Is It Too Late to Invest in Bitcoin? 4 Easy Ways to Start Investing Today

Bitcoin has been performing remarkably well in 2024, soaring past $100,000 and reaching all-time highs. Some investors might find the high price intimidating, but there are experts who believe it’s still a good time to buy. If you subscribe to the idea of buying low and selling high, or Warren Buffett’s advice to be cautious when others are overly eager, you might hesitate to invest in bitcoin now. The days of bitcoin being worth mere fractions of a cent are long gone. With a price tag well over $100,000, it may seem like a risky investment. However, after a 55% surge in value to over $108,000 following Donald Trump’s reelection, some experts see the current market conditions as favorable for investing in bitcoin.

Samara Cohen, the chief investment officer of ETFs and index investments at BlackRock, is optimistic about bitcoin’s future potential. She believes that the biggest returns may come from the period leading up to widespread adoption of the cryptocurrency. Financial advisor Robert Cannon from Experity Wealth shares this sentiment. Despite the seemingly high price of bitcoin, he suggests allocating 1% to 10% of your investment portfolio to crypto, depending on your risk tolerance. Cannon has observed indications that other countries, like Argentina, may start using bitcoin as a strategic reserve asset, which could drive up its value.

Cannon advises investors not to miss out on the bitcoin rally just because they think they’ve missed the boat. It’s crucial to get in before the big players do. Bill Miller IV, another expert in the field, also believes that it’s not too late to invest in bitcoin. If you’re considering adding bitcoin to your investment portfolio, here are four ways to get started.