Friday, November 22, 2024

Bitcoin

Seldom do we catch a star. With luck, I grabbed one.

A decade ago I invested in cryptocurrency (Bitcoin [BTC] and Ethereum). At the time Bitcoin cost $600 and Ether was $150.

Back then we expected BTC to reach four-figures ($1,000+). It soon did. We hoped it might someday reach five-figures ($10,000+) -- a level deemed improbable by conventional observers. A prescient few, including myself, believed BTC could someday scale Mount Olympus and hit six-figures: $100,000+. We were called crazy and worse.

Bitcoin just reached this summit and planted its flag. The view up here is magnificent! Ecce Crypto!

I never kept my enthusiasm for blockchain technology a secret. I posted about it frequently. Sensing uninterest among you I eased the throttle back on those posts but still kept encouraging everyone to join this lucrative journey. You can't say I didn't try.

Bitcoin will continue to grow and 2025 will be another breakout year. There was an explosion of investment in BTC ETFs this year: many billions of dollars flowed in. People can now invest in Bitcoin by simply calling a stockbroker and they're doing so in large numbers.

Crypto is the greatest financial opportunity of our time. Where else could someone turn a small stake (say, $30,000) into life-changing fortune ($5 Million)?

2 comments:

  1. Well done to you!
    I know you have promoted it! I have never thought of investing in anything before. Mostly often trying to pay for mortgage etc first. I wonder what would have happened if I did? I kind of needed the money when I needed it, Didn't really have the scope to wait. Kezzie x

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    1. I understand, pal. First things first. We must prioritize our expenses to necessities. Certainly with investments as speculative as crypto you shouldn't put money in that you need elsewhere and can't afford to lose.

      That's what I did. At the peak of my earnings (10-15 years ago) I had excess money I could have spent frivolously or invested; I chose the latter. If you had invested any money in Bitcoin then, you'd have made 250 times your investment: i.e., $1,000 would have become a quarter-million dollars.

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