How to Invest in Bitcoin
A 2018 Bitcoin thesis: allocate 1%, buy at market price, carry it at cost, and leave it untouched for ten years.
Two great articles about how to invest in Bitcoin from Wences Caseres, serial entrepreneur, founder of Xapo, and the man who convinced Bill Gates that Bitcoin is "better than currency".
His key takeaways:
- Take 1% of what you have, and buy bitcoin (all at once and at the market price)
- Carry it at cost
- Do not touch it for 10 years
He thinks that there is a 20% chance that your Bitcoin investment goes to zero, and a 50%+ chance that Bitcoin becomes worth $1M+ per coin in 5-10 years.
I strongly agree with his conclusion, and have invested accordingly.
Let's flesh this out a bit more. Say you put just $100 into Bitcoin today. The most you can lose is $100, but if one Bitcoin becomes worth $1M, your original $100 investment would be worth roughly $7,000.
https://qz.com/990088/how-to-become-a-bitcoin-millionaire-according-to-wences-casares-of-xapo/
https://blog.xapo.com/why-own-bitcoin/
Originally posted on Facebook on January 15, 2018:
https://www.facebook.com/thepner1/posts/pfbid02DN8xKUJKSeTzowfxnyBjkoX2saU5JdJvUgp1HHAy6nSAoE4f8uTnbsNngdfNtQgJl
