Bitcoin recently breached the $100k price per bitcoin on December 4th 2024. It has retreated slightly but has continued to hover between $90k -$108k/bitcoin.
Historically bitcoin has had a performance of 3 positive years followed by 1 negative year. While you can’t expect history to repeat itself, it might!
Looking at the below chart you can see we are on track to repeat that performance so far. While not shown 2024 was also a great positive return year for bitcoin so we have 2 years of positive returns. 2025 would be the 3rd year.
Due to that expectation I fully expect bitcoin to have a good performance in 2025. It is also possible that it has a negative year in 2026 if it continues to follow the historic trend.
Of course it is also possible it has a negative year in 2025! We could break the trend.
We could also break the trend and see that we have a positive year in 2025 and 2026! The future is unknown and unknowable!
When people ask me if they should buy bitcoin now I say that they obviously don’t understand bitcoin. If you don’t understand it then I would say “No” you probably shouldn’t buy it. What I tell people is to continue to learn more about why other people buy it.
Learn about “What problem bitcoin solves.” I have written 2 articles about that here.
What Problem Does Bitcoin Solve?
We, every person in the world, is in a fight with their own government to keep as much of the value they create as they can. The government explicitly taxes you, which we can debate but at least it is obvious. But the government also stealthy steals value from your bank account or savings via inflation and money printing that you have no control over.
What is Money? (What Problem Does Bitcoin Solve -2)
Bitcoin is not an investment. Bitcoin is a store of value. The value you create. Bitcoin is an agreement between people who create value in the world that they will trade their value for other value. The value you create and store in Bitcoin cannot be debased or inflated away by any government by money printing.
I’ve also created a list of great resources to learn more about bitcoin here.
Books & Videos to Learn About Bitcoin
What I generally recommend people to do is to buy just a little bitcoin so that they will start creating a little interest with themselves. This is how I did it. I bought just $100 and then that made me interested to learn more about what I had bought and why.
You should not plan to sell the bitcoin you buy. This is true for most investments, in my opinion. You should only be investing money you are ready to have invested for 5+ years.
You shouldn’t try to time the market. You aren’t smart enough for that and neither am I.
Just buy things that you understand and continue to do research.
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