Since the first digital blockchain currency was mined way back in 2009, Bitcoin millionaires have come, gone and come again. Since then, new crypto coins have flooded the market, with some — like Bitcoin itself — rallying 1,000%, 2,000% or even more.
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In the midst of all of these incredible gains, the natural question is whether or not it’s too late to invest in cryptocurrency. Here are two expert takes on whether it’s time to buy or not.
Investing in Cryptocurrency: Too Late or Not?
Johnny Gabriele, head of decentralized finance at CryptoOracle Collective, the leading decentralized Web3 advisory service, said it’s definitely not too late to invest in the cryptocurrency market.
“The recently approved ETFs in the United States are only months old and will continue to draw attention from the wider investing world as they mature,” he explained. “The fact that the regulatory winds are shifting is very positive for this asset class. However, even with regulatory uncertainty, crypto has proven its resilience and is not going anywhere as an asset class.”
Ian Major, the co-founder of Joltz, a Bitcoin infrastructure company, said, “It’s easy to look at the meteoric rise of Bitcoin and other crypto assets and conclude that you’ve ‘missed the boat,’ but this couldn’t be further from the truth.
“With 100M or so users globally, current adoption of Bitcoin is similar to the adoption levels of the internet in 1998. We know how that went. While still early, the adoption curve of Bitcoin and crypto thus far looks like the classic S-shaped adoption curve of other transformational technologies such as electricity, automobiles, the internet and mobile phones, suggesting the vast majority of appreciation potential is ahead of us, not behind us.”
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Advice for New Cryptocurrency Investors
If you haven’t invested in crypto before or are just getting your feet wet, here’s some advice.
Stick With the Majors
“Dollar cost average into Bitcoin, Ethereum and/or Solana,” Gabriele advised. “Don’t try to catch narratives like meme…
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