Could Buying Bitcoin Today Set You Up for Life?

Core Insights - Bitcoin is designed to be a scarce asset, easy to hold long-term, and increasingly accessible through various account types [1] - Steady accumulation of Bitcoin can significantly contribute to financial futures, viewed as a wealth-building pillar rather than a quick path to riches [2] Supply Dynamics - Bitcoin's supply is capped at 21 million coins, with approximately 20 million already in circulation, indicating future buyers will likely purchase from existing holders [4] - The mining issuance of Bitcoin slows over time, with around 450 coins mined daily since April 2024, which is insufficient to meet the growing demand from ETFs, treasury companies, and financial institutions, leading to a long-term price increase bias [5] Historical Performance - A $1,000 investment in Bitcoin a decade ago would now be worth over $468,000, highlighting the strong price appreciation driven by supply dynamics [6] - Despite its overall upward trend, Bitcoin has experienced significant declines, with multiple instances of over 50% drops since 2014, necessitating a long-term holding strategy [7] Investment Strategy - The strategy of gradually accumulating Bitcoin is recommended, as expecting it to function as a lottery ticket is misguided [8]