Wednesday, November 01, 2017

PSA: Bitcoin

OK, this is not to be construed to be investment advice. Any decision you make is entirely your own. It is volatile and risky. Do not buy any more than you can afford to lost.

If you have been considering buying some Bitcoin, my rough analysis suggests that between now and the end of the year is the time to do it.

From what I can tell and what I have been hearing, there is a huge amount of institutional money that is about to pour into the asset. With fixed supply and increased demand...well, you know what happens then.

There is PLENTY of risk and that's why I don't advocate (for most people) putting anything more than 1% into it.

Still, I know there are some people who have been on the fence and given the ongoing "mainstreamification" of Bitcoin (e.g. the announcement by CME), I have a feeling-and that is all that it is-- that there could be a big price jump come early January.

Again, I could be way wrong, but just my opinion.

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