You think Bitcoin’s price is too high? Read this.

Crypto with Lorenzo
9 min readNov 21, 2023
Image by phanurak rubpol via Shutterstock

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“Bitcoin is too expensive now at $37,000.”

“I missed the boat on Bitcoin. It’s too late now.”

“The bubble has burst. What’s it at now, 15K?”

“Bitcoin is BS; crypto overall is a scam and a get-rich-quick scheme.”

Over the years, I have spoken to many people through work and leisure, and these are some of the most common excuses I’ve heard about Bitcoin and altcoins.

There is some truth regarding scams in crypto. Still, it is just as foolish to paint the entire space with the same brush as it is to fall for a rug-pull altcoin/token.

Oh, and the one about Bitcoin mining being bad for the environment because of its electricity demands. How could I forget this one?

I’ll call BS on that one. If you beg to differ, I have written articles about this FYRP.

To cut to the chase and put it bluntly for you:

— Price and value are two different things (I will expand on these later);

— As per its setup, THERE. WILL. ONLY. BE. 21. MILLION. BITCOINS.

Bitcoin is expensive? What about the two multinational companies priced at over $60,000 per share?

— Berkshire Hathaway Inc. (BRK-A) @ $547,800 per share;

— Lindt & Sprüngli AG (LISN.SW) @ ~$122,260 (108,000 CHF)

Have people stopped buying these because they’re too expensive? No. These are still appealing to shareholders seeking more consistent yet…