You have to answer that for yourself. One way to think about the question was proposed by former PayPal director Wences Casares.
Casares believes bitcoin will either go to zero, or over $1 million. His thinking is that if you put 1% of your savings in bitcoin, and it goes to zero, your life wouldn’t change. But if it went to $1 million, your life might change a lot!
Given this “asymmetry of outcomes” Casares believes most people should own a small amount of Bitcoin.
And remember, you don’t have to buy a whole bitcoin. You can buy as little as one-hundred millionth of a bitcoin—a unit called a “Satoshi”, named after Bitcoin inventor Satoshi Nakamoto.
So if you wanted to buy only $100 of Bitcoin, you can!
Let’s now look at ways to buy Bitcoin. →