Bitcoin's unique appeal

Bitcoin is a groundbreaking asset, combining gold-like qualities with modern advantages like portability and divisibility. Its value stems from its hard-capped supply and decentralised network

Bitcoin is a unique asset that combines the best qualities of gold with modern advantages like portability and divisibility, rendering it an ideal store of value for the 21st century. Its value is derived from its hard-capped supply, which is defined in the Bitcoin code and cannot be altered, and the decentralized network, which has never been hacked and has operated without downtime for 16 years. While Bitcoin lacks gold's historical track record, which spans thousands of years, this may suggest untapped growth potential rather than being a drawback.

Recently, there has been interest in whether now is the right time to invest in Bitcoin, given the price dips that have been attributed to global market fears and U.S. tariff policies.

With a 400% surge since 2023 and prices now above past peaks, Bitcoin’s upward trend persists, despite short-term volatility. This suggests that the bull market still has room to run. However, several factors suggest that a new phase of the market is emerging.

Regulatory clarity is unlocking Bitcoin’s full potential

Regulation, once a major talking point that hindered Bitcoin’s growth potential, is now evolving in a way that could unlock its full potential. The 2024 ETF approvals have already increased market liquidity and enhanced Bitcoin’s credibility as an asset class, which bodes well for its long-term viability.

Price action since the launch of ETFs mirrors that seen for gold markets after the first gold ETFs launched in 2003, which kicked off a secular bull market for gold.

Data source: World Gold Council

Alongside this, the S.E.C.’s lighter touch under Trump—already dropping speculative lawsuits against crypto firms—signals a more supportive regulatory environment for crypto innovation.

Finally, the U.S. Strategic Bitcoin Reserve, established in March 2025, retains seized Bitcoin rather than liquidating it, and provisions for the government to purchase more Bitcoin in a budget-neutral manner—a telling acknowledgement of its value. Other governments are likely to adopt this approach.

Bitcoin is thriving in an environment of global debt burdens and fiat debasement

Global debt is now at all-time highs, and inflation risks are reappearing. In the U.S., the national debt continues to climb despite efforts by the new Department of Government Efficiency (DOGE). Across the pond, Europe’s ramped-up defence spending adds more borrowing pressure on the euro. In China, the government is implementing a slew of measures to combat a lull in consumer spending and reignite growth.

Bitcoin has repeatedly thrived in environments of broad-based monetary expansion, as shown in the graph below, which represents the Bitcoin price vs the global money supply.

Data source: BGeometrics.com

Taming volatility: Why cost-averaging works

Despite several fundamental tailwinds, investing in Bitcoin is notoriously volatile, making market timing the greatest challenge for investors. Bitcoin’s price swings are legendary—think 2017’s blockchain boom or 2020’s COVID rally, both followed by crashes.

By investing a fixed amount regularly, investors can smooth out the bumps.

Historical data shows the effectiveness of a cost-averaging approach in high-potential, but volatile investments: steady Bitcoin buyers since 2017 have seen big gains with less stress. The same held for Nasdaq investors through the dotcom bust and the 2008 crash.

The chart below illustrates the power of a cost-averaging approach (light blue line) in recent years. Returns are in line with a lump-sum investment approach over the period.

Data source: costavg.com

The simple way to invest in Bitcoin: Jaltech’s Bitcoin Investment

For investors looking to gain or grow their exposure to Bitcoin, Jaltech offers a simple way to access the cryptocurrency. By simply completing an application form, Jaltech’s investment team will process investors and give them access to Bitcoin (and/or other cryptocurrencies).

Why invest with Jaltech vs buying Bitcoin on an exchange?

Jason Welz & Chris McCormick