As you have probably heard, Bitcoin is up 25% in the last 8 days since the US Election. It was at $ 66,000 and now, as of this writing, it is $ 88,000. Everyone is excited and they should be. Major US Policy changes are coming and, since the US economy is so big and strong, it is affecting this relatively new global asset.
Moreover, as the world continues to shift toward digital assets and blockchain technology, Bitcoin remains the most prominent cryptocurrency and a compelling asset class. But for newcomers, there’s often one nagging question:
Is it too late to get into Bitcoin?
I will answer that very simple question with a simple answer. But first, allow me to outline what just happened that changed everything!
First, US President-Elect Trump announced he will NOT sell the US Bitcoin reserve (estimated $ 15B). Instead, his administration says it’s 100% pro-Bitcoin. Bitcoin Senator Lummis will propose a bill to increase this reserve by 1,000,000 Bitcoins ($ 91B) over 5 years making it the official US Bitcoin Strategic Reserve. With over 269 Pro-Bitcoin members of Congress and our First US Bitcoin President, this is a no-brainer!
Moreover, Trump will push for positive regulations to provide clarity in an updated legal framework. This will make it easier for on-the-fence investors. He already said he would fire SEC Chair Gary Gensler, an obstructionist to Bitcoin regulation, and replace him immediately with a Pro-Bitcoin leader.
CHANGE BRINGS OPPORTUNITY
This is a classic example of making money on US policy changes. Yes, we’ve entered the US Bitcoin age.
Now, experts including myself believe strongly that Bitcoin will hit $ 100,000 by the end of January 2025. But because the recent god candle rise is so strong, it’s not a stretch to see it happen before Christmas or sooner.
But when will Bitcoin hit $ 1,000,000 BTC?
That’s a 10x rise. Most conservative experts say within 5 years. That’s super reasonable considering the fixed supply and growing demand.
TOO LATE TO INVEST?
Yes, it is too late to invest for quick-hit artists. Besides quick-hit get-in and get-out artists are not investors, they are gamblers. I never gamble. That’s entertainment and something fun to talk about at an ego party.
Investing is boring! It’s buy high quality and hold! There is nothing exciting about it! But that’s how it’s done!
So for long-term investors, heck no. It’s not too late!
FACT CHECK!
As of early 2024, around 450 million people worldwide were estimated to own Bitcoin, which is about 5.6% of the global population. By the end of 2024, we know that number has grown significantly. But we don’t yet know how much!
Whatever that 2024 growth is, it reflects the growing adoption and awareness of Bitcoin, despite its volatility and the regulatory hurdles it faces in certain regions. The rising number of Bitcoin holders suggests a growing mainstream interest and usage, driven by the perception of Bitcoin as both a digital asset and a hedge against inflation.
The percentage ownership varies significantly by region, with developed economies generally seeing higher adoption rates, while developing regions are also showing increased interest, particularly in areas with limited access to traditional banking. These figures underscore the growing global appeal of Bitcoin and its role in reshaping financial landscapes.
So if you are looking for a global digital asset that stores value and cannot be manipulated by central banks, get in. Buy and hold!
If you want to get your feet wet on Bitcoin, it is super easy. Here’s how…
1) If you have about $ 103 in your brokerage account, buy $ 103 worth of IBIT (2 shares) which is the Blackrock ETF for Spot Bitcoin. In this way, you get a real hands-on feel for buying using the simple ETF way. Later, if you want to take custody of Bitcoin, you can buy it on exchanges and put it into your digital wallet. But that’s a more advanced step. So take it one step at a time.
2) Start studying Bitcoin. Learn much more about it. Then when you feel you have a solid grasp of it, buy more based on your overall financial plan that works for you. (Consult your financial planner)
In the case of a retired person, maybe just buy in at 5% of of total portfolio in Bitcoin. Why? You are already retired, You have everything you want. Maybe you want to leave some value to your grandkids?
Or maybe you are younger and your future is ahead of you. So your risk tolerance is much higher. If that’s the case, go for it! You have time on your hands. But before you do, make a long-term investment plan and stick to it. Then execute it flawlessly. Be disciplined and don’t worry about others. The only thing that counts is your success, not their successes. In other words, don’t count other people’s money!
CONCLUSION: IS IT TOO LATE?
The answer ultimately depends on your investment goals and tolerance for risk. If you’re seeking short-term explosive growth, Bitcoin may not provide the same opportunities it did a decade ago. However, if you believe in Bitcoin’s long-term potential as a store of value, hedge against inflation, and alternative to traditional financial systems, it may still be worth considering as part of a diversified portfolio.
Bitcoin’s journey is far from over. Its value proposition as “digital gold” remains strong, and as adoption increases, so does its potential as a resilient store of wealth.
While Bitcoin may never see the extreme price growth of its early days, its increasing integration into global finance and recognition as a legitimate asset class suggests that it still has a role to play.
So, is it too late to get into Bitcoin? Perhaps not. The window for exponential growth may be smaller, but the case for steady long-term gains is as strong as ever.
FINAL THOUGHTS
As Michael Saylor, CEO of MicroStrategy who owns $ 25B worth of Bitcoin says “The average person needs 100 hours of dedicated learning to deeply understand how the Bitcoin network works and why it’s unique.”
Once you better understand it, then you may come to the conclusion that this relatively new asset class is worth the long-term investment.
If you find Bitcoin is not for you, just sell your shares and move on. If you find it all makes cents, then welcome to the future.
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Coach J.P. Money is the founder of Coach J.P. Money. He is an expert in Coaching and Money! He is also a writer, global citizen eco-activist, visionary, musician, artist, entertainer, businessman, investor, life coach, and syndicated columnist. He is also known as the music artist “Johnny Punish”; a name given to him by a bandmate during his Punk Rock years fronting the rogue underground punk band “Twisted Nixon”
His Expat home base since the late 1990s is Mexico. J.P. Money, aka Charles Bivona Jr., was educated at the University of Nevada Las Vegas (1980-81) and California State University Fullerton (1981-1984) with studies in accounting, finance and business. He bought is first real estate income property at 17 years old with no money down. He has been debt-free and building wealth since 1998.
Before the “internets” had been invented, he also owned and ran (5) national newspapers in the United States of America from 1987-1998. In addition, he created and ran the important online media sites; HireVeterans.com (2004-2020) and VT Foreign Policy (2004-2023).
J.P. Money is married to Queen Albertina from Sinaloa Mexico (1985). Together they have 3 adult children and 7 grandkids. They live in Baja Mexico at the home they built together out of plastic bags and dirt (Super Adobe). Now they share their epic artistic piece with the world as a unique luxury BnB called “Hacienda Eco-Domes“.
Read J.P. Money’s Full Bio at PunishStudios.com >>>
