You Are Not Late: Buying Bitcoin In 2023

Investing in Bitcoin now does not mean you are late. In fact, you are still so early. Over the years, Bitcoin has evolved into a mainstream investment asset and many people are still hesitant to invest in it, believing that they have already missed the boat. But the reality is quite the opposite. If you invest in Bitcoin now, you are not late; in fact, you are early. In today's article, we will explore why Bitcoin is still a valuable investment and why 2023 is still early to invest in it.

Bitcoin Has Proven To Be a Valuable Investment

Bitcoin's value as an investment asset has been on the rise since its inception. In 2020, Bitcoin's price increased by over 300%, and with more institutional investors and corporations investing in Bitcoin, this upward trend is likely to continue.

Bitcoin's limited supply makes it a scarce asset, similar to gold. There will only ever be 21 million bitcoins in circulation, and currently, over 18 million have already been mined. This limited supply gives Bitcoin a scarcity value, making it an attractive investment asset over a long period of time.

Bitcoin's Network Effect is Growing

Bitcoin has a large and growing community of users, developers, and investors who are working to improve the currency's infrastructure and expand its use cases. As more people use Bitcoin, its network effect grows, making it even more valuable.

Bitcoin is a Hedge Against Inflation

Governments and central banks around the world are printing money at unprecedented rates. This massive influx of money into the economy has led to fears of inflation, which could significantly devalue fiat currencies. In such uncertain economic times, Bitcoin's scarcity value and limited supply makes it an attractive investment asset and a hedge against rising inflation.

Bitcoin Adoption is Still Growing Worldwide

While Bitcoin has come a long way since its inception in 2009, it is still a relatively new asset class that is gaining more acceptance and adoption worldwide. In recent years, Bitcoin has gained momentum as a legitimate investment asset, with a growing number of investors, institutions and corporations investing in it. Here are some reasons why Bitcoin adoption is still growing worldwide:

1. Increasing accessibility: Investing in Bitcoin has become more accessible to retail investors with the rise of crypto exchanges and investment apps. This increased accessibility has led to more people investing in Bitcoin, further increasing its demand and value.
2. Institutional adoption: Institutional adoption of Bitcoin has also been on the rise, with companies like MicroStrategy and Tesla investing billions of dollars in Bitcoin. This institutional adoption is likely to drive up demand for Bitcoin and increase its value.
3. Growing network effect: As more people use Bitcoin, its network effect grows, making it even more valuable. This network effect has been driving the adoption of Bitcoin as more merchants and businesses start accepting it as a payment method.
4. Global inflation concerns: As mentioned above, with governments and central banks around the world printing money at an unprecedented rate, there are growing concerns of inflation. Bitcoin's scarcity value and limited supply makes it an attractive investment asset and a hedge against inflation.

Bitcoin is Still a Highly Volatile Asset

Despite its increasing popularity and value, Bitcoin is still a highly volatile asset. Its price can fluctuate significantly within a single day, making it a risky investment for some. However, for those willing to take on the risk, and hold out long term, Bitcoin can be a highly rewarding investment when buying during these early volatile times.

Bitcoin Technology is Improving

One of the criticisms of Bitcoin in the past was its clunky infrastructure, with slow transaction times and high fees. However, Bitcoin's infrastructure has significantly improved in recent years, with the development of the Lightning Network. The Lightning Network is a second layer solution that operates on top of the Bitcoin network and allows for faster and cheaper transactions. The Lightning Network has significantly improved Bitcoin's usability, making it more appealing to mainstream users and investors.

You can read more about Bitcoin's Lightning Network and its significance in one of my previous posts:

The Lightning Revolution: How Bitcoin Lightning is Reshaping Cryptocurrency

Cryptocurrencies have been around for over a decade now, and Bitcoin is undoubtedly the king of the crypto world. However, despite its dominance, Bitcoin has struggled with scalability issues that have hindered its adoption as a widely-used payment system. Transactions on the Bitcoin network can tak…

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Additionally, Bitcoin's blockchain technology is continuously being improved to address its scalability issues. The development of layer 2 solutions like the Lightning Network and layer 1 improvements like the SegWit upgrade have significantly improved Bitcoin's scalability. These improvements ensure that Bitcoin can handle more transactions per second, making it a more practical and functional currency.

Only 4 of Bitcoin's Halvings Have Occurred

Another reason why investing in Bitcoin now does not mean you are late is the fact that Bitcoin has only completed four of its halvings. A halving is an event that occurs every 210,000 blocks mined, reducing the block reward that miners receive by 50%. The halving is a key feature of Bitcoin's monetary policy, ensuring that the supply of Bitcoin is limited.

Bitcoin's next halving is expected to occur in 2024, which will reduce the block reward from 6.25 BTC to 3.125 BTC. This halving will further reduce the supply of Bitcoin, making it even scarcer and increasing its value. Historically, Bitcoin's price has increased significantly following a halving event, and there is no reason to believe that the upcoming halving will be any different.

Furthermore, Bitcoin's limited supply and the halving events ensure that the rate at which new Bitcoin is mined decreases over time. This ensures that Bitcoin's supply is finite and that its value is protected from inflation. As Bitcoin's supply becomes scarcer, its value is likely to increase, making it a valuable investment asset for the long term.

You can read more about the Bitcoin Halving and why it is so significant in my previous post:

The Halving Effect: Exploring the Significance of the Bitcoin Halving

Bitcoin, the world’s largest and most popular cryptocurrency, has one of the most advanced and unique monetary policies. Unlike traditional currencies, which are controlled by central banks and governments, Bitcoin is decentralized and its supply is limited. This is achieved through a process known…

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Final Thoughts

Investing in Bitcoin now does not mean you are late, but rather you are early to the game. The world's first decentralized digital currency has evolved into a mainstream investment asset. Bitcoin's value as an investment asset has been on the rise for the past few years, with more institutional investors and corporations investing in it. The limited supply of Bitcoin makes it a scarce asset, similar to gold, which gives it a scarcity value, making it an attractive investment.

Bitcoin's network effect is growing, and its infrastructure is improving, which makes it faster, cheaper, and more appealing to mainstream users and investors. Furthermore, Bitcoin technology is continuously improving to address scalability issues and to make it a more practical and functional currency. With the rising popularity of the Lightning Network, Bitcoin now has new use cases for every day investors and businesses, which further increases its utility and value.

Lastly, Bitcoin has only completed 4 of its halvings, with the next coming up in 2024. This upcoming halving event will further reduce the supply of Bitcoin, making it even scarcer and increasing its value. Therefore, investing in Bitcoin now can be highly rewarding for the long term, but it is important to understand the risks involved and invest responsibly.