Is bitcoin worth investing in?
For a lot of folks, this has become a tough question.
After all, the lure of bitcoin riches is quite attractive. Particularly when you consider that just ten years ago, one bitcoin was worth $300. This week it exceeded $100,000 for the first time.
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To put that in perspective, had you bought 20 Bitcoin in 2015, you’d now be sitting on $2 million. That’s a gain of more than 33,233%. Bitcoin has quite literally become a millionaire-maker. And indeed, there are plenty of investors regretting not buying some bitcoin back then.
So it’s understandable that so many investors are now asking themselves this question…
Is Bitcoin Worth Investing In?
The bullish case for bitcoin is strong. Particularly now, with an incoming president supporting the launch of a “Strategic Bitcoin Reserve.”
I commented on this last month, writing…
Wyoming Senator Cynthia Lummis originally floated this idea. Lumis said this reserve would mirror the Treasury Department’s existing responsibility for managing the nation’s gold reserves. It would operate independently from the Federal Reserve System.
Worth noting: the U.S. government already holds more than 200,000 bitcoin. Early indications suggest that if this reserve is created, all of that bitcoin the U.S. government currently holds would be transferred to the treasury and held as a part of the reserve. And over the course of the next five years, they would add roughly 800,000 more to reach a set holding of one million bitcoin.
Not surprisingly, with the mere suggestion of such a reserve, bitcoin prices have surged to historic highs. Certainly institutional interest has grown dramatically. Especially when you consider that other countries and financial institutions are now actively seeking to integrate digital assets into their portfolios.
Then consider Trump’s recent appointment of Paul Atkins to head the SEC. If you’re unfamiliar, Atkins is a long-time advocate of cryptocurrency.
Unlike previous SEC bosses, Atkins has embraced cryptocurrency and is likely to facilitate its continued rise to legitimacy.
In addition to that nomination, Trump has also chosen former PayPal exec David Sacks as “Crypto Czar.” Sacks will be charged with the responsibility of creating a legal framework so the crypto industry has the clarity it’s been asking for.
Indeed, the incoming president is quite enthusiastic about crypto, and this will absolutely support the bullish case for Bitcoin. But the question remains: is Bitcoin still worth investing in?
While we expect Bitcoin's valuations to continue to grow, the reality is that they’re not going to rise another 33,000%. But that doesn’t mean you still can’t make a ton of money in the Bitcoin game. You just have to be a bit more creative. Like with this new Bitcoin Loophole Strategy, for instance, which has already allowed us to score gains in excess of 6,700%.
To put that in perspective, since Trump was elected, the price of Bitcoin has soared 46%. That’s not trivial. But it’s nowhere close to 6,700%.
Of course, the best part of this strategy is that it allows you to profit from the rise in Bitcoin without actually having to own any actual Bitcoin. Quite frankly, it’s one of the easiest and most effective ways to make a boatload of cash from the Bitcoin boom. And if you don’t believe it, we’ve laid out all the evidence to support this claim in this special investor note.
There’s no doubt that the run on Bitcoin isn’t even close to over yet. There’s a lot of money to be made here, so you might as well make it. Here’s how you can get started.
To a new way of life and a new generation of wealth…
Jeff Siegel
Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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