If you are in your forties or younger, please read...
I wish I had posted this a week ago before the pump. I've been in Bitcoin since 2014 when I was gifted $1 worth and had the pleasure of watching the ups and downs while learning over time. It took until 2018 when Robinhood added Bitcoin that I became more interested. We all have our stories on how we got into Bitcoin.

For many, the timing is never right or they are stricken with fear from a bear market, for Bitcoin, there are times to sit, times to buy, and times to buy more. It's the HODLer's life and most won't understand it until after holding Bitcoin for at least 4-5 years. It gradually turns one from a consumer to a saver. Maybe you haven't realized but the entire world can't consume at the rate of the US and consumption must fall, the world leaders know this, and things will be changing. Sadly it's hard to save in a currency that debases over time and in the next year or two, the banks will likely enter if they haven't already, offering Bitcoin to their high-end clients. When this happens the average person will likely be priced out.

As of 2021, there were around 42 million millionaire households globally and the total value of Bitcoin in circulation was about 18 million, so if all the millionaire households had decided to buy an equal share of Bitcoin, each household would be able to buy around 0.428 BTC. That's about $8,260.40 figuring today's price at $19,300 $BTC. The distribution of Bitcoin isn't nearly going to be this fair. No, I'm not saying to mortgage your house, don't spend what you don't have, or what you can't afford to hold for at least 4-5 years. Yes, it could drop more as it's a volatile asset and there are some signals in the trend lines for a potential sell-off. The point is that there simply isn't enough Bitcoin for it to go around in large quantities and it's one of the few assets that one can actually outright own and free from the banking system.

There are numerous distractions with various altcoins which look cheap and offer dreams to get rich but realize there is only one that's been seen as a decentralized commodity which is Proof of Work and protects your security, and that's Bitcoin. We will likely see a lot of people's crypto captured via bankruptcies from custodial services like Celsius, Voyager, and FTX. If you do buy Bitcoin, the next step is learning about self-custody.

All that I'm asking is that you take the time to learn about it and maybe consider buying a little while it's down. If you benefit from it in five years, take me out to coffee and tell me your story. 😉

Disclosure Statement: This is just my observation and findings. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained here constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments whatsoever by the author, presenter, or other associated parties for the content being provided. Crypto is a speculative and high risk investment with potential for complete loss. Regulation of crypto is currently undetermined and often changing. Past performance is no guarantee of future results. In full disclosure, I do own Bitcoin.