Bitcoin- 21st Century Gold Rush
Imagine that you were one of the first miners to strike gold in California, before it became known as the great American gold rush. You sold your property, mortgaged your home, and took a gamble on promises of wealth of the kind you had only ever dreamed. You invested physical effort and time to haul the element out, and before everyone else, you realize the amount of wealth that lies beneath the ground is finite. Only the front-runners, those willing to take on the risk in a leap of faith stand to profit ahead of the game.
Then consider the number of people that followed behind you. As more people heard of the wealth of gold in the land, more people came to start digging. They invested just as much, maybe more, but the available resources began to decline. With the increasing demand, the value of gold kept going up, until all those veins of shiny ore had been dug out, the source dried up.
Demand remained high as gold ruled supreme, and you and the few others who got ahead of the game are the one who rest easy on their investments. The rest of the masses, the latecomers and non-believers are left to scrabble over what little remains.
Now its time to realize that history is about to repeat itself, only this time the wealth lies in Bitcoin, not gold.
Currently, one percent of the world is holding Bitcoins. This is the beginning of the crypto currency rush, and there are many other coins out there that are jockeying for position in the lead, but at this point, Bitcoin heads the front lines.
7.5 Billion People...
There are 21 million Bitcoins that will ever exist. A small percentage are still waiting to be mined and enter the world of commerce, but even accounting for those that are waiting to be mined, there are nowhere near enough for the 7.5 billion people in the world to hold one at any price.
Bitcoin has risen some 39,999,899%
Since its creation back in 2009, the value of Bitcoin has risen some 39,999,899%. Today a single coin is worth roughly $6000. Now, as more people buy in to the crypto currency market, the demand is going to go up, in turn driving up the value of each individual coin.
Just 7 Years Later it would be worth $5 Million...
Imagine that you knew everything you know now eight years ago, and you had the foresight, or were willing to take the risk of investing in Bitcoin from the beginning. Even if you decided to wait a year after its inception, and chose to purchase one thousand coins at around $0.40 each, you would have only had to invest about $400. Today, less than seven years later, that investment would be sitting at around $5,000,000!
If history is any indication of the way things will go, many more people are going to want to buy into Bitcoin with each passing year. It’s already been determined that there is a finite supply, so even if only 1 billion people eventually want to buy in, the price and gains on your investment have nowhere to go but up.
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