We’ve all seen this article: If you bought $100 of bitcoin 7 years ago you’d be sitting on $75 million right now. It’s everywhere. I’m being hit up about Bitcoin dozens of times per day. People get so opinionated about this topic and usually people either LOVE it or HATE it. I personally don’t have an opinion either way, but I’ll throw in my unbiased thoughts out there if I think this is a good INVESTMENT or not.
If you don’t already know, Bitcoin is a crypto currency released in 2009. Bitcoin’s are earned from computer mining systems that runs through complex algorithms
and once a specific string of code is deciphered, the system rewards you with bitcoin. The value of Bitcoin partially comes from the fact that there’s a finite amount of Bitcoin that can be mined - 21,000,000, specifically. This is similar to the US dollar on the gold standard, where only a finite amount of gold exists.
The value of bitcoin tends to increase as it gets more time consuming and more difficult to mine - the more bitcoins in existence, the harder the algorithms are for the computer to solve, driving up the cost to mine more bitcoin.
But does bitcoin have value?
Yes and no. It has a basic value because people spend a lot of time and money mining bitcoins. If people invest their own resources for bitcoin, they want a return on investment. This implies SOME value. There’s also some value in what people will exchange for bitcoin - obviously if 10 bitcoins can be exchanged for a Honda Civic, that implies some type of value. Since there’s a limited number of bitcoins to be mined, the scarcity also drives some perceived value.
This isn’t much different than the US dollar, really, where we give $1 the value of $1…except this $1 is subject to government manipulation, inflation, and regulation. While it’s no longer backed by gold, it’s backed by our entire economy, what it produces, and the dollar’s perceived value in relation to other items.
Now the US dollar's value is still tied to the US economy, our laws, and our government (for better of worse, lol). The US dollar doesn't have its entire value because we as people give it value - it has a very strong foundation of an income-and-product producing nation behind it. Bitcoin, on the other hand, doesn't really produce anything - its value is merely on what we, the people, associate it with, and the benefits of having a decentralized currency without regulation. There is no longstanding country behind it, it doesn't supply anything, and it doesn't produce anything. This is my main emphasis between Bitcoin and the US dollar.
However, Bitcoin also has it’s advantages - it’s not subject to government control and manipulation and it’s entirely decentralized. It’s totally anonymous. Never have to pay foreign exchange fees. HOWEVER, there are no refunds. There is no regulation is something happens or if someone steals your coins….oh yeah, and these insanely wild price increases we’ve all seen.
But is it a good investment? My concern is that, until usage starts driving the value more than self-perpetuated speculation, I'd have a hard time seeing it as an investment. Investing in a relatively new currency is a very high risk, high reward strategy - you could get a huge payout or the values could drop 50% in a week. The volatility of the currency makes it extremely risky. Long term, I think Bitcoin will be around for the foreseeable future - but I would not be replacing a normal long term investment strategy with Bitcoin, at least not this early on. In fact, going slightly off topic here, my prediction is that bitcoin will eventually follow very closely alongside gold and precious metals. During political turmoil and global uncertainty, people will see a safe haven in cryptocurrencies. But this is a long, long time away, if ever.
If you want to invest, invest only what you can afford to lose. But I wouldn’t call this an investment…I’d call this highly risky cryptocurrency speculation where you could turn $100 into $75 million, but likely have a higher chance turning $100 into significantly less.
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31 thoughts on “From $100 to $75 million: is bitcoin a good investment?”
  1. Avataaar/Circle Created with python_avatars Nerd Nation says:

    Hi im from the future 😅, please tell my past self to buy bitcoin😂

  2. Avataaar/Circle Created with python_avatars Damian Medina says:

    If I buy bitcoin now 100 how much at 1million

  3. Avataaar/Circle Created with python_avatars Roland (Rainititan@gmailcom) says:

    I advice anyone trying to buy a house but don’t have the complete funds. I urge you to Invest in stock market, then make good profit before buying a house, his mail address is above my comment
    I made $78k after just one week.

  4. Avataaar/Circle Created with python_avatars dikeogu paradise says:

    Ever heard about Ojacoin $Ojx
    The coin has gained massively on the exchange

  5. Avataaar/Circle Created with python_avatars Mansa Malone says:

    Sure by now a lot people should be convinced that Bitcoin is a smart investment and also with BTC reaching ATH again since May induced FUD sell off I know the market is finally ready to run again. With the guide of Mica Sanchez's automated sig- nals based on unique combinations of trend, momentum and volume scanners used for predicting market reversals signaled the current 5th wave of this cycle which I've been on since August. He also employs glassnode on-chain analysis which indicates high volatility on several metrics. So far I've accumulated over 5BTC,. Don't be part of the 89 percent that will end up liquidating their position. Get on Telegram@micasanchez

  6. Avataaar/Circle Created with python_avatars Menacer says:

    So if you had bought $100 worth of Bitcoin in May of 2010, you'd have about 2000 Bitcoin. At its ATH in the Spring of 2021, you'd be worth $120,000,000! That's about the best gamble anyone could've possibly made in the history of financial endeavors.

  7. Avataaar/Circle Created with python_avatars Joseph says:

    Did Graham just say the F word? whoa

  8. Avataaar/Circle Created with python_avatars Steven Berger says:

    Didn't realize the video was so old until gram dropped an f bomb.. that set me back on my heels a little lol

  9. Avataaar/Circle Created with python_avatars Maul says:

    Can’t believe Graham used to swear in his videos 😂

  10. Avataaar/Circle Created with python_avatars Regular Reviews says:

    I’m from the future. Bitcoin is now 46k

  11. Avataaar/Circle Created with python_avatars Danny Dabbles says:

    “SunCor Financial MPI review"

  12. Avataaar/Circle Created with python_avatars calvinthedestroyer says:

    My $60 in bitcoin has more than doubled 🙂 really wish I had more the trade with. Love your videos Graham

  13. Avataaar/Circle Created with python_avatars Marcus Rollin says:

    Hearing Graham swear is something I never thought I'd see

  14. Avataaar/Circle Created with python_avatars A Richter says:

    At the time of the video Bitcoin was at 1.800€, it x10 the same year.

  15. Avataaar/Circle Created with python_avatars BASHIR USMAN says:

    Investing with madrigal_kelviin_ on insta was the best decision of my life. Made $12,800 in 7days Investing $2,000

  16. Avataaar/Circle Created with python_avatars Bello Ummuhani says:

    I invested with MADRIGAL_KELVIIN_ on lNSTA it was Successful and I made good profit doing that. I invested $1,000 and made a sum of $13,500

  17. Avataaar/Circle Created with python_avatars Ronald Chigozie says:

    Madrigal_Kelviin_ on insta-qrm as been a good luck to I and my friends, he as been making us good profit Investing through him

  18. Avataaar/Circle Created with python_avatars Lord Alexander says:

    I can't believe Graham was making vids back in 2017, I found him in 2019 which is when I think he blew up.

  19. Avataaar/Circle Created with python_avatars Chantra Wise Varman says:

    Hi, brother
    How about XRP and ETH, can it increase in the future or not???

  20. Avataaar/Circle Created with python_avatars YUSUF MAMUDA SHAISKAWA says:

    Hello guys I think you should check danielmartinez047_ on lG … He's very good in trading and helped me turn to a millionaire today … He's a life saver.

  21. Avataaar/Circle Created with python_avatars Eric James says:

    I saw many reviews about Mr.Steven Dunn's excellent trading signals and strategies about how he made a great Impact to so many young crypto investors since last year, some said he has the best strategy to trade Bitcoin so I reached out as to take and he gave me the best tips to excel in the world of Crypto. Now I don’t just Hodl, I make more Gains, after 1 week I can boast of increasing my Portfolio from 4Btc to 19Btc, all Thanks to Mr.Steven Dunn. you can contact him through Whatsapp +15162001939 or telegram +15167557663 for assistance

  22. Avataaar/Circle Created with python_avatars Hannah Monroe says:

    This is Good News If you still have Bitcoin. This is the best time to invest and buy more bitcoin at cheaper rate and watch it Hit $50,000 in a few months. Remember when Bitcoin got to $18,000 we were all wishing we had opportunity to buy it when it was $8000, now its $8000 they are panicking and saying its Crashing, I had 3.5Btc ( $42,000) which dropped to nearly ( $18,000) when i came across a testimony of how a Pro Trader Mr.Steven Dunn” taught people how to multiply their Btc at first using his trading signals, I was skeptical, but i tried it, the first week we made 19btc with my 3.5 btc, Give this program a try. Mr. Dunn can be reached through telegram +15167557663 or whatsapp +15162001939. Don't keep your Bitcoin idle, double your money every week

  23. Avataaar/Circle Created with python_avatars Carlos Carralero says:

    ive been investing in this company @t they double my money in 10 month ,4073371791 i can show you my numbers,

  24. Avataaar/Circle Created with python_avatars Aurora Lennox says:

    I can't imagine how mw and my husband was blessed with Swifthackzone on i͎n͎s͎t͎a͎g͎r͎a͎n͎m͎, we invested 9btc and it yielded 21btc

  25. Avataaar/Circle Created with python_avatars James Crowley says:

    Here in 2020, I miss Graham's 2017 laser-circle eyes

  26. Avataaar/Circle Created with python_avatars Travis Monahan says:

    Please do an updated video on bitcoin!

  27. Avataaar/Circle Created with python_avatars Blah Blah Ugh says:

    Siver > Bitcoin

  28. Avataaar/Circle Created with python_avatars BabyBlue says:

    what do you think about this now?

  29. Avataaar/Circle Created with python_avatars LENNY aaron says:

    Still earning over $14,000 weekly using payingmecash,wordpress,com

  30. Avataaar/Circle Created with python_avatars James Hartmann says:

    Do you own any Bitcoin?

  31. Avataaar/Circle Created with python_avatars Rosmery Peralta says:

    Bitcoin doubler got legit after I invested with BENEFITHACKER23 on IG for thier instant bitcoin hack, i just received 10btc into my online wallet..

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