Dispelling the Myth: Is Bitcoin Really Too Expensive for Average Investors?

In Dominic Basulto's article for The Motley Fool, he addresses the misconception that investing in cryptocurrencies, particularly Bitcoin (BTC), is too expensive for average investors. Basulto argues against this notion, highlighting that investors don't need to buy a whole Bitcoin and can instead purchase fractional shares, with many trading platforms allowing investments with as little as $1. He also suggests alternative routes to Bitcoin ownership, such as investing in spot Bitcoin exchange-traded funds (ETFs) like the iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Trust, which offer lower entry prices compared to purchasing individual Bitcoins. Basulto counters concerns about Bitcoin's perceived overvaluation by citing bullish price projections from analysts, including Cathie Wood of Ark Invest, who predicts a potential price of $3.8 million by 2030, suggesting that Bitcoin may still be undervalued. Moreover, Basulto discourages investors from solely seeking out extremely low-priced meme coins like Shiba Inu, emphasising the importance of considering the quality and potential long-term returns of investments.