First launched in 2008, Bitcoin is the world’s first and most widely known digital currency. It is a cryptocurrency (decentralized – without a physical bank or administrator) that can be exchanged between users on a peer-to-peer network, without the need for intermediaries.
Bitcoin has seen unprecedented increases in value since its creation. Starting at less than a dollar back in 2009, it has reached a value as high as twenty thousand dollars in 2017. Due to the global economic downturn caused by the current pandemic, experts across many industries predict the most significant boom yet for 2020. Some veterans speculate Bitcoin value to increase to as much as fifty thousand dollars year-end, even ten times that in the years to follow. So let’s dive into learning what the fuss is all about.
– The Early Birds who Caught the Worms
Let’s look at seven Bitcoin investors who got in early and who have seen their fortunes grow exponentially over the last decade.
The Winklevoss Twins are at $150 Million. Tyler and Cameron rose to prominence after their legal battle with Facebook founder Mark Zuckerberg. Among their many ventures, the pair created their very own Bitcoin exchange in 2015, Gemini.
Tony Gallippi is at $200 Million. The entrepreneur was one of the first to found a Bitcoin payment processor, Bitpay. It is one of the most popular of its kind.
Jered Kenna is at $300 Million. The former United States Marine got his start when Bitcoins were only 20 cents per coin. Jered runs a craft brewery in Colombia and owns a collaborative workspace for startups and entrepreneurs.
Dave Carlson is at $350 Million. He is likely the first Bitcoin millionaire to have mined his way to riches. After founding company MegaBigPower from his basement, Dave began to mine on an industrial scale.
Charlie Shrem is at $450 Million. Possibly the most influential Bitcoin millionaire, Charlie bought a large quantity of Bitcoin when it was trading cheaply.
Roger Ver is at $520 Million. He is known for generously sharing his wealth to promote Bitcoin. Roger’s passion for Bitcoin stems from his desire for it to rival fiat currencies. He has also donated millions to charity.
Satoshi Nakamoto (a pseudonym) is at $13 billion. He is the creator of Bitcoin. Several attempts have been made to reveal his true identity but to no avail. Only a few records of him exist, like email correspondence between him and Bitcoin developers. What is certain, though, is that he currently holds over one million Bitcoins to date.
– Here is How You Can Prepare for a Boom
Following the actions of early investors, you can make profits by investing and trading Bitcoin. So, in a nutshell, it’s merely buying and selling Bitcoin. And going by what the history of Bitcoin has shown us, getting in earlier rather than later better ensures a higher return on investment.
Several platforms offer the means and opportunity to trade (buy-and-sell) Bitcoin, so we’ve chosen to use Crypto Engine as an example case.
Crypto Engine allows users to trade Bitcoin and other cryptocurrencies to gain profits within as little as 24 hours. They provide a live-trading platform where users can trade hundreds of cryptocurrencies like Ethereum, Bitcoin Gold, Monero, ZCash, Golem, Lisk, Status, Ripple, and more. Their three-step registration process is effortless – register, invest, and trade. Once registered, a personal broker will contact the user to explain how to get started with the first trade.