One thing about bitcoin that most do not seem to give credence to with regard to its long term viability: eventually it will stop giving BTC rewards for mining blocks. Once that limit has been reached, the max number of coins, what will be the incentive for expensive mining operations to continue?
Transaction fees? Either those will become prohibitively expensive for the typical user, in order to pay a reasonable profit to the miners, or else the Bitcoin network will essentially collapse, and "spending" your money will become fairly untenable.
So in that case, it is not a "forever" store of value but has an unknown and possibly disastrous end.
That said, there is certainly more upside in the near future. I would recommend using it as a means of gaining profit, looking at maybe 200k or so as a top, and liquidating then to flip into physical gold and silver. Put a bit back into BTC after it crashes to catch some more opportunities, but I wouldn't depend on it especially long term.
One thing about bitcoin that most do not seem to give credence to with regard to its long term viability: eventually it will stop giving BTC rewards for mining blocks. Once that limit has been reached, the max number of coins, what will be the incentive for expensive mining operations to continue?
Transaction fees? Either those will become prohibitively expensive for the typical user, in order to pay a reasonable profit to the miners, or else the Bitcoin network will essentially collapse, and "spending" your money will become fairly untenable.
So in that case, it is not a "forever" store of value but has an unknown and possibly disastrous end.
That said, there is certainly more upside in the near future. I would recommend using it as a means of gaining profit, looking at maybe 200k or so as a top, and liquidating then to flip into physical gold and silver. Put a bit back into BTC after it crashes to catch some more opportunities, but I wouldn't depend on it especially long term.