Bitcoin Inertia

Bitcoin Inertia refers to the state of being whereby you get all the information you need to take action but you end up doing nothing!

Nearly a third of the world's population has heard of Bitcoin as of right now. but is Bitcoin still a reasonable investment in 2021?

What's even more fascinating is that the Bitcoin revolution is only getting started. The number of capital gains that I've provided you with will only increase in the years ahead. Investing in Bitcoin now will pay you handsomely in the long run.

A guarantee for the US dollar is also possible, but its bad news for you since the currency's depreciation will continue to rise, as it has for the last 50 years. It's up to you to decide what you want to do with this information in order to safeguard your financial future. In case you haven't already heard, Bitcoin is an opportunity that will come around just once in your lifetime.

The cost of doing nothing with Bitcoin is something you should consider when making decisions with Bitcoin.

To begin, let me take you back to the year 2010. The value of Bitcoin was light years ahead of what it is now since it had just been listed on the New York Stock Exchange in U.S. dollars.

Suppose you bought $1,000 worth of Bitcoin in October 2010 and now it's November 2011. Bitcoin had a value of $0.11 at the time. You could have purchased 9090 BTC for $1,000.

With a Bitcoin price of $56.6K at the time of writing, you'd have $514,494,000. You would have made +51,449,300% on your investment. This was a fantastic performance that says everything about the talent involved.

Alternatively, you might have chosen to do nothing and miss out on the Bitcoin opportunity. Who, after all, was optimistic about Bitcoin's prospects in 2010? Because it was still considered a nerdy technology by those who had heard of it, very few people were aware of it.

Some may argue that learning about Bitcoin in 2010 was tough since it was difficult for them to find out about it.

Only a handful of individuals on Earth were aware at the time of Satoshi Nakamoto's groundbreaking invention. Bitcoin was a new concept to me until 2014. Because I'm a software engineer, I had an advantage over the ordinary person in being the first to see this revolutionary technology.

Bitcoin’s Massive Gains

In late 2013, as Bitcoin's price surpassed $1,000 for the first time, the media began to pay more attention. As a result, starting in 2015, you had a better chance of capitalizing on the Bitcoin opportunity.

Bitcoin was worth $265 in October of last year. You had the option of purchasing 3.77 BTC. The price of one bitcoin is now $56.6K, so you'd have the equivalent of $213,382 if you sold it now. The stock price increased by 21.230 percent. After just six years, things have become quite intriguing.

It's conceivable, though, that you were not aware of Bitcoin in 2015. Time travel to October of 2020. A pandemic known as COVID-19 has just broken out around us. It was an extremely dangerous time for the currency markets, and everyone's eyes were on Bitcoin as it was set to go on an incredible Bull Run.

Also See: Has the Luster Worn off Gold?

In other words, if you lived in 2020, you would have heard of Bitcoin. Whatever your decision about the monetary revolution, you had the opportunity to make use of it.

At the beginning of October 2020, the price of Bitcoin was about $11K. You'd have had 0.09 BTC if you'd purchased $1,000 worth of Bitcoin. If you'd held on to your Bitcoin for a year, you'd be worth $5,094 now. This is still an increase of 409%.

Your buying power, on the other hand, would have decreased by -5.25% in only one year. When everyone was pointing out that Bitcoin was a fantastic hedge against monetary inflation in 2020, the cost of doing nothing with it would have been very high in just a single year.

To Sum it Up

The value of Bitcoin was light years ahead of what it is now since it had just been listed on the New York Stock Exchange in U.S. dollars.

With a Bitcoin price of $56.6K at the time of writing, you'd have $514,494,000. You would have made +51,449,300% on your investment.

If you lived in October 2015, you would have heard of Bitcoin, and had the opportunity to purchase 3.77 BTC (or 0.09 BTC) for $265. The price of one Bitcoin is now $56.6K, so you'd have the equivalent of $213,382 if you sold it now.

This is still an increase of 409%. Your buying power, on the other hand, would have decreased by -5.25% in only one year.