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Why I Despise the ‘If You Had Invested in Bitcoin’ Argument | by The Blockchain Chronicles | The Darkish Aspect | Aug, 2024

by Index Investing News
August 7, 2024
in Cryptocurrency
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For non-Medium members, click on right here to learn this story without cost!👌

Few tales seize the creativeness fairly just like the meteoric rise of Bitcoin. The concept typically goes like this…

“Should you had invested $1,000 in Bitcoin in 2012, you’ll be a millionaire right now!”

Certainly, it’s a compelling thought, however like many issues that appear too good to be true, this narrative oversimplifies the complexities concerned in buying and selling and funding.

To really grasp the complete context and implications, one should discover the nuances of Bitcoin’s journey, market volatility, and the broader crypto panorama.

The Sensationalized Crypto Paradise Story

Think about it’s 2012, and BTC is lounging on the seashore, buying and selling at a chill $10-$13 per coin.

You resolve to dive in and make investments $1,000, scooping a simple 100 BTC!

Quick ahead to right now, and Bitcoin has ridden the waves to a jaw-dropping $73,750.07 in March 2024.

At its peak, these 100 Bitcoins can be value a staggering $7,375,007! Sure, you learn that proper, seven…



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