Bitcoin has presented individuals with a phenomenal opportunity to transform their lives. As such, not owning Bitcoin poses a greater risk to your future than owning the leading cryptocurrency. This is because the virtual asset is the greatest technological revolution since the internet. And in its 11 years of existence, it has proven to offer security, decentralization, freedom, and so much more.
It is Riskier Not to Invest in Bitcoin
It is even riskier not to invest in Bitcoin than sitting on the sidelines to watch events unfold. Bitcoin, the largest cryptocurrency by market cap is the greatest technological revolution since the internet and a gift to future generations. In its 11 years of existence, the virtual asset has shown a lot of promise that currently makes it the most credible alternative to the traditional financial system that is broken and cannot be fixed.
Bitcoin is a decentralized payment system that is not controlled by a central authority, yet it is secure. There have been no hacks to the Bitcoin network since the cryptocurrency was launched. However, banks have been robbed time and again. Bitcoin also offers instant cross-border payments with low-cost fees. It provides a seamless and convenient way for people in unbanked locations to access financial services.
Bitcoin Belongs to Everyone and Offers Freedom
Furthermore, the top cryptocurrency belongs to everyone, which makes it even more powerful. The asset also offers its users freedom since millions of people living under authoritarian regimes have the power to control their funds themselves. And most importantly, Bitcoin's source code is open and its blockchain’s content is easily accessible. As such, you only need to check to make verifications instead of trusting the word of politicians, as is the case of the traditional financial system.
Bitcoin's ability to offer all these benefits in only a decade is evidence that it holds greater potential in the future. Accordingly, it is better for an individual to realize these potentials today and invest in Bitcoin, than later on. This is because time and again, early adopters of modern technology have often benefited more.
Bitcoin is Where the Internet Was in its Early Stage
On the other hand, where Bitcoin is today can be compared to the internet years ago. When the internet was launched, Tim Berners-Lee immediately realized and believed in technology's potential. As such, he launched the World Wide Web. The web as a public hypertext system enables people to visit websites using the internet.
What's more, companies like Google, Facebook, and Amazon which were the early adopters of the internet are reaping millions today. Amazon, for instance, solved people's need to find books easily. Instead of moving from one city to another to find a certain book, users could easily access the eCommerce site to locate it.
Asides from that, early investors who saw the potential in these web innovators are also reaping millions today. This goes to show that those who buy Bitcoin now could potentially reap immense profits later on. For instance, a single Bitcoin was valued at $1 in 2011, and today, it is around $8,800.
Bitcoin is a Calculated Risk That Needs to Be Taken
Warren Buffet, one of the biggest investors believes that risk is an investment made when you don't know what you're doing. Accordingly, a calculated risk is taken when you actually know what you're doing or you're making informed decisions. This applies to Bitcoin since users are aware that there will ever be 21 million Bitcoins in circulation.
In contrast, there are 7.8 billion people on earth, and this number is expected to grow to 8.5 billion and 10 billion in 2030 and 2050, respectively. This means that more people will realize the potential of this asset as time passes. And more hands will want a share of the limited coins.
Therefore, it could translate to a single Bitcoin being shared among 476 people. And given that Bitcoin has a fixed supply and its supply to the market is halved every four years, this increasing demand could surge its price significantly.
Conclusively, supporting the Bitcoin revolution while it is still at its early stage can give you an advantage over others in the near future. Besides, not investing in the asset at all would be riskier than doing so today.