Is it Too Late to Buy Bitcoin?

15 Jun 2023 · 1 min

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In this commentary, the speaker argues that despite early investors already profiting, Bitcoin remains a young, 14‑year‑old technology with significant untapped potential. He highlights growing mainstream acceptance—citing companies like Tesla and PayPal—as evidence that adoption will continue. The speaker links the 2020 surge in money printing and persistent inflation to Bitcoin’s role as a volatile but viable hedge. He also points to ongoing bank failures and a fragile U.S. debt market as systemic risks that further bolster Bitcoin’s relevance, concluding that Bitcoin is “here to stay” and may still offer strong long‑term upside.

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Is it too late to invest in Bitcoin, or is the best yet to come? While it is true that many early investors have already made millions or tens of millions of dollars, Bitcoin is still a very young technology, given that it's only been around for 14 years and we're just starting to scratch the surface of its potential. All this while, Bitcoin is becoming more mainstream, with major companies like Tesla, PayPal, and many more accepting it as legitimate methods of payment, and there will definitely be more to come. With money printing literally at all-time highs back in 2020, inflation will definitely still be very high for a few more years, making Bitcoin a good, although volatile, hedge against inflation. Alongside the fact that bank failures are bound to continue and the US debt market is not looking good, let's just say Bitcoin is here to stay.