Forsyth International | Investing In Bitcoin

Investing In Bitcoin


A $1,000 Investment in Bitcoin in 2011 Would Be Worth $60 Million Dollars


It is incredible to witness what happens in an unmanipulated and truly free market. The price is reflecting all of the tremendous infrastructure that is being built out within the Bitcoin community. Major news has been developing, and major players are entering the Bitcoin space. Now, one of the “Big 4,” Ernst and Young, is accepting Bitcoin in Switzerland.

After months of development, the CME Group has officially launched its Bitcoin price index. Even Trump picked a Republican Bitcoin proponent, Congressman Mick Mulvaney, to be his Office of Management and Budget Chief.

The infrastructure build-out for Bitcoin is just unstoppable. On January 1st, 2011, Bitcoin was $0.30. If you bought $1,000 worth of Bitcoin on that day and held it, your investment would be worth $63 million at its peak.

Who would have thought in 2010, or even 2011, that Bitcoin would do what we are seeing it do?

Rarely do we actually get to experience true price discovery, but there is one currency that is benefiting from what the market truly thinks of it. And when it happens, it’s a beautiful thing.

Since we became familiar with Bitcoin, we’ve been 100% mesmerized by it. It’s a revolutionary mystery and a completely new frontier that the powers that be have zero control over. When we first discussed it, it wasn’t received well at all. It turned many people off, and that was understandable. It was very foreign, and most people barely understood it.

We’ve seen Bitcoin go straight up in dollar value since early 2015, coincidentally just as the dollar was going through a major bullish trend, which hasn’t stopped. Bitcoin’s epic run in the face of a strong dollar only goes to show how powerful its uptrend has really been the last couple of years.

Governments around the world are in a state of change, and Bitcoin has certainly been a safe haven for wealth preservation around the world – especially in areas of great economic unrest, such as South America, Europe, and China. It is a hedge against inflation, as only 16 million bitcoins are in circulation, with only 21 million ever to be released.

Similar to physical gold and silver, Bitcoin is true, private money, and it gives people a true alternative to the banking system, with the ability to transact instantly worldwide 24 hours a day, 7 days a week. The upside for Bitcoin could truly be unprecedented. It could truly blow your mind if this really takes off.

The transaction volume for Bitcoin is also growing exponentially. Offshore tax haven assets total approximately $30 trillion. And as we’ve seen with the Panama Papers, there is certainly demand for offshore services. If just 1% of the $30 trillion enters Bitcoin, we could see it spike into the millions of dollars.

Bitcoin’s market cap is currently well over 100 billion $. When you consider that Apple is sitting on close to $240 billion in their treasuries, it really puts into perspective how early in the game it is for this asset class.

Bitcoin and some of the cryptos are here to stay!