Bitcoin just hit an all-time high reaching more than $64.2k per BTC. My initial Bitcoin investment doubled in gains since my initial purchase back in June/July when BTC had tanked.
In fact, I published an article whether you should buy the cryptocurrencies dip or not during this time, calling out a strong buy.
And of course if you’re part of the 110+ member Patreon group where I share my stock and crypto purchases with you, you know exactly how much I invested in this crypto.
Welcome to Franknez.com – big congrats to Bitcoin holders on this major victory. BTC continues to go up and I want to discuss whether or not it’s too late to buy this cryptocurrency.
Let’s get started!
As I’m writing this article, Bitcoin continues to climb almost hitting $64k.
Most of you know me for holding AMC stock and for being a massive advocate in the community.
Others know I hold long terms stocks as well as different cryptocurrencies.
And although AMC stock has been my baby this year, I’ve had other winning stocks and crypto in my portfolio too.
You might be wondering, is it too late to buy Bitcoin right now? Especially after this significant milestone.
In short, the answer is no, community.
And I’m going to tell you why in this article.
Bitcoin Just Reached An All Time High
When Bitcoin took a massive hit this summer, very few investors pulled their investments out.
We saw institutions liquidate their positions and many of us saw this as the perfect buying opportunity for an asset we already knew where it was headed.
There are those who underestimate the crypto despite its groundbreaking prices, and those who who predict Bitcoin will reach $100k+.
One thing we can learn from assets that have had massive upswings over a period of several years is that anything is possible.
Especially when you have a massive community behind a specific asset.
We saw this happen with GameStop, and are seeing this unfold with the AMC community as well.
And to be quite honest, I didn’t expect my Bitcoin investment to double this quickly.
End of the year perhaps, but not now.
And I’m excited because BTC can still double.
That’s right. Let’s discuss Bitcoin price predictions for one moment.
How High Can Bitcoin Go?
Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.
That’s more than 2.5 times the current price!
Bitcoin may not be in a dip right now but buying the cryptocurrency today exposes you to the bullish possibility of doubling your investment during it’s long-term runup.
And personally, I’m willing to bet on the investments with strong convictions, high price predictions, and a strong community to back it up.
Because honestly why wouldn’t you? The bank isn’t paying you squat for letting your money sit.
They’re investing it behind your back so why wouldn’t you invest it for yourself, right?
And you don’t even have to follow me. But follow those who are doing the research and taking the time to identify big plays so that you’ll be ready when they say go.
$100k, $150k, then $200k…
This price prediction is from Chamath, former Facebook executive, multi-billionaire angel investor, and early Bitcoin buyer.
Chamath predicts Bitcoin will reach 100, 150, then 200 thousand dollars per BTC.
Take a quick minute to watch this short video, community.
How long will it take Bitcoin to reach these incredible numbers? Chamath doesn’t know for certain of course. But he estimates it may happen during this decade.
The amazing thing about bitcoin is that you don’t have to own 1 BTC to actually make money.
When you decide you want to put $5,000-$10,000 in this vehicle, it will purchase Bitcoin in fractions.
So each time Bitcoin moves up, your fractions earn gains just the same.
This is where BTC really is affordable for most people to get into. You can set a budget of how much you want to invest in it.
Granted, a vehicle this massive will earn proper returns the more you actually throw in it.
Should You Buy Bitcoin Right Now?
If you bought Bitcoin back in June or July, you would have doubled if not nearly doubled your investment.
BTC has reached an all-time high which leads me to believe we’re going to see a small dip around $60k to maybe even a little below.
This will be the perfect time to add to your position or open a new investment in Bitcoin.
This of course is my prediction based on BTC’s chart pattern history.
No matter, whether you buy now or wait for a small dip, Bitcoin has major potential in the eyes of millions of investors within this massive community.
I for one continue to be extremely bullish on the crypto and will be posting to my Patreon group when I add to my position.
In fact, I just recently added 3 cryptos to my portfolio.
The purpose of this blog is to provide you with leads on hot stocks and crypto that have the potential to multiply your initial investment.
I’m not a financial advisor, I just love to write, research, and make a positive impact in the lives of other people.
Truth be told, my biggest wins are knowing you profited from stocks or crypto you read about on my site.
I can make great plays due to my research and not tell anyone about it. But I rather share the knowledge and have my readers make their own decisions based on the data at hand.
If you’ve been reading FrankNez since early this year and are profitable in AMC, I salute you. If you bought Bitcoin’s dip back in June/July when I recommended it and now you’ve doubled your investment too, I salute you.
And if this is your first time reading my blog, I’m going to leave my social media handles below so you can keep up with me and the community.
Twitter | Facebook | Instagram | Discord Access 🎉
Read: How to invest in Bitcoin for beginners