Bitcoin is being undervalued...
Bitcoin is still very cheap when you consider that it will cost nearly $120,000 and about 10 years to mine 1 Bitcoin at home, not including nearly $20,000 for equipment and maintenance along with upgrades along the way.
If Bitcoin were a business, $200,000 per coin would still be too low when you add the overhead costs with staff and management, along with the space to mine. Personally, I feel that $300,000 is just the beginning, but in less than 4 years, it must at least double that price or more to become profitable again. So, don't be surprised if it reaches $1 million in the coming years. It has waited over a decade to become a legitimate asset with a lot of followers in skepticism over the years... until now. In just a few more months, the Bitcoin ETF is on track to surpass gold and have a higher market capitalization than spot silver. It's unbelievable, but misunderstood and underestimated.
I'm not saying to invest everything in, do your own research and never invest more than you are willing to lose.
A lack of understanding, in my opinion, is why Bitcoin is such a volatile asset, doing your own research will expand your view on many aspects of the world, money, politics, and finance.
