Why Holding Bitcoin Feels 90% Like Hell And 10% Like Heaven—Analyst
Bitcoin's price fluctuated significantly, rising above $111,800 on May 23 before dropping to $109,600, ultimately closing the week at $109,770. Thomas Fahrer, co-founder of Apollo, emphasized the emotional challenges of holding Bitcoin, noting that it can be frustrating 90% of the time but rewarding for long-term holders. He presented a price chart illustrating Bitcoin's upward trend since 2011, despite notable crashes in 2015, 2020, and 2022. Bitcoin's deflationary design, with a hard cap of 21 million coins and halving events every four years, contrasts with fiat currencies that lose value over time. Investor Carl Menger highlighted that $100 in cash would lose buying power while the same amount in Bitcoin could significantly increase. Robert Kiyosaki pointed out that even small Bitcoin investments can yield substantial returns and noted Bitcoin's potential as a wealth-building tool independent of traditional assets like gold. The consensus is that while Bitcoin's market is volatile, its long-term trend remains intact.
