Bitcoin and other Crypto currencies are the biggest news around and have seen extra ordinary growth in the past year. People are looking at Bitcoin now and kicking themselves that they did not invest in Bitcoin in early 2017 or better still in 2009 when Bitcoin made its first appearance. With thinking like that its easy to think that you have missed the Bitcoin boat.
Well the short answer to this is no you haven’t, let me explain. The price of a single Bitcoin has sky rocketed in 2017 from $930 (£811) a coin at the start of the year, hitting a high of nearly $20,000 (£14,355) in November 2017.
An increasing number of companies are accepting Bitcoin as a method of payment, and with the growth of Bitcoin services and the increasing use of Bitcoin ATM machines you can see why Bitcoin and other Cryptocurrencies are starting to be called the future of money. Obviously those that got in earlier have sen the biggest gains.
Rapper 50 Cent, also known as Curtis Jackson III, has reportedly amassed a small fortune in cryptocurrency. Jackson racked up about 700 bitcoins after agreeing to accept digital currency as an alternative form of payment for his 2014 album “Animal Ambition,” according to TMZ. That stake is now worth over $7 million. Not a bad piece of business.
With Bitcoin predicted to rise to over $100,ooo per coin in less than 10 years, we really are faced with a stark choice. Do we get in now? Or wait 10 years and start moaning about the lost opportunity.
