Bitcoin’s price has been on a rollercoaster lately, spiking above $111,800 before dipping slightly. Despite the short-term volatility, many believe the bigger picture is far more positive.
The Emotional Rollercoaster of Bitcoin
Holding Bitcoin is, according to Apollo co-founder Thomas Fahrer, 90% frustrating. But he emphasizes that long-term holders are ultimately rewarded. He shared a chart showing Bitcoin’s growth from 2011, highlighting significant dips in 2015, 2020, and 2022, but emphasizing its consistent upward trajectory. The key takeaway? Getting rich with Bitcoin involves enduring a lot of frustration along the way.
He points out that Bitcoin’s deflationary nature – a fixed supply of only 21 million coins – is a key factor. Unlike traditional currencies, Bitcoin’s value tends to increase over time due to its limited supply and halving events (reducing the number of new coins created every four years). This concept, he argues, is still difficult for many to grasp.
The Numbers Don’t Lie
One investor, Carl Menger, provided a stark comparison: $100 in cash from 2020 to 2025 lost purchasing power, shrinking to about $76. However, $100 invested in Bitcoin during the same period would have grown to over $1,201. This illustrates the impact of inflation on traditional currencies versus the potential for Bitcoin’s appreciation.
You Don’t Need a Whole Bitcoin
Robert Kiyosaki, author of “Rich Dad Poor Dad,” adds that you don’t need to buy a whole Bitcoin to benefit. Even a small fraction (0.01 BTC) could yield significant returns if Bitcoin’s upward trend continues. He also highlights Bitcoin as a wealth-building tool, an alternative to traditional assets like gold, particularly appealing to younger investors.
The Bottom Line
While daily price fluctuations are inevitable, the long-term outlook for Bitcoin remains positive according to several prominent voices. It might test your patience, but the overall trend seems unbroken.
