Yes, Now It’s Too Late to Buy Bitcoin
7 reasons why
When your Uber driver, your hairdresser and your brother in law start pitching some idea, it’s usually time to get out.
Buy the rumor, sell the news as the old adage goes. When the weak hands (you and me) notice a trend, the strong hands are already selling and we end up funding their big pockets.
This has been the case for the stock market, real estate and most forms of speculative investments. Yet, every time a new opportunity arises, we fall for it as if it’s never happened before.
But is this the case for cryptocurrency?
Let’s see.
1. Timing
We all wish we could go back to 2009 and buy a million Bitcoins for a few dollars. Looking back, it seems surreal it has gone from nothing to $60,000 in a matter of a few years.
The market cap for Bitcoin is $1 Trillion now, making it the 10th most valuable asset in the world. Just for reference, Google is worth 1.2T, Apple 2.2 T, and Gold is 10T but it took those a lot longer to get there compared to BTC.
Obviously, we’ve missed the boat…right?
Well, it depends.
Nobody knows the future, but institutional investors are pouring in, retail investors are waking…
