Bitcoin (BTC) Is Indeed a Long Game and the Windfall Can Happen Anytime Up to $1 Million per CoinOctober 12, 2020
Bitcoin introduced the potential to change how the world will financially transact. It is not a passing fad nor is it a major scam.
Sydney Ifergan, the crypto expert tweeted: “It can never be late to buy Bitcoin (BTC). Some investors look at the dip like an opportunity and others look at it like a risk. The 1% confidence in trading makes all the difference.”
Decentralization brings in more stability to the society. Forbes has to state that Bitcoin is An ‘Insurance Policy’ Against the Fed.
Chamath Palihapitiya, Early Facebook Executive have to state that the Federal Reserve and the U.S. Treasury have printed so much money and the likelihood is that there is going to be asset price inflation independent of who’s in the White House.
Palihapitiya further stated, that he is holding Bitcoin, “In case the central banks and governments of the world step on a landmine.”
The pandemic has forced the Fed and the Treasury to pump in stimulus programs which is worth injecting trillions of dollars in the financial system.
Reportedly, Palihapitiya believes in a 1% hedge in his portfolio. He stated that he bought his Bitcoin around 7 years ago when the price was still under $1,000. He expects the Bitcoin price to go as high as $1 million per Bitcoin token in the next 20 years.
Bitcoin (BTC) in the Long Game
Profits from Bitcoin Investment happens only when the price touches a high point and you sell and get the value on hand. At all the other times, you are just watching the value dance. The hype about Bitcoin has long subsided.
Bitcoin caught the attention of investors after its first major price rise. Simply mentioning Bitcoin, created a perception of huge value. Bitcoin is indeed a long game. Investors tend to stay in to see how high it can go.
Many people who work in a day job, invest in Bitcoin and they forget that they have invested in BTC. They are hoping for the price to become multiple times more than what they bought it for. The Windfall can happen anytime and you cannot be sure of when it will happen though. The perception is that the windfall in BTC will happen.
So, investors are constantly in search of evidence to know when the price rise will happen. It is not possible for all to leave their routine job and keep becoming BTC rich, but it can bring some kind of advantage in terms of profit and value proposition.