Some Skeptics Say Crypto Is Too Expensive. I Disagree, and Here's Why.
Even with Bitcoin (CRYPTO: BTC) soaring to new heights, and all the new enthusiasm surrounding the new spot Bitcoin exchange-traded funds (ETFs), the crypto industry is still struggling to attract new investors. According to the Motley Fool Ascent's 2024 Cryptocurrency Investor Trends Survey, the core demographic for crypto remains Gen Z and young millennial men.
That's particularly surprising, given that we keep hearing about crypto finally going mainstream. Even more surprising, one of the reasons offered by the skeptics for not investing in crypto is that it's too expensive. That's simply not the case. Here's why.
There are various ways to interpret cost as the reason for not investing in crypto. But probably the most likely interpretation is something that can only be described as Bitcoin sticker shock. Imagine the scenario: You finally make up your mind to buy a little Bitcoin, but you check the current price, and it's well above $70,000. Immediately, you decide that Bitcoin is not for you.
Source Fool.com
