This argument makes sense for something that can be created indefinitely, but I don’t see how it applies to Bitcoin.
Yes, there are still about 1 million BTC left to be mined, but those coins aren’t created for free. Miners have to spend real money on electricity, hardware, maintenance, and operations to obtain them.
Bitcoin’s supply is capped, while demand can continue to grow over time. That’s why I’m confused when people say it’s “too early” or “too late.”
If by “too late” they mean Bitcoin is unlikely to deliver another 100,000x return in just a few years, then I agree. But if they mean Bitcoin’s value won’t continue to increase over the long term, I’m not sure I understand the reasoning.
Am I missing something? What exactly do people mean when they say it’s too late to buy Bitcoin?