Why Consider Starting SIP in Bitcoin?
For as long as we can remember, gold has always been the ultimate store of value. Its scarcity and intrinsic value meant that, no matter the financial climate, gold would always be in demand. We’re humans after all, and humans like shiny things!
That’s why people began to call Bitcoin the new ‘digital gold’ as its perception changed from a speculative asset to long-term, inflation-proof investment and store of value. More and more people are treating it like gold, as a safe-haven asset.
Bitcoin and gold have a lot in common. Both are decentralized, “outside” assets that are no one else’s liability and not tied to any particular government. Both are scarce, they both transcend borders and are universally recognized.
So why consider starting an SIP in Bitcoin?
Starting cost
Bitcoin is infinitely divisible. You could start with investing as little as ₹100.
At the time of writing, that would be approximately 0.000024 BTC.
It’s also much cheaper compared to gold today, with potential for strong annual growth.
No mark-up rates
Irrespective of where you buy your gold from, you will be charged a small premium on the market price of your purchase. With ZEBB, you’ll never have to pay a fee as you buy Bitcoin.
Truly limited supply
While the global supply of gold grows by ~1% annually, there will only ever be 21 million Bitcoin to ever exist.
Instant buy/sell
You can buy your first Bitcoin in less time than it takes to read this page!
Here’s a fun exercise!
Imagine that on April 1, 2020 you decided to invest ₹10,000 into Bitcoin and a gold mutual fund every month. Fifty-fifty, ₹5,000 each. How much do you think each of those investments is worth one year later?
Here’s how your investment performed on March 31, 2021:
Gold SIP | Bitcoin SIP | |
Amount invested | ₹60,000 | ₹60,000 |
Quantity | 13.9g | 0.0645 BTC |
Current Value | ₹56,677 | ₹213,917 |
ROI | -5.54% | 256.53% |