27/02/2024
START WITH AN APOLOGY!
For those people that know me well, will know that Iām a strong advocate of Diversification and during my wealth building journey will know that I have been well and truly down many rabbit holes on a huge mission to find and concentrate on the best strategy possible to suit my long term goals and aspirations.
I just need to apologise to the many people that have asked me when is the best time to buy Bitcoin? because anyone that asked me this question recently, I would have answered anytime in fact the best time to buy Bitcoin is straight away, buy a small amount and then do some research on it. The part I have got wrong is I have been telling people to make sure they get some Bitcoin before April as during the month of April the supply (amount that can be mined) of Bitcoin is halved.
My thesis was you had until April and then the supply and demand metrics would inevitably lead to Bitcoin price going upwards at quite a pace.
Where I got it wrong was after the ETF approvals in the USA the supply is being gobbled up at a level never seen before, this seems to have accelerated the demand and means we are seeing the expected price increase much earlier than many predicted including myself.
Sadly for us in the UK we do not have access to these financial products where we could acquire Bitcoin and store it in a pension or an ISA by the time the UK gets round to approving such a product, Bitcoin or at least owning a whole Bitcoin will be a far greater challenge.
For anyone wondering how to get started in the Crypto space I am offering 1 to 1 coaching sessions which can be in person or over Zoom depending on logistics and timescale availability.
Please feel free to get in touch by sending me a message if this is something you may be interested in.
