IF YOU BOUGHT $5 OF BITCOIN 7 YEARS AGO, YOU’D BE $5 MILLION RICHER
This week Monday marked the seventh anniversary of what is said to be the first recorded instance of Bitcoins being used in a real-world transaction. Over the course of seven years, Bitcoin’s value has multiplied 889,999 times. If an investor had decided to spend five USD on about 3,000 Bitcoins back then, that stake would be worth $5 million today. With $1,400 spent on some 500,000 Bitcoins, the investor would be worth at least $1.111 billion today. Learn HOW TO BUY BITCOINS here.
At first, Bitcoin didn’t latch on, and it was solely the domain of the early adopters. There were very few business individuals which accepted bitcoin as a payment method, and it was something which was almost frowned upon by most governments. More on Daily BitCoin Signals As more and more businesses and governments accepted bitcoin, it gradually went up in value, more and more people were starting to embrace the idea of a decentralized currency.
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The main advantage of bitcoin is that it is decentralized which means, there’s no government which controls it. This freedom is one of the reasons why Investors have come to see the currency as something of a safe-haven-asset — and there’s been plenty of that in recent months in Brazil and the United States. There is also an additional advantage in Bitcoin – IF YOU BOUGHT $5 OF BITCOIN 7 YEARS AGO.
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