ZoneBitcoin EditorialSome people may feel like it's too late to invest in Bitcoin. After 15 years of existence and prices which have reached peaks (today Bitcoin is around $35,000), we might think that it is too late to be interested in it.
In reality, this is a misleading idea.
In this article, we will explore why it is never too late to dive into the world of Bitcoin, whether as an investor or simply as a curious person eager to understand this technological revolution.
Reason #1: We are still early in Bitcoin adoption
Although Bitcoin was created in 2009, its journey to widespread adoption is still in its early stages. It is a financial technology that radically breaks with the old conception of finance. Bitcoin is a paradigm shifter and in this, it must be understood that it takes years to be fully “understood” and “assimilated”. Certainly, many individuals and institutions are beginning to recognize the benefits of Bitcoin as a store of value, means of payment and as a financial asset. However, even today, the majority of the world’s population has yet to adopt Bitcoin in a significant way.
According to Chainalysis, in total, more than 460 million Bitcoin addresses have been created since Bitcoin's launch. It should also be mentioned that some people have several bitcoin addresses at the same time. This is a figure that shows that we are still far from mass adoption.
According to another study by Techopedia, there are 219 million Bitcoin holders worldwide, or approximately 2,74% of the world's population. It's still very weak.
Bitcoin adoption is a gradual process that depends on factors such as public awareness, regulation, security, ease of use and general trust.
There are still many challenges ahead and obstacles to overcome for Bitcoin to reach its full potential. From a historical point of view, we can think that we are still only at the beginning of its adoption.
Reason 2: There are always investment opportunities
If you look at the price of bitcoin, you will notice that new highs are often followed by significant declines. The price of Bitcoin experiences continuous fluctuations, which creates countless opportunities for investors. Currently, for example, as we write this article, the value of Bitcoin is less than half compared to its historic peak in 2021 when the price reached $69,000.
This suggests there is room for future growth and potential returns on the investment. Although the volatility of bitcoin tends to reduce over time, it is still very present.
Thus, it is possible to take advantage of the opportunity following the drop in the price of bitcoin. By buying Bitcoin at lower prices when some holders are selling due to current market conditions, you can position yourself for capital gains in the future when the value rebounds.
For example, in October 2022, the price of bitcoin had fallen to $15,000. In the space of a year, it has increased in price by 64% and is today at $35,000. In the space of one year for example, if you bought bitcoin, you would have doubled your investment.
Reason #3: it is likely that the price of bitcoin will increase in value over time
The Bitcoin protocol has a maximum cap of 21 million units, similar to the scarcity of precious metals like gold and diamonds. However, Bitcoin will become even more scarce over time. Moreover, many bitcoins were lost due to users losing private keys, making it an even rarer asset. This scarcity could determine the rise in the price of Bitcoin in the future. However, this would still not be enough. Many other factors combined can make us think that Bitcoin continues to increase in value over time.
As we have seen recently with the request forETF by BlackRock for example, Bitcoin is increasingly accepted by institutions around the world. After years of misunderstanding and doubts, banks are still interested in Bitcoin. This growing adoption of Bitcoin by businesses and individuals further solidifies its value and potential as a long-term investment.
Likewise, more and more shops and businesses accept bitcoin as a means of payment. Countries like El Salvador and the Central African Republic have made bitcoin legal tender.
All this tells us that there are serious indicators which show us that Bitcoin will very likely be ever more present in the future. However, remember that we are not diviners and cannot predict the future. We can just make probable estimates
Reason #4: Your bitcoins can be used in everyday life
We arrive in the strongest and most important reason in our opinion. It is important to never forget that bitcoin is a tool that allows you to regain your financial freedom. You are not obliged or forced to invest in bitcoin solely with the aim of making capital gains. Yes, very poor communication by the mainstream media may have overemphasized this point by omitting the essentials. Bitcoin is an alternative to the traditional financial service that allows everyone to be able to fully control their finances. By owning bitcoin, you can enjoy them freely and use them in everyday life. Today we can buy almost everything with bitcoin even luxury cars ou travel around the worldEg.
You can get paid in bitcoin, pay other people in bitcoin, and all without having to ask anyone for permission. By investing in bitcoin, you immediately open up a range of possibilities.
This is why it is never too late to invest or buy bitcoin. With bitcoin, you preserve your policy regarding your financial assets.
—> Read the article: Bitcoin is much more than a currency, it is the guarantee of our freedom
Final word
If you thought you had missed the bitcoin train, you must have realized that this is not the case. It is never too late to invest in bitcoin or to get interested in it. Even if you invested at the highest price, you have an asset that has considerable potential.
That said, of course, a catastrophic scenario could occur where the price of bitcoin could collapse. Certainly, but what must be understood is that it would not lose its usefulness.
In fact, when you understand all the advantages of Bitcoin and what it represents in the future of finance, you will understand that it is always the right time to invest in Bitcoin.
FAQ
How could bitcoin evolve in the future?
Bitcoin's potential use cases play a significant role in determining its long-term value and whether it's too late to invest. Several factors indicate that Bitcoin adoption and utility will continue to grow in the future.
What will the price of Bitcoin be in 2025?
We cannot predict the future and absolutely no one can. The price of Bitcoin is influenced by many factors, including market demand, adoption, regulation, macroeconomics and market psychology.
However, many traders and financial experts make estimates about the price of bitcoin. Some predict that the price of bitcoin in 2025 could exceed the ATH of 2021, following the halving. Some people like Arthur Hayes predict that bitcoin will reach $100,000. Still other, more enthusiastic people believe that one day bitcoin will reach a million dollars.
When will all bitcoin be fully mined?
All Bitcoins will be completely mined by the year 2140, according to the design of the Bitcoin protocol. The block reward for miners is cut in half approximately every four years in an event called a halving, and this reduction continues until the total number of Bitcoins reaches 21 million. This contributes to Bitcoin's scarcity and intrinsic value.
What will happen when all bitcoins are mined?
When all bitcoins are mined, there will be no more new bitcoins created as rewards for mining, and miners will rely on transaction fees for their remuneration.
Will the price of bitcoin still rise?
Again, no one can predict with accuracy. The price of Bitcoin, like that of any other financial asset, is subject to volatility and fluctuations. It is likely that the price of bitcoin will rise in the future because Bitcoin is deflationary. However, we cannot be certain that this increase will be continuous over time. Although Bitcoin has seen significant growth since its inception, it has also seen significant declines at times.
What is the future of Bitcoin?
The future of Bitcoin is subject to much speculation and uncertainty. Adoption will likely continue to grow across the world. This will concern both individuals and institutions as we can see with the ETF submissions by BlackRock For example. We can also think that the regulations are clearer and more general in different jurisdictions around the world.
Is it too late to buy Bitcoin?
As we have seen in this article, it is not too late to buy bitcoin because at each period you will be able to benefit from the advantages of bitcoin, other than as a simple financial asset. In reality, it all depends type of bitcoin investor who you are and what you are looking for when investing in bitcoin.
