Investing in Bitcoin has been very lucrative in the recent years. Since the time Bitcoin was invented, it has given the world a new currency to utilise. Bitcoin is a digital currency with a limited supply of 21 Million Bitcoins that will ever exist throughout the end of time. In the last 3 years Bitcoin has gained mainstream media’s attention. Today, It is also used as a medium of transaction for small and medium size business and is being used in many countries as a medium of exchange. Bitcoin’s Price Action! In the early 2010s the price of 1 Bitcoin was less than $0.1 and as of today it is $11684. It had reached closed to $20k in 2018. Those who invested in Bitcoin in the early 2010s are either Bitcoin billionaires or millionaires. It's expensive? Inorder to define cost, we need to understand the Demand and Supply of Bitcoin. As of today, the volume of Bitcoin transacted in terms of USD is over $20 Billion. And Bitcoin’s average turnover has topped $18 Billion daily....
Personal finance • Investing • Wealth Growth • stock market • Cryptocurrency • Millionaire Goals • Money • Bitcoin