A lot of people think that Bitcoin is “too expensive” for them to get involved. That it’s a tool for the already wealthy. This is not true. You might be wondering:
Do I need to buy a whole coin?
How should I value Bitcoin?
Let me explain a bit about how I think about it 👇
Do I need to buy a whole coin?
How should I value Bitcoin?
Let me explain a bit about how I think about it 👇
First and foremost, no, you do not need to buy a whole coin.
A Bitcoin is divisible into 100M units called Satoshis (yes, after Satoshi Nakamoto, the pseudonymous creator of Bitcoin).
You can buy ANY amount you’re comfortable with. As little as $0.25 on the @ln_strike app!
A Bitcoin is divisible into 100M units called Satoshis (yes, after Satoshi Nakamoto, the pseudonymous creator of Bitcoin).
You can buy ANY amount you’re comfortable with. As little as $0.25 on the @ln_strike app!
There are a million ways people try to value Bitcoin and all of them will give you different results.
I try to stay away from short term price predictions and look at it as more than an investment.
Bitcoin provides a new form of digital money that is native to the internet.
I try to stay away from short term price predictions and look at it as more than an investment.
Bitcoin provides a new form of digital money that is native to the internet.
Bitcoin provides a censorship resistant, non-government money that can be transferred instantly and for nearly free anywhere on Earth.
It provides a hedge against the endless money printing causing rampant inflation all over the world.
It is an option to exit the fiat system
It provides a hedge against the endless money printing causing rampant inflation all over the world.
It is an option to exit the fiat system
If I must provide you with some kind of valuation framework then I'd look at what people used before Bitcoin existed.
This is hard to do because there has never been something exactly like Bitcoin before.
One related asset class would be precious metals, specifically gold.
This is hard to do because there has never been something exactly like Bitcoin before.
One related asset class would be precious metals, specifically gold.
The market cap of gold is estimated to be about 10 trillion us dollars.
Gold is completely obsoleted by Bitcoin.
In time I am confident it will completely replace it.
That alone puts Bitcoin price over $400K, a 10x from today’s prices.
Gold is completely obsoleted by Bitcoin.
In time I am confident it will completely replace it.
That alone puts Bitcoin price over $400K, a 10x from today’s prices.
Bitcoin won't stop at the gold market cap, it will absorb a large percentage of pension funds, real estate, sovereign debt, etc.
In my bearish opinion, Bitcoin is on a path to be a $100 trillion dollar asset.
This puts the price well into the millions of dollars per coin.
In my bearish opinion, Bitcoin is on a path to be a $100 trillion dollar asset.
This puts the price well into the millions of dollars per coin.
I hate talking price but I hope this helped you understand why Bitcoin isn’t expensive, why you should own some Bitcoin and perhaps about its future potential value.
Please follow me for daily bitcoin educational content.
Please follow me for daily bitcoin educational content.
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