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Bitcoin: Boom or Bust?
Is it an investment worth considering?
If someone had told me ten years ago that I would put money into Bitcoin, I would have laughed. Bitcoin? That imaginary money that only exists on a computer somewhere? Why would anyone put their money into something like that? I remember scoffing at the idea and dismissing it as some poorly thought-out get-rich-quick scheme where people lose every dime they put into it.
Not anymore.
You might be wondering what changed. Why has this cryptocurrency skeptic changed his mind? The answer is simple. I began to actually read about cryptocurrency and look at the charts regarding their performance. I put my snarky aloofness aside and looked at it with an open mind, and I was surprised at what I found.
I don’t want to bore the reader with the history of Bitcoin, but it is worth noting that Bitcoin first came out in 2009, or about 16 years ago. It’s been around a while, and it shows no sign of disappearing. Actually quite the opposite is true. It is gaining strength and value over time.
Take a look at the chart below.
