With Bitcoin's price starting to run, the objection you hear from family and friends this Thanksgiving may not be what you're used to. Instead of "it's a Ponzi", "the government will ban it", or "it's boiling the oceans", you might hear:
"I would buy some, but I'm too late."
Helping loved ones understand how early we still are is an important hurdle for you to help them overcome. Below are 5 questions you can ask to help them gain perspective.
1. Apple sold their 5 millionth iPhone in 2008. If you had bought Apple stock then, would you have missed it?
2. In 1958, McDonalds opened their 80th location. Was the person who bought that franchise too late?
3. If you open Party Size bag of M&Ms and eat one, would the bag be empty?
4. If you attended a wedding reception for 1,000 guests, and you were the second person to arrive, would you feel like you were late?
5. If you go to see a football game, and you make it to your seat 7 seconds into the game, would you feel like you had missed out on the action?
What do these random examples have to do with being early or late to Bitcoin?
They all represent the same point in their cycles as Bitcoin is in its monetization cycle.
The potential for growth isn't based on what has happened. It's based on what is still possible.
Bitcoin is competing in the market for storing value, a $900T market globally. Even at its current all time high market cap of just under $2T, Bitcoin has only captured 0.2% of the market, representing 1/500th of its potential.
(h/t Croesus -
Once-in-a-Species | Jesse Myers | Substack
A Stanford MBA and fund manager helps you understand Bitcoin. Click to read Once-in-a-Species, by Jesse Myers, a Substack publication with tens of ...
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Just like the iPhone in 2008.
Just like McDonalds in 1958.
Just like eating that first M&M from a freshly opened bag.
You are at the party before most people have even left home.
The game has barely kicked off, and you're not too late.
But if you want to win, you have to play.
Let me show you how to get started.
