From Skeptic to Believer: Investing in Bitcoin in 2020
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Google Trends for “bitcoin” , 2017 spike coincided with Bitcoin’s all time high in price Bitcoin is a polarizing subject for polarizing times. Adherents espouse a cult-like devotion (“hodl”) while public sentiment ranges from ambivalence to outright scam. Warren Buffet famously called the cryptocurrency “rat poison squared” in 2018 and remains thoroughly unconvinced of Bitcoin’s long term prospects. Like many people, I first became acquainted with Bitcoin during the 2017 bubble. By nature, I am a skeptic. I am especially skeptical when there is excessive excitement about an asset. When I spoke to people investing in the digital currency, most were driven by price movements (FOMO) rather than the potential of the technology. This was enough for me to stay away. The subsequent crash in December 2017 reinforced my perspective and I didn’t pay attention to Bitcoin for years.
From Skeptic to Believer: Investing in Bitcoin in 2020
From Skeptic to Believer: Investing in…
From Skeptic to Believer: Investing in Bitcoin in 2020
Google Trends for “bitcoin” , 2017 spike coincided with Bitcoin’s all time high in price Bitcoin is a polarizing subject for polarizing times. Adherents espouse a cult-like devotion (“hodl”) while public sentiment ranges from ambivalence to outright scam. Warren Buffet famously called the cryptocurrency “rat poison squared” in 2018 and remains thoroughly unconvinced of Bitcoin’s long term prospects. Like many people, I first became acquainted with Bitcoin during the 2017 bubble. By nature, I am a skeptic. I am especially skeptical when there is excessive excitement about an asset. When I spoke to people investing in the digital currency, most were driven by price movements (FOMO) rather than the potential of the technology. This was enough for me to stay away. The subsequent crash in December 2017 reinforced my perspective and I didn’t pay attention to Bitcoin for years.