Bitcoin is not an "investment" to make money... it IS money. It's simple arbitrage: exchanging one currency for another. The difference between Bitcoin and the U.S. Dollar, or any other fiat currency, is that there are only so many of them: as opposed to the Federal Reserve Bank, which prints more & more dollars, thereby devaluing each one and causing more inflation. Of the 21 million Bitcoin that can ever exist, it's estimated that some 7 million are already lost forever - meaning those remaining are worth ever more. With Bitcoin ETFs (Exchange Traded Funds) right around the corner, it will further legitimize Bitcoin as a currency and a commodity and drive up the value further.
Me? I'm not in Bitcoin to make more dollars, because dollars are no longer worth the paper they're printed on. I'm moving my dollars to something that is increasing in value and keeping it there (the term is HODL or "Hold On for Dear Life", meaning the Bitcoin market will be volatile but will always trend up. I'm a HODLer) and storing it on a hardware wallet in my safe.
(While the U.S. government can rant on about banning personal custody of Bitcoin for being some sort of "black market criminal activity", banning it would be a violation of my guaranteed rights under the 4th Amendment. They simply want to regulate something that is de-centralized for a reason... it isn't mean to be regulated. I just want to be able to access my crypto when I want it... not when some online exchange says I can have it because they control it)
- end rant -
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