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Why Bitcoin Will Win
I’ve read and heard Bitcoin compared to the tulip mania, the dot-com bubble, religion, a Ponzi scheme, criminal currency, a way to cheat taxes, and of course Warren Buffett’s colorful description: “rat poison squared.” I’m certain that I’m omitting many of the other negative characterizations and comparisons, but while I have your eyes, I’d like to share why Bitcoin is going to win.
Before I get too far ahead, I would argue that Bitcoin already has won and is continuing its winning streak. With an estimated, 1–1.5% of the world invested in Bitcoin, a sovereign nation accepting it as legal tender, the backing of many of the world’s wealthiest individuals, and by giving birth to the entire crypto market, the question has changed from: “What is Bitcoin? to Should I buy Bitcoin?”
And while I am not a financial advisor and this is not financial advice, I personally view the opportunity of missing out on Bitcoin as being far riskier than the potential upside of having a measured portion of my wealth diversified in Bitcoin. And while I have many reasons to be bullish on Bitcoin, I will focus here on the 3 biggest reasons that Bitcoin will win.
- Technology
Look at the most valuable companies in the world today. Seven out of the top eight corporations by market cap are in the technology sector. Now, think about how much of your life is…
