While some older forms of cryptocurrency have been in existence since the 1980’s, most people learned about cryptocurrency through the lens of the monumental rise of Bitcoin. Founded in 2008 under mysterious circumstances, Bitcoin has taken us on a roller coaster ride of epic proportions and created many “new rich” in the process.
Just imagine if you had purchased 10 Bitcoin in October of 2013 when a single coin went for around $164. As of this writing, one Bitcoin is worth $33,863, which means your original investment would now be worth $338,630. Of course, you would have had to fight the urge not to sell your investment when Bitcoin hit $20,000 for the first time in 2018, and then you would have to fight the urge once again when it dropped below $4,000 in the winter of 2019.
While nobody knows where Bitcoin goes from here, some experts say Bitcoin could easily surpass $300,000 or more in value in the coming years. On other other hand, plenty of experts say it’s doomed to fail. In fact, famous investor Kevin O’Leary recently said in a YouTube video that he wouldn’t invest in Bitcoin because it is a “giant nothing-burger.”
What About Other