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)?

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