Is Crypto Really Too Expensive? Why Crypto Skeptics Might Be Wrong

Despite Bitcoin reaching record highs and the excitement over new spot Bitcoin exchange-traded funds (ETFs), the crypto industry finds it challenging to draw in fresh investors. According to the 2024 Cryptocurrency Investor Trends Survey by Motley Fool Ascent, the primary demographic for crypto still comprises Gen Z and young millennial men.

It’s quite unexpected, considering the continuous talk of crypto entering the mainstream. Even more startling is that skeptics cite crypto being too expensive as a reason for not investing, which isn’t accurate. Here’s why.

Is Bitcoin too expensive?
One common reason people give for not investing in Bitcoin is the perception that it’s just too pricey. This feeling of Bitcoin sticker shock happens when you decide to buy some, but the price is way above $70,000, making you rethink your decision.

Is Bitcoin worth it?
Another reason people see Bitcoin as “too expensive” is because they think it’s overvalued. When Bitcoin recently hit a record high of $73,750, some investors felt it was better to wait for the price to drop before buying. They hope to get it at a lower price.

Is it too late to invest?
Many might think it’s too late to invest in Bitcoin since its value has soared from $1 to $70,000 over the past decade. They worry that the big gains are over. But experts don’t agree. They predict Bitcoin will keep rising, possibly reaching $100,000 by the end of 2024 and $150,000 by 2025. Some even say it could hit $3.8 million by 2030!

Should you invest now?
Despite its high price, experts believe Bitcoin still has huge growth potential. If you invest now, you could make a big return on your investment in the future. So instead of being overvalued, Bitcoin might actually be undervalued right now.

Learn from market wizards: Books to take your trading to the next level.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  ActivTrades

• 

  Angelina Jennifer

• 

  Brokermandaniel

• 

  Zak Mir