Like A Lottery – But With Better Odds!

Good morning!

For the past couple of weeks, I have debated whether or not I should talk about my personal investment decision regarding cryptocurrencies.

I am a stock guy first and foremost. I believe the stock market is the best path to building wealth, period. (I was going to say “for the average person” – but it’s the best path for everyone.)

That being said, I have been an observer and researcher of cryptocurrencies since I first learned about them in 2017.

I saw bitcoin move from $1299, to eventually $19,900, then back to $3090.

After watching bitcoin these past two years, I have come to the conclusion that it may very well be here to stay.

Think about the history of technological breakthroughs. At the end of every decade, there has been a new technology that has emerged, giving us a glimpse of the future. Those of us paying attention were able to capitalize and make a fortune:

Year Technological Breakthrough
1978 Apple
1986 Microsoft
1995 Amazon
2007 Mobile
2015 Cryptocurrencies

I know that cryptocurrencies were around long before 2015, but the point in which the general public becomes aware is the point I’m most interested in.

I think bitcoin may be the very beginning of a trend that could potentially dwarf the return you get from owning stocks.

I know that may sound crazy!

But every new trend accelerates growth by creating more value than the previous trend in less time.

My personal investment approach regarding crypto is to allocate 1% of my investments to it. That way only a small percentage of my net worth is tied to bitcoin.

Cryptocurrencies are risky – but may be a glimpse into the future of money.

I am not sure how things will play out.

But the potential is enormous.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page. 

(Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

 

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Why I Would Put 1% Of My Net Worth In Bitcoin…

should i buy bitcoin

Let me start by saying that I am not a bitcoin enthusiast, advocate or even a follower.  At this time I am an observer, at best.

I don’t know if bitcoin – or any other cryptocurrency – will still exist in the next ten years.

I do, however, keep my eye on the price of bitcoin at least a few times a week.

What intrigues me about bitcoin is that it is absolutely hated right now, and no one is talking about it.  History has taught me that you have to pay attention when an asset class goes from boom to bust the way cryptocurrencies have.  Sometimes the asset class makes a resurgence, like internet stocks, and sometimes it doesn’t, like telecom stocks, during the tech and telecom boom and bust.

I have no idea which way bitcoin will go.  But the fact that it has been left for dead makes it a very intriguing investment.  I do not think there will be a middle ground regarding bitcoin’s success or demise – it will either be a huge success or fade into oblivion, perhaps being replaced by something else.

Although the downside to bitcoin is zero, its upside in my opinion is unlimited.  For that reason alone I would have no problem putting no more than 1% of net worth in bitcoin.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)