‘My retirement is totally in bitcoin’: Why don’t extra individuals do what I do?

Expensive Quentin,

I’ve managed to accumulate one bitcoin. I’m a 51-year-old single girl, and I’m a totally signed-up bitcoin follower. Given the volatility, I don’t need to money it in, as I don’t suppose the crypto market is “bubblish.” Once I first purchased bitcoin it was $48,000, after which it fell to $16,000. I purchased it on the fallacious time, however anybody who has ridden the storm as soon as isn’t nervous about this downturn, they usually’re shopping for furiously. My automotive is a bit of s—, however there’s no means I’m spending any cash on something apart from bitcoin.

With bitcoin, there’s a restricted provide and it’s not run by one group or one individual. An enormous drop occurs each couple of years, and it’s usually what occurs earlier than an enormous pump. The consensus amongst some observers is that there’ll be an enormous pump on the finish of the 12 months to $200,000. You’ve had banks and nation states shopping for into bitcoin and exchange-traded funds. I’m not a monetary whiz child, however buyers try to carry the value down to allow them to purchase as a lot as attainable, making an attempt to scare the weaker arms.