![]() ![]() I'm in this investment for the long run.Īll things considered, I think it's a good idea to keep some Bitcoin in your long-term investment portfolio. There will be volatility along the way and the current crypto crisis could last for years, like the last one did. However, I think cryptocurrencies are here to stay, and there's good reason to believe that Bitcoin will remain a cornerstone of this evolving market. So Bitcoin enthusiasts like Michael Saylor and Arthur Hays could still lose it all. In that world, we could see another name grabbing Bitcoin's crown, challenging early investors to adapt or get left behind. Other digital coins could come along with better technology, more secure transactions, and other unbeatable advantages. It'll take a couple more years before this particular source of uncertainty calms down.īitcoin certainly has a leg up on the crypto competition when it comes to disrupting the gold market - but that future isn't written in stone. The domestic rulemaking effort is especially important to us American investors, of course. Some of them may set up overly draconian frameworks for trading, transactions, and ownership of cryptocurrencies, including Bitcoin. #Bitcoin expert opinion today how to#Regulators and governments around the world are still figuring out how to deal with these newfangled digital assets. Nobody wants to lose face that way, especially in an industry where a robust reputation earns you more clients and partners. Perhaps more importantly, they could look quite silly if their big Bitcoin bets don't work out as planned. If they are wrong and Bitcoin never replaces gold as the standard holder of long-term value, they could lose every penny of the massive investments they have made so far. As a result, MicroStrategy would be a financial heavyweight with Bitcoin-based cash reserves comparable to software-sector rivals Microsoft and Alphabet.Īt the same time, people like Michael Saylor and Cathie Wood are putting their money where their mouths are. For example, if the coin ever reaches $1 million, the company's current cache of roughly 130,000 Bitcoins would soar from $2.8 billion to $130 billion. It's true that all of these Bitcoin bulls have significant financial interests in the Bitcoin market. If it's not going to zero, it's going to a million because it's obviously better than gold at everything that gold wants to be."
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