If you’ve been on social media at all in the past year you most likely have seen talks about bitcoin. If you don’t know what bitcoin is, it’s a cryptocurrency that the government and banks have no control over. Over the past year its only been going up in value.
Just this week, Bitcoin peaked at $11,400 per unit. Now, for most people who want to get in on the action, its probably still not too late. For the people who knew that this would be something big and jumped on it years ago they are cashing in now.
Remember the Winklevoss brothers, the guys who sued Mark Zuckerberg for stealing the idea of Facebook from them? Well, these guys got into bitcoin about 4 years ago investing around $11 million and it turned out to be a HUGE investment for them. It is so big that it has made them billionaires. Thats right BILLIONAIRES.
The original price of bitcoin was only 0.003 cents per coin when it came out, making us all wish we could have jumped on the wagon back then. Since nobody has created a time machine, we can only go forward from here. It’s still not too late to get in on the action.
Bitcoin is projected to go up to $25,000 within the next 5 years. So if you have some money laying around that you have been wanting to invest, now might be the best time for you. I know that doubling your money is not as good as what could have been, but its just a start.
Who knows, maybe bitcoin will go up to $100,000 per unit and you will make 10X your money. But for now we will have to just start like everyone else and pray that the only way it goes, is up.
The Winklevosses are not yet on Zuckerbergs’ level but they have definitely made a huge jump closer to it. The real question is are they gonna sell or hold on and see where it all takes them.
What do you think about Bitcoin and other cryptocurrencies? Do you think this will go even further or it will crash and burn? Let us know in the comments section below!