With financial uncertainty around a COVID vaccine and US foreign policy, Bitcoin and cryptocurrency have surged as a safe haven for investors, especially those who last talked about it three years ago, but insist they have been accumulating in silence.
It had been quite some time since self-employed crypto investor Hugh Honey had been telling all his friends to buy Bitcoin in 2017 when it was at its previous all-time highs, but the recent rise back towards those levels has Honey shouting from the trees about how he has always been a believer.
“Having been watching Bitcoin prices since 2017, I am an early BTC adopter,” boasted Honey.
“It’s why I’ve been telling everyone to invest because it’s the future and I saw this coming.”
When Honey first invested in Bitcoin in 2017, the S&P500 was trading around 2,100. With it now around 3,600 in the same time BTC has returned to its $19,000 levels, Honey has sacrificed 70% capital gains by having his money tied up in BTC rather than just index hugging.
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