LIVEIs It Too Late to Get Into Crypto?
#Bitcoin (BTC) has been around for over a decade, but there have really only been two major price surges that made everyone wish they had invested earlier. The first was in 2013 when BTC jumped from $10 to $1,000. The second was in 2017 when it soared from $300 to nearly $20,000.
What's most intriguing is that both of these meteoric rises happened in the year following a "halving" event, when the rate of new BTC entering circulation gets cut in half. This scarcity seems to have turbocharged the price!
To put BTC's growth in perspective, let's compare it to housing prices. At the end of 2017, BTC hit $19,000. Yet today's housing prices have climbed even higher. Meanwhile, BTC is currently just above $40,000. Next to real estate, BTC's increase looks modest.
Bitcoin is an old friend but also something new. When the internet first emerged, many dismissed it as a scam and bubble. But it transformed our lives in unimaginable ways. I remember wanting to invest in internet stocks, but by then the prices had skyrocketed - just like Apple's $3 trillion valuation today.
How many users does BTC have now? Less than 50 million, a drop in the bucket compared to Apple's billions. Yet with this tiny user base, BTC has a market cap approaching $1 trillion. What does this suggest? That in the future, BTC could grow 10x or even 100x from here!
So is it too late to get into crypto? I think as long as you're ahead of your neighbors, you're still early. The best time to plant a tree was 10 years ago. The second best time is now!