Why It’s Not Too Late to Invest in Bitcoin

 Let this be your newsflash. No matter what anybody tells you, it’s not too late to invest in Bitcoin. Yes, it’s true that the price of Bitcoin is going parabolic, and yes, it’s true that Bitcoin is up nearly 260% in one year. That said, in this Progressive investor post, you’re going to learn that the fun is just beginning and that continuing to HODL in the long run is going to pay off for you handsomely. Even if you don’t have the capital that a large investing firm has.

Here are just some of the reasons it’s not too late to invest in Bitcoin: 

• The institutional investing we are seeing now will pale in comparison to what it will be like over the coming years.
• The overall awareness of Bitcoin and those that choose to adopt it on an individual level will continue to accelerate.
• The world of decentralized finance is continuing to mature and become more and more fundamentally valuable.
• More and more traditional banks are going to offer crypto services.
• Bitcoin halving events will continue to accelerate scarcity and prevent inflation.
• Governments have no choice but to keep printing money, which devalues the traditional financial system.

Let’s take a deeper dive into why it’s not too late to buy Bitcoin.

The Acceleration of Institutional Investing in Bitcoin

Much is being made of the institutional investing in Bitcoin and Ethereum that ramped up in 2020. Consider that famous billionaire investors like Paul Tudor Jones and Stanley Druckenmiller are investing. As is Jack Dorsey the CEO of Twitter and payments solution Square. PayPal and J.P. Morgan bank are also investing.

Billions and billions of dollars are being poured into Bitcoin by people and entities that have a lot more capital than you and I do. It might seem like you’re late to the party when you hear all this news, but it’s still early.

In 2021, we are going to see the launch of an initial public offering by a competing crypto exchange, more billionaires and retail investors buying Bitcoin because they believe it still has upside, and another parabolic move that represents a fundamental shift in the way institutions view Bitcoin, Ethereum and other cryptocurrencies.

Consider that publicly traded companies like Tesla Motors increased in value by 700% last year. Nobody can promise you the same upside in Bitcoin over the next 12 months, but you can probably beat most major stocks.

Bitcoin Adoption and Awareness Is Growing

Bitcoin adoption is going to continue no matter what regulators or detractors have to say. If Bitcoin has proven anything over the last 12 years, it’s that no matter how many people or institutions declare that Bitcoin and other cryptocurrencies are dead, the industry continues to chug along.

The coronavirus pandemic will continue to be one of the catalysts that pushes Bitcoin forward this year and beyond, but there are other facets to consider with regard to increasing adoption. Like the fact that billions of people in developing nations who don’t have access to a bank account and perhaps didn’t have access to technology 10 years ago now have that access. They are going to want to participate in the global economy.

Media outlets who didn’t take cryptocurrencies seriously a decade ago are now covering it on a daily basis, like CNBC for example.

The awareness that Bitcoin exists is at an all-time high just like the price, but as the old adage in business goes, it takes 6 to 7 impressions to sell somebody on an idea. Somebody who first heard about Bitcoin three years ago might only be coming around to it for the second or third time now. Here we are in 2021, and a lot of those investors are starting to pay attention because they’ve had enough exposure and are ready to dive in. Other factors will contribute to new investors taking the plunge.

Decentralized Finance Is Adding Fundamental Value within Cryptocurrencies 

At the moment, more than $28 billion Canadian in capital is tied up in decentralized finance projects according to DefiPulse.com. One year ago, that number was just over $1.1 billion. Imagine getting in on the ground floor of DeFi and having your capital grow 28x.

The good news is you haven’t missed out, because the fundamentally important part of all this growth we are seeing is that decentralized finance projects are delivering as promised. They are allowing investors to invest, lend out, borrow and collateralize without using financial advisors and paying all the fees that go with that. Yes, investors do pay fees to the blockchain, but those costs will get lower as innovation accelerates.

Most of these projects currently exist on the Ethereum blockchain, but Polkadot and other blockchains are going to continue to help developers and investors innovate in ways that we don’t even know about yet. There’s a lot more to come. The world of decentralized finance is just getting started.

Traditional Banks Have No Choice but to Offer Cryptocurrency Services

Two different banks became the first chartered banks in America last year (and are officially allowed to offer cryptocurrency services). There is an entire generation of young millennials investing in cryptocurrency that are going to accept it as a natural part of their lives as they advance in their careers, grow their income and grow in their desire to invest capital and see it compound.

This means banks will have no choice but to join the foray because offering cryptocurrency services is another opportunity for those institutions to earn interest and fees. That’s how all banks make their money.

There may only be five major banks in Canada, but there are hundreds in the United States, and perhaps millions of them around the world. If only two chartered banks are currently offering cryptocurrency to their clients, it’s obviously a signal that you’re not too late to join the party.

When cryptocurrency services become commonplace in the traditional financial world, a melding of the two worlds will become obvious to everybody. That’s when cryptocurrencies will be a bigger part of everyday society than they have ever been before.

Bitcoin Halving Events Will Continue to Curb Inflation and Drive Scarcity

Scarcity creates value. That’s true in any market. Every four years the number of new Bitcoin that miners get as a reward for validating transactions on the blockchain gets cut in half. Every time this happens, the subsequent year usually leads to a drastic acceleration in the price of Bitcoin. The last halving event took place last spring 2020, and here we are seeing more than a 100% growth in the price since then.

When the halving event occurred in 2016, we saw a nearly $30,000 Bitcoin by the end of 2017. This trend is foolproof and it will happen again in 2025. History repeats itself and nobody can ever counterfeit or print extra Bitcoin. If you understand why printing money is dangerous, Bitcoin is a no brainer.

Speaking of printing money…

Governments are Devaluing Traditional Money

Joe Biden is officially the President of the United States of America. He’s instituting a $2 trillion USD stimulus bill to give every American a $2,000 USD check. When Donald Trump’s administration did the same thing early last year and gave everyone a $1,200 check, an incredible number of Bitcoin transactions for exactly $1,200 were registered on the blockchain shortly after.

It’s only logical that if people around the world are given money without having to work for (even if not working is only temporary), it means that a basic level, humans are creating less value but being paid more for it. Obviously, they don’t have a choice with the pandemic spreading, but the world is still going to feel the effects in the long run. Secondly, if everybody has money, it means the cost of goods and services will have to rise too.

It is impossible to inflate the number of Bitcoins in circulation. There will only ever be 21 million bitcoins in existence and most of those coins are already in circulation.

Investing with stimulus money is a fun ride for everyone whether they are investing in cryptocurrency or traditional financial markets. Eventually however, society is going to foot the bill for that. When that happens, the world will see more capital move into safe haven assets like traditional gold and cryptocurrencies on a level we’ve never seen before.

Now Is the Time to Get Started

We’ve established that it’s not too late to get into Bitcoin and cryptocurrency investing. The best way to get started is to sign up for a free account at Netcoins. Netcoins is a cryptocurrency exchange serving Toronto, Vancouver and the rest of Canada. You can invest in top cryptocurrencies like Bitcoin, Ethereum and Litecoin, or top stablecoins like U.S. Dollar Tether token and Canada’s own QCAD token.

You can deposit Canadian dollars using online bill payments, e-transfers or a credit card. Register for a free account before you have to do any Know Your Client verification and get some of the best exchange rates in the country today.

If you’re looking to purchase Bitcoin or other cryptocurrencies, buy Bitcoin with Netcoins. Netcoins is a fully regulated crypto trading platform in Canada. Sign up today!

It’s no too late to invest in Bitcoin and this Progressive Investor post proves it. There’s no better time than now to get started.