Some say that is pretty high, but high against the past, but will it be high against the future? Michael Saylor says that Bitcoin has been going up 40 percent per year in the past 4 years.
Well 40 percent a year sounds like a great investment, of course past performance does not mean it is guaranteed in the future, but some do say by 2045 bitcoin could be as high as 13 million dollars.
Well can you imagine if you can get even on tenth of a bitcoin? Then if bitcoin goes for 13 million sometime in the future, then with just one tenth, one can still have 1.3 million dollars.
So one might have a goal to just have one tenth of a bitcoin, but why stop there? Once you get to one tenth of a bitcoin, then keep going and try for 20 percent of a bitcoin and go onward.
Maybe it is time to buy some bitcoin, if one hasn't started to start buying some bitcoin. I was talking to someone recently to make up his mind to buy at least $100 of bitcoin per week. He did like that idea.
I have talked to some young people and say, if you don't have a lot of money, then maybe buy just $10 of bitcoin a week. Maybe it is just good to start buying, as this is something that will eventually keep going up.
In the Bible there is mention of the money failing at the time when Joseph was ruling Egypt. Well money fails all the time. Back in the days of gold coin, people probably watered down with gold with other metals, and to the point that no one wants that gold, mix with other metals.
We do the same with our fiat currencies. We print more money and now the money is watered down and the buying power is watered down, and cannot buy what it used to.
The problem is that they keep one watering down our money. Have you seen the price of eggs lately? It cost more money to by the same dozen eggs as in years past.
What is good is that even Trump and Robert F Kennedy Jr. are endorsing Bitcoin and crypto.
The world is changing and is more accepting to bitcoin.
Michael Saylor, even says, do not sell your bitcoin. Just like you would not want to sell your property that you want to keep, but borrow against it. We might not be able to borrow against our bitcoin at the moment, but there maybe financial instruments later on where we could borrow against our bitcoin, but always keep our bitcoin.
This way you will always have generational wealth, wealth that can be passed on.
So it is good to invest in something that will keep going up over time.
Let's end with scripture, Then he that had received the five talents went and traded with the same, and made other five talents. Matthew 25:16.
If you enjoyed this blog, please upvote and follow.
Thank you, David.
Image is from pixabay.com