The four most expensive words in the English language are, “This time its different.”
Sir John Templeton
I want to clarify that buying Bitcoin is not as expensive as you think. Many do not understand that you could buy Bitcoin for about $100. Even though Bitcoin is sitting above $30,000 at the time of this writing, you can buy a fraction of Bitcoin. You do not need $30,000 to buy and own Bitcoin. You can buy a fraction or buy a part of one Bitcoin.
You can compare buying Bitcoin or any cryptocurrency to buying fractional shares of a stock. Robinhood, Charles Schwab, and other brokerage companies offer this to their investors who want to own shares of stock. Some stocks are over $1,000. A few are Google, Amazon, or Chipotle Mexican Grill. Investors can buy a fraction of a share and own part of these stocks. The same opportunity is available for owning cryptocurrencies.
If you are a new and never bought Bitcoin, you can still buy the cryptocurrency. The price of Bitcoin is as high as buying a car and only appreciating. You can buy a fraction or part of Bitcoin.
If you wanted to buy Bitcoin today, you could buy Bitcoin for a few dollars. The price of Bitcoin varies depending on the exchange you use. You will most likely pay an exchange fee for the transaction.
Just as I was writing this, my phone alerted me that Bitcoin crossed $31,000 before reaching a new high of $33,329. In the past month, Bitcoin went from $17,000 30 days ago to now over $30,000. This cryptocurrency is making a run to be a top investment for 2021.