It's good to have some bitcoin, but it's more important to think about the overall investment in the crypto space.
If there is anything that is definitely growing, it is the entire crypto space.
Certainly, bitcoin could grow substantially in value if we go by Plan B's stock-to-flow model. So it makes sense to hold it. At least some.
The other clear inflow is the inflow of brains and innovations in the crypto projects. Just read the white papers of some of the better projects, and find out who is in the team. I am always thrilled to see professionals with established track records named among the team members. Some of them are serial innovators or investors who are most likely to know what they are doing.
With that kind of inflow of brains and innovations, the inflow of funds accompanies, some from the VC and corporations, aka the 'smart' money. Such a setup meant that the chances of the business succeeding is very probable.
Yes, there are risks associated with investing in such projects. Indeed higher risks, given that it can be less regulated, and speculators are aplenty. This meant that bitcoin and the big caps are safer.
At the end of the day, it is really about the risk appetite one has.
But if we think long term, what is more probable is that more money and human energy will be poured into crypto space overall. It may be correlated with bitcoin price, but the story will go on, in that as bitcoin price increases, more brains and money will come into the crypto space overall which benefits the blockchain industry. And the cycle will go on.
So the crux is, if you think you are late to the bitcoin party relative to those who got in 10 years ago, just think that you are very early in investing in the crypto space and blockchain industry. Just be ready to ride out the volatility and uncertainty just like those early in the bitcoin space.
I am sure those who started early in bitcoin had to shoulder similar uncertainty.
Now the whole blockchain industry is where you are looking at. This is your 'bitcoin' moment.
So learn more. Do your research. Think through it.
Don't just stop at bitcoin, you don't necessarily need it, because everything will grow on each other.