The Numbers Game: Still Early Days
– Only 6% of Americans were invested in crypto in 2020.
– In 2021, roughly 22% of the US adult population invested in crypto.
– Globally, only 219 million people own Bitcoin, a small portion of the world’s population.
Forbes Chimes In The Dollar Cost Averaging Strategy
– Forbes recommends the dollar-cost averaging strategy for buying Bitcoin.
– Dollar-cost averaging means buying a fixed dollar amount of Bitcoin at regular intervals.
– This strategy helps to ride out market volatility and lower the average cost of investment over time.
Don’t Give in to FOMO
– Don’t feel like it’s too late to invest in cryptocurrency.
– Market trends and financial recommendations suggest there is still plenty of potential for Bitcoin.
– Hold on to financial prudence and consider the long-term benefits of investing in crypto.
Hot Take
Despite the fear of missing out (FOMO), it’s not too late to jump into the crypto world. The numbers show that crypto adoption is still relatively low, and there is plenty of room for growth. Following the dollar-cost averaging strategy recommended by Forbes can help navigate the volatility and potentially lower your average investment cost. Don’t let FOMO hold you back—take a leap into the digital Wild West.
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