Let’s be honest, this is the main reason people don’t invest in Bitcoin…
Do you want to know the number one reason people don’t invest in Bitcoin or any other crypto for that matter?
Most people do not fear that Bitcoin will be hacked. Bitcoin has proven to be very secure over the course of 12 years as it’s ledger system is both online and offline.
Most do not worry about the volatility of the price of Bitcoin. If you zoom out, it is clear to many investors that the future price of BTC will continue to raise higher and higher over time. A $100k BTC or even a 1 Million Dollar Bitcoin is a realistic price prediction when looking at stock to flow charts.
There really is no excuse to not buy Bitcoin anymore. It is beyond easy to do with great companies such as Voyager (My new favorite crypto app).
The real reason some people haven’t bought Bitcoin yet is because they fear the government will somehow ban or hurt Bitcoin as an investment.
However, is this fear even reasonable in the United States?
Let’s consider some simple facts:
1) Many senators, congressmen, and other people in high positions of power are already pro Bitcoin.
2) Half of America will own crypto in less than a year. Coinbase is growing by over a million new users a week. It would be a political disaster for anyone who would try to ban crypto against so many voters.
3) It is realistic that many central banks will soon adopt Bitcoin. Just like central banks used to back their money by gold to provide value, it is reasonable to expect that central banks may soon back their fiat money by Bitcoin (the new gold).
If Bitcoin were to be squashed, the time to do that would have been in the very early stages. This ship has sailed away years ago. Bitcoin has become too powerful to stop.
Andreas Antonopolous has explained Bitcoin with the easy acronym of R.I.P.C.O.R.D. Bitcoin is: Revolutionary, Public, Collaborative, Open, Resistant, and Decentralized.
A digital gold rush for Bitcoin is underway. Although some investors have feared gov’ts might try to ban Bitcoin, it is my belief that gov’ts will actually push the price higher of Bitcoin as they race to own more than other countries.
Bitcoin has become the internet 2.0. It is a technology that will benefit any country that adopts crypto. Also, consider all the money the gov’t will collect from taxes on crypto. BTW. I use Taxbit now to help me pay my crypto taxes.
If you want more info about how the US gov’t will most likely support Bitcoin and not ban it, consider watching this debate by Michael Saylor vs. Frank Giustra.
How to buy Bitcoin!
If you are ready to buy some Bitcoin, there is a Voyager Promo right now. Download the app and buy $100 of BTC to get $25 free Bitcoin. Use code 1AE3C8 or this link to claim your BTC. Voyager users are FDIC insured up to 250k USD. https://voyager.onelink.me/WNly/referral?af_sub5=1AE3C8
About the Author
Derek McCloud has a master’s degree in education which helps him simplify complex ideas like crypto and explain them in ways that the masses can understand. He is passionate about Bitcoin and crypto because it can provide financial freedom to those who invest wisely. He hopes that people who make massive amounts of money from crypto will help him have fresh water wells dug around the world for those in need by the year 2025. To learn more about crypto and joy, check out Derek's YouTube channel.
*Nothing in this document should be considered financial advice. Do your own research. Only invest what you can afford to lose.