Happy 13th Birthday Bitcoin!
January 3, 2009, marks the day when the first block of 50 Bitcoins were released. Satoshi Nakamoto is the founder or founders who remain anonymous to this day. The concept to create the trustless, anonymous, decentralized currency came in the aftermath of the 2008 financial crisis. It took 2 years for bitcoin to hit just $1.
A buddy of mine introduced me to bitcoin in 2016 when it was trading below $1,000. Like most people, it didn’t make much sense to me at first. But the more I learned and talked about, the more I started to see its vision. I loved the idea how it was decentralized (independent from a bank or government institution). I also loved that only 21 million bitcoins will ever be mined (created). Supply and demand, along with many other factors, the price should keep going higher.
Bitcoin is very, very, very volatile! No one should invest money they cannot afford to lose. I am a firm believer that you should be debt free and have a fully funded emergency fund before getting into bitcoin. If you are, putting 3%-7% of your income into bitcoin might be something to consider. 2021 was a great year and the future looks bright. Don’t be surprised if bitcoin passes $100,000 in 2022. By no means is this financial advice! This is just my opinions, and I could be totally wrong.