11-02-2020, 01:59 PM
A Couple of Reasons in my Mind Why Buying Bitcoin is a No Brainer
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/jmgpca/a_couple_of_reasons_in_my_mind_why_buying_bitcoin/"> <img src="https://a.thumbs.redditmedia.com/fOM6CdxmsBuZqrLzadQhaioWPXEsBN8OwJs-Lbpr1c4.jpg" alt="A Couple of Reasons in my Mind Why Buying Bitcoin is a No Brainer" title="A Couple of Reasons in my Mind Why Buying Bitcoin is a No Brainer" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Now and then, people (especially newcomers) wonder whether they're still doing it right by buying Bitcoin at the current price.</p> <p>They often think they're already too late and had missed the boat.</p> <p>​</p> <p><a href="https://i.redd.it/5dowxvm13rw51.gif">Did you miss Bitcoin?</a></p> <p>But here are a couple of reasons, in my opinion, why buying Bitcoin right now is a no-brainer.</p> <p>​</p> <p><strong>1. There are very few proven assets that offer the same promise of yield over the next decade or so.</strong></p> <p>When you think about failing bank interest rates, the stock markets average 7-10 annual return for indexes, government bonds, and even gold; there are no assets that come close to Bitcoin in terms of annual yield in the long-term.</p> <p>Over the past ten years, five years, and even this year amid the pandemic, Bitcoin has yielded investors' highest returns.</p> <p>It's up around 70% YTD, and every-time Bitcoin drops 15-20%, it typically rebounds to recover way more than it lost.</p> <p><strong>2. The 21 Million Limit Has Been Key</strong></p> <p>Bitcoin's 21 million supply cap and the issuance schedule triggers the feeling of scarcity and why most people (including corporations are buying).</p> <p>We are talking about the most scarce and valuable asset in the market right now, yet not many people get it. </p> <p>Publicly-traded companies <a href="https://bitcointreasuries.org/">currently hold some 786,059 BTC</a>, while large funds like Grayscale are still getting started, in my opinion, with around $5 billion in assets under management (AUM). Grayscale's Bitcoin fund will, at some point in the future, hold $100 billion in AUM, and we're just getting started.</p> <p>Meanwhile, we're yet to talk about retail investors' supply being consumed on exchanges and apps like Cash App. </p> <p>Oh! and PayPal recently started selling Bitcoin too out of the 21 million cap.</p> <p>The real scarcity is yet to kick in but is almost here.</p> <p><strong>3. Regulation is Still Happening</strong></p> <p>Many countries still prohibit citizens from buying Bitcoin or make it seem like a crime (India is a good example). As more countries begin to regulate, rather than frown at Bitcoin as an investment, one can only imagine the rate of new entrants to the market over the coming years.</p> <p>Some users also have to deal with tax headaches when they pay or spend crypto, and any regulation that lifts that burden will be critical to mainstream usage of Bitcoin.</p> <p>This has already become long, and I can still go-ahead to mention several other reasons why buying Bitcoin is a no-brainer.</p> <p>For instance, we're yet to see a Bitcoin ETF in the U.S (<a href="https://coinfomania.com/sec-chairman-says-were-closer-to-bitcoin-etf/">that will happen at some point</a>), and the number of Bitcoin ATMs globally is still just above 10,000.</p> <p>The room for growth is immeasurable, and there's little reason to doubt that people buying Bitcoin now are making a mistake.</p> <p>I won't bet that Bitcoin would be worth less in five years than it is now. If you're not willing to place such a bet, then like I mentioned at the onset, <strong>buying Bitcoin is a No Brainer.</strong></p> <p>I'm not going to make any future price prediction...</p> <p>HODL on Comrades!</p> </div><!-- SC_ON --> Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/jmgpca/a_couple_of_reasons_in_my_mind_why_buying_bitcoin/"> <img src="https://a.thumbs.redditmedia.com/fOM6CdxmsBuZqrLzadQhaioWPXEsBN8OwJs-Lbpr1c4.jpg" alt="A Couple of Reasons in my Mind Why Buying Bitcoin is a No Brainer" title="A Couple of Reasons in my Mind Why Buying Bitcoin is a No Brainer" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Now and then, people (especially newcomers) wonder whether they're still doing it right by buying Bitcoin at the current price.</p> <p>They often think they're already too late and had missed the boat.</p> <p>​</p> <p><a href="https://i.redd.it/5dowxvm13rw51.gif">Did you miss Bitcoin?</a></p> <p>But here are a couple of reasons, in my opinion, why buying Bitcoin right now is a no-brainer.</p> <p>​</p> <p><strong>1. There are very few proven assets that offer the same promise of yield over the next decade or so.</strong></p> <p>When you think about failing bank interest rates, the stock markets average 7-10 annual return for indexes, government bonds, and even gold; there are no assets that come close to Bitcoin in terms of annual yield in the long-term.</p> <p>Over the past ten years, five years, and even this year amid the pandemic, Bitcoin has yielded investors' highest returns.</p> <p>It's up around 70% YTD, and every-time Bitcoin drops 15-20%, it typically rebounds to recover way more than it lost.</p> <p><strong>2. The 21 Million Limit Has Been Key</strong></p> <p>Bitcoin's 21 million supply cap and the issuance schedule triggers the feeling of scarcity and why most people (including corporations are buying).</p> <p>We are talking about the most scarce and valuable asset in the market right now, yet not many people get it. </p> <p>Publicly-traded companies <a href="https://bitcointreasuries.org/">currently hold some 786,059 BTC</a>, while large funds like Grayscale are still getting started, in my opinion, with around $5 billion in assets under management (AUM). Grayscale's Bitcoin fund will, at some point in the future, hold $100 billion in AUM, and we're just getting started.</p> <p>Meanwhile, we're yet to talk about retail investors' supply being consumed on exchanges and apps like Cash App. </p> <p>Oh! and PayPal recently started selling Bitcoin too out of the 21 million cap.</p> <p>The real scarcity is yet to kick in but is almost here.</p> <p><strong>3. Regulation is Still Happening</strong></p> <p>Many countries still prohibit citizens from buying Bitcoin or make it seem like a crime (India is a good example). As more countries begin to regulate, rather than frown at Bitcoin as an investment, one can only imagine the rate of new entrants to the market over the coming years.</p> <p>Some users also have to deal with tax headaches when they pay or spend crypto, and any regulation that lifts that burden will be critical to mainstream usage of Bitcoin.</p> <p>This has already become long, and I can still go-ahead to mention several other reasons why buying Bitcoin is a no-brainer.</p> <p>For instance, we're yet to see a Bitcoin ETF in the U.S (<a href="https://coinfomania.com/sec-chairman-says-were-closer-to-bitcoin-etf/">that will happen at some point</a>), and the number of Bitcoin ATMs globally is still just above 10,000.</p> <p>The room for growth is immeasurable, and there's little reason to doubt that people buying Bitcoin now are making a mistake.</p> <p>I won't bet that Bitcoin would be worth less in five years than it is now. If you're not willing to place such a bet, then like I mentioned at the onset, <strong>buying Bitcoin is a No Brainer.</strong></p> <p>I'm not going to make any future price prediction...</p> <p>HODL on Comrades!</p> </div><!-- SC_ON --> Kind Regards R