The #1 question I get as a cryptocurrency enthusiast is – “Is Bitcoin a Good Investment?”. It’s funny though, because most people don’t really consider what a “true” investment is or why they invest. In fact, no one really “wants” to “invest” money unless they are a true entrepreneur. We would rather save their money in a safe place where it holds its value…but we don’t, because we can’t. Why?
This brings us to the reason Bitcoin was created by Satoshi Nakamoto back in 2008 (the year of the last financial crisis and massive bailouts of those “too Big to fail” paid for by us…the tax payer), which also answers the question “is bitcoin a good investment”? So before we understand whether or not Bitcoin is a good investment, we must first understand why do we even need an investment at all to save for college, a house, a vacation, a vacation home, or retirement.
I don’t know about you but I come from humble beginnings. In fact, I am the first person in my family to graduate from a university and achieve “middle class” status. But I realized in my late 20’s and 30’s that the “American culture” wanted me to buy a brand new car, buy a boat, take out a personal loan for our family vacation, etc., and we did! We wasted SO MUCH of our late 20’s and 30’s trying to keep up with the Joneses and simply accepting the Rat Race. But eventually I began realizing that I was getting NO WHERE.
My corporate job was a multiple six-figure position, yet somehow we were still living paycheck to paycheck! How?
And then it hit us…it’s exactly what I learned from Robert Kiyoasaki (but never listened) years prior. In the world of finance, there are assets and liabilities. We were spending all of our money on liabilities, not assets!
I believe this is true for most people still today!
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The #1 question I get as a cryptocurrency enthusiast is - "Is Bitcoin a Good Investment?". It's funny though, because most people don't really consider what a "true" investment is or why they invest. In fact, no one really "wants" to "invest" money unless they are a...