Bitcoin was only 8 cents ($.08) in 2010 and today the price is over 28 thousand dollars ($28,000)
That’s crazy right?
This means that if you had invested $1000 at $.08 in Bitcoin in 2010, that investment would be roughly worth over $287 million dollars today. And that’s if you did nothing but hold the coins and did no trading whatsoever. There are certain advantages and disadvantages to putting your money in Bitcoin rather than a bank. Bitcoin is a decentralized digital currency that operates independently of traditional banking systems, and it has the potential to provide greater financial privacy and autonomy for its users.
However, Bitcoin is also a highly volatile asset, with prices that can fluctuate rapidly and unpredictably. It is also subject to regulatory changes and other risks that could impact its value or availability. Additionally, unlike banks, Bitcoin is not insured by the FDIC, so there is no guarantee that you will be able to recover your funds if something goes wrong.
Ultimately, the decision to invest in Bitcoin or keep your money in a bank depends on your own risk tolerance, financial goals, and personal circumstances. It is important to carefully consider all of the factors involved and seek advice from qualified professionals before making any investment decisions.
