners and experienced investors. Here, you can buy BTC using fiat currencies like USD or EUR, set up automatic buy orders, track real-time Bitcoin prices, and even manage tax reporting on your gains. Young Platform is a secure choice for anyone looking for a convenient and reliable way to purchase and manage Bitcoin.

What is Bitcoin, and how did it start?

Bitcoin (BTC) was the world’s first digital asset based on blockchain technology, officially launched on 3 January 2009 when Satoshi Nakamoto mined the first block. The Bitcoin protocol was first shared a few months earlier, on 31 October 2008, in a whitepaper outlining a decentralised system for transferring value without intermediaries. While Nakamoto’s true identity remains unknown, his contribution to the crypto world led to a transformative era in global finance. Bitcoin uses a Proof of Work consensus algorithm secured by advanced cryptography, making it one of the most secure networks.

In 2024, buying Bitcoin is seen as a strategic move for those entering the crypto market or strengthening their portfolio with an asset often called “digital gold.”