Bitcoin Crosses $50k
We Have Lift Off
Money printer goes brrrrr; as bitcoin continues its meteoric rise to the “moon”. Many in the wall st. world are still not considering it as a store of value. Even as the price rises, it may still not be too late for the average person to get in on it.
What is driving the price?
Thanks to the public adoption and subsequent twitter posts from Elon Musk (https://www.cnbc.com/2021/01/29/bitcoin-spikes-20percent-after-elon-musk-adds-bitcoin-to-his-twitter-bio.html) and other internet personalities, a new wave of investors are starting to adopt the crypto currency.
Bright future?
While most of the old money in Wall St. is skeptical now, that may not be the case for long. Apple is talked about to be the next company besides Tesla to announce that they hold bitcoin . If they don’t already.
Are you hodling?
If you aren’t familiar with the term. What it means to hodl is “hold on for dear life”. In the case of crypto, time has shown favor to those who held onto their coins.
Start small
Instead of trying to buy a whole coin, you could start with small amounts. The smallest amount is 1 satoshi. 1 BTC = 100 million satoshi. Keep stacking sats!
Key Take Away
Bitcoin reaches over $50,000 for the first time
Adopted by big name public companies and figures
Apple looked at as next company to hold bitcoin
HODL = Hold On for Dear Life
