In the midst of the crypto winter, many investors are considering an important question – is it too late to buy Bitcoin? This guide will provide a detailed answer to this question.

We consider the performance history of BTC and evaluate its future potential to determine whether or not it is a good idea to invest in Bitcoin right now.

Is it too Late to Bitcoin? Our Summary

For those who are short on time, we have included the key points from our analysis below:

  • Bitcoin isn’t a new cryptocurrency anymore. It was launched over a decade ago and has evolved to become the most popular cryptocurrency in the market.
  • Bitcoin has also managed to attain widescale adoption across many sectors. Today, Bitcoin is accepted as payment by many online platforms and merchants.
  • Financial institutions have also acknowledged the potential of Bitcoin. In fact, there are several new Bitcoin-based investments available in the market, such as futures and ETFs.

All that being said, the market already knows what it can get with Bitcoin – hence, it is unlikely for this cryptocurrency to reveal any new use cases that could propel a sudden rush in demand.

Nevertheless, Bitcoin still has a long way to go, especially if its adoption increases. But there is no guarantee that Bitcoin will repeat history by going through another explosive growth phase.

Cryptoassets are a highly volatile unregulated investment product. 

Bitcoin Price History 

Is it too late to buy Bitcoin? To answer this question, we should first analyze the historical performance of this digital asset. In the following sections, we break down the journey of Bitcoin.

Bitcoin Price – 2009 to 2017

Bitcoin’s story dates back to 2008 when an anonymous person known as Satoshi Nakamoto published the project’s white paper. However, the first transaction that gave Bitcoin monetary value was documented in 2009. According to records, in 2009, a Finnish computer science student known online as Sirius sold 5,050 BTC coins for $5.02.

In other words, when Bitcoin started, a single BTC coin was worth around $0.0009. By the beginning of 2013, the price of Bitcoin had increased to around $13. Throughout 2013, the price of Bitcoin rose, gaining about 8,700% in value, to reach $1,150 by the end of the year.

Bitcoin 2009-2013

However, by 2014, the pace of growth weakened. Through 2015 and 2016, Bitcoin increased slowly, although with volatility. By January 2017, the price of Bitcoin had increased back up to $1,000 and skyrocketed to $20,000 by the year-end.

Bitcoin Price – 2018 to 2021

Bitcoin did not continue its rally in 2018. Instead, by the beginning of 2019, the price of Bitcoin was back to around $4,000. The cryptocurrency gained around 200% value in the first half of 2019 and hit $12,000 by August. For the next six months, the Bitcoin price hovered between $12,000 and $8,000.

Then the Covid-19 pandemic struck, and the financial markets plummeted in mid-March 2020.

Bitcoin 2018 - 2021

Like other asset classes, Bitcoin also fell prey to a very brief bear market, losing around 50% of its value in less than 48 hours to trade below $5,000.

However, this dip turned out to be a temporary setback. After March 2020, Bitcoin went through explosive growth, ending the year at around $30,000. But this was just the beginning. A week into 2021, Bitcoin hit $40,000, and by March 2021, the value of BTC had increased to $60,000.

Bitcoin then went through a number of turbulent months before reaching an all-time high of close to $69,000, in November 2021.

Bitcoin Highs and Lows

Below we have summarized the highs and lows of Bitcoin between 2008 and 2023.

  • The first transaction of Bitcoin was recorded in 2009 – for a price of $0.0009 per coin.
  • Bitcoin’s first upward trajectory happened in 2013 – when the price of BTC went from around $100 to $1,150 in a year.
  • However, the price dropped in 2014 and moved sideways throughout 2015 and 2016.
  • By 2017, Bitcoin went through another bull market, and its price increased to $19,000.
  • But the price fell again in 2018.
  • Since 2018, Bitcoin has experienced two years of relative inactivity and a downtrend until 2021.
  • After going through a sudden market dip at the beginning of 2020, the price peaked at $69,000 in November.

Unfortunately, Bitcoin, as with the rest of the market, has gone through a slump since then. In fact, Bitcoin has since dropped to lows of around $16,000 – representing a decline of over 75% from its prior high.

Bitcoin Performance in 2023

2022 has proved to be a challenging year for the global markets. The world economy is witnessing high levels of inflation, and the fears of a recession are causing concern for investors.

Moreover, rising interest rates have also led to a general reduction in investments. Due to these factors, the broader crypto market, including Bitcoin, is going through a bearish phase.

Bitcoin 2022

At the time of writing, investors can buy Bitcoin for around $16,000. Even after falling around 75% from its all-time high, Bitcoin remains one of the decade’s best investments.

For instance, since January 2017, the value of Bitcoin has increased by about 1,500%. During the same period, the S&P 500 increased only by around 75%. Needless to say, there are only a few assets that offer such high returns.

Bitcoin enthusiasts hope that this ‘crypto winter’ is only a temporary dip and that the value of BTC will increase again – as history has repeatedly shown before.

Bitcoin Price Prediction 2023, 2025, 2030

We have included a price forecast for the upcoming years to offer a long-term outlook for Bitcoin.

  • End of 2023 – Some crypto analysts predict that by the beginning of 2023, Bitcoin could restart its bull run. The price of Bitcoin could rise gradually, trading at around $50,000.
  • End of 2024 –The next Bitcoin halving is expected to occur in 2024. This will reduce the number of new BTC tokens entering circulation. And if the demand for Bitcoin rises, the price of BTC coins could increase even higher. According to some analysts, Bitcoin might even hit a new all-time high of $75,000 by the end of 2024.
  • End of 2025 – Over the next couple of years, other altcoins could emerge to be more popular. However, alongside, Bitcoin adoption might also go up. As such, according to some analysts, Bitcoin could hit a value of $100,000 towards the last month of 2025.
  • End of 2030 –  By 2030, the crypto market is expected to become a disruptive force, with digital currencies being accepted as payment by many merchants. Should this happen, some analysts argue that the Bitcoin price could easily cross the $100,000 level.

Bear in mind that this Bitcoin price prediction is based on the past performance and future prospects of this cryptocurrency. However, there is no guarantee that the price of Bitcoin will move as speculated.

Therefore, investors should only risk the money they can afford to lose. Moreover, although Bitcoin could make a good addition to a crypto portfolio – it is wise to diversify into other digital assets to reduce the overall risk.

Bitcoin Utility – How Could it be Used in the Future?

Given that the price of BTC tokens has plummeted in the past year, is it too late to invest in Bitcoin? To answer this, investors should consider the future growth potential of this cryptocurrency.

Below, we discuss the key catalysts that could drive the value of Bitcoin in the coming years.

Growing Institutional Adoption

One of the most attractive characteristics of Bitcoin is its weak correlation to other financial assets – such as stocks and commodities.

This detached position offers Bitcoin an edge in the market, especially in terms of diversification. For instance, many investors choose to buy Bitcoin in order to hedge their portfolio against a potential market downturn.

Bitcoin ETF

Given this demand for Bitcoin, financial institutions have also developed many Bitcoin-focused securities. For example, there are several crypto ETFs that offer direct and indirect exposure to Bitcoin, in addition to derivates such as futures.

Real World Transactions

It is possible that Bitcoin could become a medium of exchange in real-world transactions.

  • When making money transfers using Bitcoin, individuals can benefit from lower transaction fees and higher speeds, which makes it a good choice of digital currency for global remittance.
  • Furthermore, many online merchants have also started accepting Bitcoin as payment. As of 2022, prominent companies such as Mircosoft, Tesla, Home Depot, Starbucks, and many others have partnered with cryptocurrency providers to accept BTC payments.
  • In addition to this, we have also seen the emergence of Bitcoin casinos. The best Bitcoin gambling sites allow players to fund their accounts with cryptocurrencies, facilitating fast transactions and anonymity.

Some of these Bitcoin use cases were practically non-existent a few years ago. With the growing usage of smartphones and the easy availability of the internet, Bitcoin has become more accessible than ever.

Moreover, Bitcoin has a limited supply and has adopted a halving mechanism that can reduce the circulating pool over time. An increase in demand and growing scarcity can help drive the price of Bitcoin in the future.

Growing Crypto Infrastructure

The popularity of Bitcoin has also led to the emergence of a whole new sector of infrastructure companies. For instance, companies such as Block, Robinhood, and PayPal have come up with solutions to facilitate easy assess to buying and selling Bitcoin.
Bitcoin
Several crypto exchanges like Coinbase and Crypto.com also offer Visa debit cards that allow investors to spend Bitcoin in ordinary stores and earn rewards in return. In other words, Bitcoin is spearheading the evolution of a new crypto-based economy.
So, is Bitcoin still worth buying? If investors are looking for practical use cases, then the data suggests that Bitcoin has plenty of room left for growth.

Is it Too Late to Buy Bitcoin? – What the Experts Say

Bitcoin might be the most popular cryptocurrency; however, that doesn’t mean all investors stand by this digital asset. In fact, some notable financial investors have raised their concerns about Bitcoin and the rise of cryptocurrencies.

Warren Buffett, one of the wealthiest investors globally, has a skeptical stance toward cryptocurrencies.  On several occasions, Buffett mentioned that he believes cryptocurrencies are worthless and hold no intrinsic value.

At the Berkshire Hathaway annual shareholders meeting in 2022, Buffet was quoted saying:

‘If you owned all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it.’ 

Well, that delivers a clear picture of what Buffett thinks about Bitcoin and other cryptocurrencies.

Bill Ackman is another prominent investor who shares the same view as Buffet. Ackman is the founder of the hedge fund management company Pershing Square Capital Management, and according to him, Bitcoin is a purely speculative asset that he wouldn’t invest in.

Elon musk tweet about Bitcoin

On the other hand, Elon Musk is confident about the prospects of Bitcoin. In November 2022, Musk tweeted that Bitcoin would make it through the crypto winter, although it might take a while.

Musk isn’t the only investor who is an avid supporter of Bitcoin. Michael Saylor, Barry Silbert, and Michael Novogratz are other well-known American investors who own Bitcoin and continue to believe in the rise of this cryptocurrency.

As is evident, there are mixed opinions in the market regarding the future of Bitcoin and other cryptocurrencies. Considering that the price of Bitcoin is severely influenced by social perception, it would be wise to pay attention to what popular investors say about this digital asset.

After all, a single tweet by prominent personalities can alter the landscape of crypto.

Where to Buy Bitcoin

eToro logoThe answer to the question, ‘is it too late to buy Bitcoin?’ will ultimately depend on an individual investor’s trading goals. If they believe that Bitcoin has long-term growth potential, they can buy and hold BTC tokens for several years.

Alternatively, investors can also trade Bitcoins in order to profit from the short-term volatility of the digital asset. Regardless, investors must find a safe and secure way to buy Bitcoin. The best way to do so is via a regulated crypto broker – such as eToro. Launched in 2007, eToro is a leading provider of multiple assets, such as stocks, ETFs, commodities, forex, and cryptocurrencies.

eToro features a selection of over 70 popular cryptocurrencies – including Bitcoin. This broker allows investors to buy BTC with a bank account, debit/credit card, and e-wallets such as  PayPal, Neteller, and Skrill. Moreover, eToro also supports copy trading, allowing investors to mirror the positions opened by other users on the platform.

etoro review

If investors are looking to diversify, they can also choose a Smart Portfolio created by eToro. Smart Portfolios are curated collections of cryptocurrencies that tracks digital assets belonging to a specific theme or strategy. This is one of the easiest ways to create a diversified portfolio without having to handpick individual cryptocurrencies.

Moreover, eToro is regulated by the SEC, FCA, ASIC, and CySEC. In summary, when investors buy BTC with eToro, they can benefit from competitive fees and a secure trading environment.

Cryptoassets are a highly volatile unregulated investment product. 

Is it Too Late to Buy Bitcoin? Our Conclusion

Is Bitcoin still a good investment? In a nutshell, Bitcoin continues to be one of the top choices of investors. In the span of 13 years, Bitcoin has gone from an obscure fad to a mainstream form of investment.

Given its success and future prospects, Bitcoin can be a viable option for those looking to gain exposure to cryptocurrencies. At the price of about $16,000 as of writing, many experts argue that Bitcoin is one of the most undervalued cryptos available right now.

However, it might be some time before we witness monumental growth like the bull market of 2020-2021. That being said, if investors are looking for cryptocurrencies with the maximum upside potential, there are certainly better options out there.

Coins to Consider Buying Alongside Bitcoin 

As we noted above, Bitcoin has already positioned itself as a strong contender in the crypto market. Nevertheless, investors should also consider diversifying their crypto portfolio to mitigate the risks and increases their chances of making profits.

To find the best altcoins with the most upside potential, investors can keep an eye out for crypto presales.

Crypto presales offer the opportunity to invest in new and innovative projects. Moreover, crypto presale tokens are sold at a discount, and they cost only a fraction of the price of Bitcoin.

Below, we have included an overview of two crypto presales that are gaining sizable traction in the market.

Dash 2 Trade – Cryptocurrency Analytics and Trading Signals Platform Built for Crypto-Hungry Investors

Dash 2 trade

Dash 2 Trade is an upcoming crypto platform that offers access to technical indicators and analytical tools. It aims to help traders make informed decisions using a wide range of insights and metrics. Investors can take advantage of these tools by purchasing a subscription on the Dash 2 Trade platform using the project’s native D2T token.

As of writing, Dash 2 Trade is hosting the presale of D2T tokens at preferential pricing for early investors. This best crypto presale has generated huge interest from the crypto community since it went live. Impressively, in under four weeks, Dash 2 Trade has raised nearly $6.4 million.

Dash 2 Trade packs a variety of features, such as on-chain and social media analytics, auto trading, price alerts, and more. The platform also sends the best crypto trading signals to its users, notifying them of potential investment opportunities. Traders will also be able to backtest their strategies and access dozens of technical indicators via this platform.

Presale Started October 19
Purchase Methods ETH, USDT, Transak
Chain Ethereum
Min Investment 1,000 D2T
Max Investment N/A

Needless to say, Dash 2 Trade has a huge potential for growth. For more information on the project, read through the Dash 2 Trade whitepaper and join the Telegram group.

Dash 2 Trade - New Gate.io Listing

Our Rating

Dash 2 Trade
  • Also Listed on Bitmart, Changelly, LBank, Uniswap
  • Collaborative Trading Platform Token
  • Featured in Bitcoinist, Cointelegraph
  • Solid Proof Audited, CoinSniper KYC Verified
  • Trading Community of 70,000+ Members
Dash 2 Trade

RobotEra – Metaverse Gaming Platform With Land NFTs

RoboteraRobotEra is another newly launched crypto project, one that combines NFTs with the virtual world. This platform is building a metaverse where users can buy and own virtual real estate.

Players can create their avatars in the form of virtual robots and build experiences within their world. The virtual lands in RobotEra come in the form of NFTs, and can be traded like digital assets.

RobotEra

The cornerstone for all transactions and interactions inside the RobotEra ecosystem is the utility token TARO. It is an Ethereum blockchain-based ERC-20 utility coin.

Gamers, developers, and publishers will use it throughout the ecosystem, enabling players and creators to exchange resources and construct a user-based PVP platform while creating and disseminating really original gaming experiences. TARO that has been allocated to the Team and Advisors are totally locked for a year, then unlocked linearly over the course of 20 months.

During the first stage, TORA tokens can be purchased for $0.020, before the price increases to $0.025 in the next phase.

Presale Started Q4 2022
Purchase Methods ETH, USDT
Chain Ethereum
Min Investment 1,000 TARO
Max Investment N/A

Read the RobotEra whitepaper to find out more about this project.

To stay informed about this exciting token presale, interested buyers can also subscribe to the RobotEra Telegram Channel.

Conclusion

In summary, Bitcoin remains the de-facto cryptocurrency of choice for many investors and as such, will likely remain the largest digital asset by market capitalization. At current prices, Bitcoin represents a major bargain, at least when compared to its prior all-time high.

With that said, diversification is key in the cryptocurrency markets, and thus – many investors consider alternative projects in addition to Bitcoin.

In this regard, Dash 2 Trade has the potential to become one of the fastest-growing cryptocurrencies as we move into 2023. Its native D2T token can now be purchased via the ongoing presale campaign.

Dash 2 Trade - New Gate.io Listing

Our Rating

Dash 2 Trade
  • Also Listed on Bitmart, Changelly, LBank, Uniswap
  • Collaborative Trading Platform Token
  • Featured in Bitcoinist, Cointelegraph
  • Solid Proof Audited, CoinSniper KYC Verified
  • Trading Community of 70,000+ Members
Dash 2 Trade

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