Bitcoin: An Overnight Success a Decade in the Making | Opinion

Bitcoin: An Overnight Success a Decade in the Making | Opinion

Is it too late to buy some bitcoin?" "What about Ripple—I hear that's cheaper?" "Ethereum?" "Why didn't you tell me to buy earlier!" With the price of bitcoin hitting its all-time high on Monday, I'm starting to get more calls from friends asking these questions. I've been in the crypto world since 2011, covering it as a reporter and teaching it as a law professor, and such calls are one of the few certainties in this wacky market. In the current craze, which is at least the fourth I've lived through, it's important to remember that the best way to make money is slowly. Instead of reading crypto Twitter, anyone looking to succeed in this market should listen to the traditional investor most hostile to crypto: Warren Buffett.When asked why more people don't copy his investing strategy, Warren Buffett famously answered, "Because nobody wants to get rich slow." This is especially true in the crypto world, where fortunes seem to be made overnight. In 2013, I wrote a story for Businessweek about a man who erased a hard drive that had 800 bitcoins on it. When I wrote the story, they were worth $200,000. They are now worth more than