Many mistakenly believe that they have missed the boat on Bitcoin. With its meteoric rise capturing headlines, many are already scrambling to figure out what is really going on and how did they not see it coming, writes best-selling author, educator and motivation speaker Jamie McIntyre.
Bitcoin could also hit as much as $100,000 and many investment managers will get sacked because they failed to hedge or leverage at least 1% or more of their portfolios into Bitcoin and other cryptocurrencies.
As it hits $10,000 AUD over $7500 USD, many think they are too late to the party and regret not getting in years ago.
I am glad I publicly informed my followers to sell their gold and buy Bitcoin once the currency hit $120 USD. I did the same as well.
I had told followers to buy gold a long time ago when it was only $200 an ounce. Over the years we have seen it rise to almost $2000 AUD.
But that was nothing compared to the almost 100 times increase Bitcoin has witnessed in the last 4 years.
However, many are going to regret not getting into Bitcoin even now.
I said back then it would go to $10,000 or possibly even $100,000 per coin and beyond.
Many simply were too busy with their nose to the grindstone to listen to what I was saying.
Just like I had since 2009/10 been telling everyone who would listen to buy US property, especially when the AUD was close to $1.10 and USD property was at its bottom.
US property recovered rapidly and houses my investment company bought for as little as $40-$50,000 grew to be worth $150,000-$200,000. Moreover, with AUD correcting from $1.10 to 75 cents- it boosted profits even further.
Some listened and made a fortune. On the other hand, many remember me and others saying it, but once again failed to act.
Many don’t realise just how fast Bitcoin will reach these heights. It may have some pullbacks, but it will continue in a rapid upward trajectory.
Investment Managers will have egg on their face and risk being fired if they don’t quickly get up to speed.
Many Investment Managers and Family Offices think it’s ok to have missed investing in Bitcoin, as it’s a tulip bubble, which will soon be over and not cost them their jobs.
However, they’re wrong.
When it continues to reach dizzying heights, they will be left with little to no exposure to one of the world’s greatest wealth redistributions mankind has ever witnessed.
This is far bigger than most can grasp.
They should be putting 1% of their portfolios into Bitcoin and emerging cryptocurrencies, even if it’s purely as a form of insurance.