Betting on Bitcoin (BTC) in its early days: Michael Saylor didn’t, neither did Elon Musk and Jack Dorsey. The legitimacy of BTC as a sustainable financial asset has grown over time. Buying Bitcoin in 2013 was inexpensive, but could cost an early bitcoiner’s marriage.
Immature wife, or adventurer husband
In a February 2015 post on Reddit, a 28-year-old woman said she was angry with her husband, who had continuously bought Bitcoin since 2013 without consulting her.
She estimated that he had purchased over $ 22,000 in BTC in the two years before its release, when the price had peaked over $ 1,000, but also dropped below $ 200.
The wife had asked her husband to sell the BTC when the price increased.
The price kept going down and the man kept buying more BTC. He He would have repeated to his wife that these Bitcoins were intended to pay for their children’s college education, buy a house, etc.
Many cryptophobes at the time considered that investing in the BTC was proof of immaturity – the BTC haters continue to hold this position.
No one knows if the husband sold the BTC to allay his wife’s concerns, or if the couple ended up divorcing.
The husband’s initial investment could easily have brought in millions of dollars.
Even assuming he bought some BTC after their price exceeded $ 1,000 in November 2013, the 22 BTC are now believed to be worth over $ 1 million.Subscribe for freeJoin our community of Bitcoin and cryptocurrency enthusiastsEmail * Submit
22 BTC at 100,000 USD
The BTC began a bullish rally in October 2020, hitting an ATH above $ 58,300.
PlanB-ists are planning a Bitcoin to 100,000 USD by the end of 2021. The current bullish rally in BTC is supported by institutions such as You’re here, MicroStrategy, Square, and Grayscale.
Critics of Bitcoin continue to hold the same rhetoric as they did 10 years ago, ignoring developments in BTC and cryptocurrencies in general. The wisdom of the seasoned investor or the reckless risk-taking of the beginner playing the sorcerer’s apprentice: bet on a speculative asset from the start, at the risk of losing a few dollars, rather than missing out on the next Bitcoin.
Fashion is good, but blockchain is the future, we agree, right ?! It’s a great opportunity and an evolving sector! On a daily basis, my job is to try to popularize cryptos / blockchains as well as possible, which appear to be far too technical.
The comments and opinions expressed in this article are those of the author alone, and should not be considered as investment advice. Do your own research before making any investment decisions.