When it to investing in Bitcoin and crypto, most people are trying to find a way to change their lives financially. There has long been a theory about how long it takes to build long-lasting wealth in this market. During your first full cycle, you can make great gains. In your second full cycle, you can become rich. Finally, in your third cycle, you can obtain generational wealth.
Since Bitcoin has come into existence this has always been the case, but that opportunity will not last forever. It’s natural that as the price of Bitcoin soars and reaches new heights, it will begin to move at a slower pace. The truth is that we have already begun to see this happen. During Bitcoin’s first cycle, it went up by more than 10,000x. The next cycle saw it go up hundreds of times. Finally, during the last cycle from the bottom to the top, Bitcoin rose by nearly 20x.
What this all means is that your opportunity to get rich with not only Bitcoin but also crypto is running out.
Early investors in Bitcoin had a unique opportunity in that this was the first time in recent memory that retail buyers front-run Wall Street, VCs, and countries in the market. Wall Street couldn’t invest in something that was as volatile, risky, and had such a questionable reputation. This is one of the reasons crypto experts have been predicting that Bitcoin would eventually cause the largest transfer of wealth that the world has ever seen.
However, Wall Street is officially entering Bitcoin. The news that spread around the world like wildfire, was the announcement that BlackRock was entering Bitcoin by applying for a Bitcoin spot ETF. It was an announcement to the world that Bitcoin isn’t going anywhere, that BlackRock believes in it, and that it could be the next big thing. It was also a signal to the rest of the world that it was time for them to enter the market as well. Just days after BlackRock’s announcement, several other companies would also file for spot ETF. Something important to keep in mind is that throughout the entire duration of SEC essentially making crypto enemy number one. Throughout that process…
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