In August 2023, when Bitcoin was trading for $27,000, I said it was headed to $150,000.<\/p>\n
I still 100% believe\u00a0that.<\/p>\n
In fact, I believe BTC will hit $200,000 in the next 12 months<\/a>. And it\u2019s eventually going to a\u00a0million.<\/p>\n So, if I\u2019m bullish on bitcoin, WHY am I telling you NOT to buy\u00a0it?<\/strong><\/p>\n Because I prefer to own smaller, fast-growing cryptos with higher\u00a0upside.<\/p>\n Let me\u00a0explain\u2026<\/p>\n I first heard about bitcoin in 2011 when it was trading under\u00a0$5.<\/p>\n Didn\u2019t buy any. Big\u00a0mistake.<\/p>\n But from this mistake, I learned to appreciate a unique trait of crypto. We all had the opportunity to buy BTC from the very beginning, when it was only a\u00a0pup.<\/p>\n This is the opposite of how the stock market\u00a0works.<\/p>\n Former cyclist Lance Armstrong was an early investor in Uber (UBER)<\/a>. He invested $100,000 in 2009 when the company was valued at less than $4\u00a0million.<\/p>\n He would see gains on his initial stake of around 25,000x\u200a\u2014\u200awhich would turn $100,000 into $2.5\u00a0billion.<\/p>\n That\u2019s great for Lance. But he only got that opportunity because he was a rich, connected celebrity. Although an average person could have mathematically turned $1,000 into $25 million investing in Uber, no one did. Because Uber wasn\u2019t available to invest in for regular folks until it IPO\u2019d in\u00a02019.<\/p>\n By that time\u2026 it was already a giant\u00a0company.<\/p>\n Cryptos are different. They basically \u201cIPO\u201d on day\u00a0one.<\/strong><\/p>\n In investing, \u201casymmetric\u201d means the potential upside of an investment is much greater than the potential downside.<\/p>\n Symmetric investing is when an investor risks $500 for a chance to make $500. Or $10,000 for a chance to make\u00a0$10,000.<\/p>\n Asymmetric investing is risking $500 for the chance to make\u00a0$10,000.<\/p>\n Bitcoin went live in early 2009. That very same day, investors could buy it for fractions of a\u00a0cent.<\/p>\n Most cryptos work this way. Their tokens launch alongside their businesses, on day one, when they\u2019re tiny, early stage startups. It\u2019s like investing in Steve Jobs or Bill Gates tinkering in their garages, long before Apple (AAPL)<\/a> or Microsoft (MSFT)\u00a0IPO\u2019d.<\/p>\n You notice how many of the people who got rich in crypto were nowhere near Wall\u00a0Street?<\/p>\n You\u2019ve surely seen the kids driving Lamborghinis\u2026 or the 20-year-olds who turned a couple thousand into a couple million in\u00a0crypto.<\/p>\n Think about how unique that is. Typically, big early stage gains flow straight to Wall Street because it controls the deals and access. The rich get\u00a0richer.<\/p>\n In crypto, it\u2019s different.<\/p>\n Anyone could buy Ethereum (ETH)<\/a> when it launched in 2014 for 30 cents. Today, ETH is trading around $3,500. Where else can a regular investor throw $100 into an early stage startup and see it balloon to $11.6\u00a0million?<\/p>\n It\u2019s the same for Solana (SOL),<\/a> which launched in early 2020 at less than $1. It\u2019s up 175x since then. Today, Solana has a market cap of roughly $95\u00a0billion.<\/p>\n That\u2019s the same valuation Airbnb (ABNB) had after it went public. Great company, and I love the product. But by the time you could invest in it, it was colossal. Bigger than FedEx\u00a0(FDX).<\/p>\n Crypto\u2019s come a long way in the last couple\u00a0years.<\/p>\n There are now 560 million crypto holders worldwide.<\/p>\n But there\u2019s still a long way to\u00a0go.<\/p>\n Today, the crypto user experience sucks.<\/p>\n There\u2019s no way a billion people will use crypto in its current\u00a0form.<\/p>\n And that\u2019s our opportunity\u2026<\/p>\n Remember the internet in the\u00a090s?<\/p>\n I can still hear the screeching sound of my old dial-up struggling to connect to the internet.<\/p>\n Slow websites. Frozen pages. Dropped connections. The early days of the internet were\u00a0rough.<\/p>\n But if you had the foresight to invest in new types of companies like Amazon, Google, and Cisco Systems when the web was in its infancy you made life-changing money.<\/p>\n The lesson: It paid to make smart bets on the internet when it was still\u00a0messy.<\/strong><\/p>\n I bring this up because crypto is a lot like the early days of the internet.<\/p>\n Not user friendly. Messy. Takes effort to navigate.<\/p>\n The frustrating user experience means we\u2019re still very early to\u00a0crypto.<\/p>\n But just like the internet, crypto will become much easier to use. This is going to attract hundreds of millions of new users, fueling years of rapid growth for crypto businesses.<\/p>\n By investing now, you can set yourself up to profit from this\u00a0growth.<\/p>\n Bitcoin is past its asymmetric growth\u00a0phase\u2026<\/p>\n It trades for about $120,000 as I write. If it hits $200,000 in the next 12 months, as I expect. That\u2019s a little less than a double. Symmetric<\/p>\n In time, bitcoin will reach $1 million. But it\u2019s highly unlikely to shoot up 10X in a short\u00a0time.<\/p>\n Don\u2019t buy\u00a0it\u2026<\/p>\n The crypto market is still so small and so new, there\u2019s plenty of room for exponential growth.<\/p>\n You can get in on the ground floor. Something which used to be reserved only for the ultra\u00a0rich.<\/p>\n I recently wrote a special report about 3 early-stage cryptos with world-changing potential.<\/a><\/p>\n You can read about the 3 cryptos\u00a0here<\/a>.<\/p>\n \u2014 <\/em>Stephen McBride<\/em><\/a>, Chief Analyst at <\/em>RiskHedge<\/em><\/a><\/p>\n Don\u2019t buy bitcoin in 2024. Buy small fast-growing cryptos instead<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Don\u2019t buy bitcoin in 2025. Buy small fast-growing cryptos\u00a0instead In August 2023, when Bitcoin was trading for $27,000, I said it was headed to $150,000. I still 100% believe\u00a0that. In fact, I believe BTC will hit $200,000 in the next 12 months. And it\u2019s eventually going to a\u00a0million. So, if I\u2019m bullish on bitcoin, WHY […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-81883","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81883"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81883"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81883\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Small fast-growing cryptos have a unique\u00a0trait\u2026<\/h3>\n
Fast-growing cryptos offer asymmetric gains\u2026<\/h3>\n
Crypto lets ordinary investors truly get in on the ground\u00a0floor.<\/h4>\n
Investing in early-stage, fast-growing cryptos is like buying internet stocks in the\u00a090s<\/h3>\n
Instead of bitcoin, buy small, early-stage, fast-growing cryptos.<\/h3>\n