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Recently, I revisited the classic work "HODL Bitcoin" and gained some new insights. Many people have concerns about the price Fluctuation of Bitcoin, but in fact, even in the most unfavorable situations, holding long-term may still yield considerable returns.
Taking the peak of the bull market in 2021 as an example, even if bought near the high point of nearly $70,000, after experiencing a decline of 78%, it has now rebounded to around $110,000, achieving a growth of 64% over four years, surpassing most traditional assets. Not to mention, starting from the low point of $15,000, the increase has reached an astonishing 633%.
The author holds an optimistic view on the long-term prospects of Bitcoin. He predicts that by 2038, the price of Bitcoin could reach $160 million. Even with a more conservative growth rate of 10%, the price will approach $16 million, enough to purchase a luxury residence in first-tier cities.
These insights made me rethink my investment strategy. Originally, I planned to sell all my Bitcoin at this year's bull market peak and reinvest the funds into properties in good school districts. However, considering the future growth potential of Bitcoin, completely exiting the market may not be a wise move. Keeping a portion of my position seems to be a more balanced approach, as the future value of Bitcoin may far exceed our imagination, reaching a level that makes it difficult to buy in.
In the dynamic cryptocurrency market, maintaining flexibility and a long-term vision is crucial. The book "Hoarding Bitcoin" not only provides valuable investment insights but also inspires us to think about the role of digital assets in the future financial system. For investors interested in exploring this field, it is undoubtedly a guide worth reading repeatedly.