magine you bought 100 shares of stock at $1 per share 10 years ago, back in 2011. And say your stock did exceedingly well, compounding at 20% per year. Result? Your $1,000 original investment would be worth $6,192; six times what you put in. Well done!

Now imagine that instead of stock, you'd put the same $1,000 into Bitcoin 10 years ago. What would that be worth today? As I write this, about $55 million.

That's right. One bitcoin went for as little as $1 back in 2011 and today (March 17, 2021) they're changing hands at more than $55,000. Bitcoin rose more than 200% per year, every year for the last 10. Ever heard of anything like that?

Me neither.

Depending on who you talk to, bitcoin is smoke and mirrors -- a complete hoax -- or it's an investment that's still in its infancy. Think today's price is insane? There are folks who think it will one day be worth more than $1 million.

So, what's an investor to do? Jump on board before the train completely leaves the station? Invest in other, less expensive crypto-currencies? Or should you simply run the other way?

That's what we're going to attempt to determine in this week's "Money!" podcast. 

Want more information? Here's additional reading:
Ask Stacy: Should I Buy Bitcoin?
New York Times - What is a Blockchain? Is It Hype?
Business Insider - A crypto 'fear and greed' indicator is flashing a warning signal that shows investors are being greedy as top cryptocurrencies hit record highs
MarketWatch - Don't fall for the bitcoin bubble, even the Flintstones had a better system, warns economist Nouriel Roubini
CNBC - Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say
Forbes - Bitcoin Crash 2021: What Next?
Business Insider - An early bitcoin investor says the best time to buy is when nobody's talking about it - and warns this isn't the first crypto bubble
University of Melbourne: Behind the Bitcoin Bubble
US NEWS - 10 Ways to Keep Your Cryptocurrency Safe
Consumer Reports - How Safe Is Bitcoin, Really?
Subscribe to the Money Talks News newsletter
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Hosts:
MoneyTalksNews
MirandaMarquit.com

magine you bought 100 shares of stock at $1 per share 10 years ago, back in 2011. And say your stock did exceedingly well, compounding at 20% per year. Result? Your $1,000 original investment would be worth $6,192; six times what you put in. Well done!
Now imagine that instead of stock, you'd put the same $1,000 into Bitcoin 10 years ago. What would that be worth today? As I write this, about $55 million.
That's right. One bitcoin went for as little as $1 back in 2011 and today (March 17, 2021) they're changing hands at more than $55,000. Bitcoin rose more than 200% per year, every year for the last 10. Ever heard of anything like that?
Me neither.
Depending on who you talk to, bitcoin is smoke and mirrors -- a complete hoax -- or it's an investment that's still in its infancy. Think today's price is insane? There are folks who think it will one day be worth more than $1 million.
So, what's an investor to do? Jump on board before the train completely leaves the station? Invest in other, less expensive crypto-currencies? Or should you simply run the other way?
That's what we're going to attempt to determine in <a href="https://www.moneytalksnews.com/podcasts/">this week's "Money!" podcast.&nbsp;</a>
Want more information? Here's additional reading:
<ul>
<li><a href="https://www.moneytalksnews.com/ask-stacy-should-i-buy-bitcoin/">Ask Stacy: Should I Buy Bitcoin?</a></li>
<li>New York Times - <a href="https://www.nytimes.com/2021/01/26/technology/what-is-blockchain.html">What is a Blockchain? Is It Hype?</a></li>
<li>Business Insider - <a href="https://markets.businessinsider.com/currencies/news/bitcoin-bubble-sentiment-fear-greed-index-flashing-warning-signal-cryptocurrencies-2021-2-1030061346">A crypto 'fear and greed' indicator is flashing a warning signal that shows investors are being greedy as top cryptocurrencies hit record highs</a></li>
<li>MarketWatch - <a href="https://www.marketwatch.com/story/dont-fall-for-the-bitcoin-bubble-even-the-flintstones-had-a-better-system-warns-economics-professor-nouriel-roubini-11612973303">Don't fall for the bitcoin bubble, even the Flintstones had a better system, warns economist Nouriel Roubini</a></li>
<li>CNBC - <a href="https://www.cnbc.com/2021/01/19/bitcoin-us-tech-stocks-are-biggest-bubbles-deutsche-bank-survey-says.html">Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say</a></li>
<li>Forbes - <a href="https://www.forbes.com/sites/investor/2021/01/13/bitcoin-crash-2021-what-next/?sh=6101fbb3537a">Bitcoin Crash 2021: What Next?</a></li>
<li>Business Insider - <a href="https://markets.businessinsider.com/currencies/news/best-time-to-buy-bitcoin-according-early-investor-crypto-bubble-2021-1-1029995917">An early bitcoin investor says the best time to buy is when nobody's talking about it - and warns this isn't the first crypto bubble</a></li>
<li>University of Melbourne: <a href="https://pursuit.unimelb.edu.au/articles/behind-the-bitcoin-bubble">Behind the Bitcoin Bubble</a></li>
<li>US NEWS - <a href="https://money.usnews.com/investing/cryptocurrency/slideshows/ways-to-keep-your-cryptocurrency-safe">10 Ways to Keep Your Cryptocurrency Safe</a></li>
<li>Consumer Reports - <a href="https://www.consumerreports.org/cryptocurrency/how-safe-is-bitcoin-really/">How Safe Is Bitcoin, Really?</a></li>
<li>Subscribe to the <a href="https://www.moneytalksnews.com/#newsletter">Money Talks News newsletter</a></li>
<li>Take our <a href="https://unb.moneytalksnews.com/retirement-guide/">The Only Retirement Guide You'll Ever Need</a> course</li>
<li>Take our <a href="https://www.moneytalksnews.com/courses/money-made-simple/">Money Made Simple</a> cours</li>
</ul>
Hosts:
<ul>
<li><a href="https://www.moneytalksnews.com/">MoneyTalksNews</a></li>
<li><a href="https://mirandamarquit.com/">MirandaMarquit.com</a></li>
</ul>

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

Is It Too Late to Buy Bitcoin?

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/4f2eb36f-5567-4eab-b14d-acef013f7bde/transcript

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