I was always bad with money and I knew I had to do something about it when I had a full-time job but could still barely make ends meet. I read finance books, paid off my debts, and learned how to budget. It was all about a mindset shift and when I achieved that, I knew that I could get much more for my money rather than spending it on things I really didn’t need. When I was in a better financial situation, I decided to look into how to grow my money and I decided to do that by investing. It was 2016 when I first got into the stock market, any spare cash that I had, I would put into stocks that I believed in. And then a few months later, I discovered cryptocurrency but it was very new back then and Bitcoin was the only one that I knew about. We all know now that Bitcoin is a giant in the industry but back then, nobody really trusted crypto and knew what was going to come of it. I am going to tell you what happened when I invested in Bitcoin and I am also going to try and answer what will Bitcoin be worth in 2030?
I had always been quite forward-thinking and I decided that with the way technology was evolving, Bitcoin could definitely be the future. So I looked at the funds I had available and decided to invest a decent chunk of money into it. I put $6000 into Bitcoin when it was around $600 a share, which earned me a decent 10 shares. I didn’t want to stress too much about the highs and lows of the stock market because I knew that they would come so that is why I barely checked on my investment portfolio at all. I don’t know what I expected when I invested into Bitcoin, a 10 – 20% return would have been amazing because that is way better than what any bank pays. But boy, I got a shock with what I actually netted when I eventually sold just over half of my shares in 2021.
I followed Bitcoin a little through the years and was very happy with the money I was making but when 2020 and 2021 came by, Bitcoin absolutely soared and I could not believe it when it hit around $60,000. I had a total of $658,000 in my investing account and that amount was absolutely life-changing for me. I sold 6 of my shares for around $400,000 and bought a house outright with the money. I couldn’t believe it and neither could my family, it still felt like a dream to me and sometimes I still struggle to believe that it was real! It is amazing what your money can do if you put it somewhere that you believe it will grow and just give it time. There are many different cryptocurrencies out there right now so by all means do your research but personally, I think that Bitcoin is still the best.
Not long after I sold my crypto, there was a crash in the market, and Bitcoin today stands at $16,000, personally, I think that it will continue to go down BEFORE it starts going back up again. $16,000 is still a lot of money compared to what I initially invested of course but nowhere near as high as it was. There is no doubt that we are in a bear market right now and when Bitcoin was at its best, we were in a bull market. These are both opposite ends of the spectrum and the reason for the current crash is largely down to the economy at the moment. People are scared to invest so for those big investors in Bitcoin, a lot of them have sold, which has made the price crash. This has put off everyday sellers like you and me too, and that is why many people are still selling and driving the price down. I still have 4 shares in Bitcoin and I am not going to sell because I am confident that sooner or later, the price will rise again. Depending on how low Bitcoin goes, I might even buy some more but I will do some more analysis into that before I make a decision. Many people wonder what will Bitcoin be worth in 2030? That is hard to say for sure of course but I believe that it will reach all-time highs by then. I would say that now is actually the perfect time to buy because it has dipped so drastically. I think it could get to 4, 5, or 6 times what it is right now.
If you have some spare money and you are wondering what that would be worth if you were to invest in Bitcoin today, take a look at the following calculator right https://safetradebinaryoptions.com/usd-to-btc. If you do device to invest some of your cash into Bitcoin, make sure that you can put that money away for an indefinite amount of time without needing to dip into it. Nobody knows when crypto will pick up again but it will at some point. It is so important in life that you make your money work for you. Think of the money you fritter away on a daily basis, that money could be going somewhere really useful, Whether you are looking to retire early or you just want to be more financially free, it isn’t going to ha[[en if you just sit around.
Due to the money that I made on Bitcoin, I now consider myself wealthy and as for the shares I currently have in the cryptocurrency, I will leave that investment there and see what comes of it in the years to come. Think through your options carefully but with the economy the way that it is now, it is only a matter of time before things turn around so investing could be something that you just can’t afford to miss out on!
Also Read: How to Spend Quality Time with Your Kids.
