The exponential growth of Bitcoin in recent months has many people convinced this is a bubble which will burst at any time.
The flaw in this thinking arises from people being conditioned by their thinking. They compare Bitcoin to other financial assets such as shares.
Bitcoin cannot be compared to investment classes like shares or gold because it has a technology element which is missing in other financial assets.
A fair comparison would be the adoption chart of similar technologies like Google, Facebook, Twitter and LinkedIn.
For instance, it took only seven months for Google to reach its first 100 million users.
With over 2.2 billion regular users today, Google’s growth obviously isn’t a bubble, because it’s a platform which helps people find information on virtually any topic faster than almost any other search process.
Why It’s a Good Time to Get Serious About Bitcoin
The driving force behind all cryptocurrency, including Bitcoin is Blockchain technology.
Historical evidence has shown how fast technology grows and if Blockchain is anything like the technology behind the growth of platforms like Google, Facebook and Twitter, it’s clear that what you are looking at isn’t a bubble but the early stages of adoption.
Why is this a good time to get serious about Bitcoin?
Currently, only 0.5% of the world’s population is estimated to have cryptocurrency.
Around 99% are either unaware or have decided to play the waiting game to see if cryptocurrency is a fad or an investment vehicle which is here to stay.
This being the case, what you are witnessing is not a cryptocurrency bubble graph but an adaptation chart.
Of course, nothing is certain and Bitcoin is one of thousand other cryptos, with more emerging in the future.
The best technology will win in the end, however, right now Bitcoin is leading the charge.
There will be many who sit on the sidelines and find reasons to say the Bitcoin bubble will soon burst…
…and possibly miss out on a chance of a lifetime opportunity to increase their wealth.
There are also others who may be wondering if it’s too late to get started.
As I’ve explained, the mainstream adoption of cryptocurrency is at an early stage.
While there’s an element of risk to investing, there’s also a steep cost of inaction called "opportunity cost".
Are you willing to let the biggest income generating opportunity of your life pass through like a sailing ship in the dark, or get the right education to begin investing?