It is Good Time to Buy Bitcoins. The Market is skewed with mostly buyers. Any incremental demand puts pressure on prices to go up. Considering that about 1,000 people own about 40% of Bitcoin or that about 4% of addresses own about 96% of Bitcoin, there is little Bitcoin being circulated. The daily trading volume is only around 200k Bitcoin out of almost 17 Million total Bitcoin. So it's easy to see how easily Bitcoin spikes with new demand. The large holders aren't selling. The vast majority of Bitcoin will be mined by 2032 totaling approximately 21 million coins, so incremental supply is also limited. So is it too late to buy? I don't think so. But there are going to be some very bumpy rides. It's not difficult for a few hundred top individuals to collude to move the price.
