I’ve been reading up on bitcoin and saw that Tim Draper estimates the price will hit 250k in 2022. I honestly could never afford a ton of bitcoin even now at 37k but I could afford three. It would be a lot of my savings, not all, but a majority. Is it worth it to spend almost 111 thousand dollars buying three bitcoin? Will it make me back a substantial amount more money? Please help!
You cannot listen to some random advisors and expect that the market would follow what they are predicting. If you are planning to invest right now there are two possible scenarios, if the market goes down all you have to do is to wait for a much longer period of time to book your profit and you should never sell your coins at a loss. We might reach these $250k but we cannot set a timeline when those valuation will be touched.