EXCLUSIVE REPORT: Elon Musk Bets Big On Bitcoin
Why Tech Billionaires Are Betting On Bitcoin Hitting $100,000
Bitcoin is having another killer year, having recently briefly hit $14,000 after going up for months.
And now, the world’s richest people are taking notice. From Microsoft's Bill Gates to to Sir Richard Branson, there’s big money betting on the future of Bitcoin.
One of the biggest names to chime in recently?
Although Musk had long been a cryptocurrency investor, a recent interview showed that his belief in Bitcoin went beyond what was previously thought.
Although the extent of Musk’s Bitcoin holdings isn’t known, it’s well established that people are becoming billionaires by investing in the world’s most popular cryptocurrency. Tyler and Cameron Winklevoss (of Facebook fame) - are well known for having bought Bitcoin early. According to the new book “Bitcoin Billionaires,” their fortunes are now worth billions.
Average man makes $980,000 in Bitcoin
It’s not just tech CEOs who are seeing those big Bitcoin bucks, either. Even regular people are seeing their net worth swell from investing in Bitcoin.
In 2009, a forward-looking Norwegian named Kristopher Koch bought 5000 Bitcoin when they were trading for just $0.0054--a total investment of $27. By 2013, Coindesk was reporting that his stake was worth $980,000.
That was when Bitcoin was worth $196.
At Bitcoin’s peak 2017 price, that same 5000 Bitcoin was worth $100 million.
Those returns might sound impossible. But for early Bitcoin owners, they were so common that nothing about Koch’s story would surprise them. Because from its early 2009 prices to its 2017 peak, Bitcoin rose over 300,000,000%.
2019: The Return of Bitcoin
After surpassing $20,000, Bitcoin spent most of 2018 going down. Naysayers were quick to declare the “death of Bitcoin.” But in 2019, Bitcoin has been staging a comeback. And this time it may go higher than ever.
Early 2019 witnessed a major increase in the value of Bitcoin that was similar to 2017. After starting the year at $3715, the coin had shot up to $12,444 by late June. It was the comeback story that investors had been waiting for. If you’d put $10,000 in Bitcoin at its January 2019 price, you’d have $30,000 by the middle of the year. And there may be even bigger gains yet to come.
Financial expert calls for $100k
For years, $100,000 has been a magic number for Bitcoin fans, a price target that many long-term holders are aiming for. Although not everybody is convinced that BTC will ever see a million, $100k is tantalizingly within reach. In 2017, Bitcoin rose 1000% in value. At June prices, it would only need to rise a fraction of that to hit 100k. For the stock market, that would be an incredible return. But for Bitcoin, it’s just a typical year.
And at least one financial expert is saying that Bitcoin could reach $100,000 sooner than we think.
In an interview with coinTelegraph, eToro analyst Simon Peters said that Bitcoin could reach the $100k mark by the end of 2019. Using advanced research techniques, he concluded that Bitcoin was in a “parabolic trend,” a huge price increase that, if continued, would take the coin to $100,000.
"Bitcoin continues to remain on track to close out the first half of the year on a highly positive note," he said, "we could see bitcoin reaching $50,000 or even $100,000 this year."
Until now, buying Bitcoin will never be a problem for tech moguls like Elon Musk, but easily making a purchase has been out of reach of the ordinary South African.
Coindirect is a new Bitcoin wallet that aims to make it easier, cheaper and faster than ever to buy Bitcoin. Not only can you buy Bitcoin with rands - you can also easily convert from Bitcoin to any one of 42 other cryptocurrencies.
Some of the reasons why South African's are making Coindirect their preferred way of getting into Bitcoin include:
- It is the CHEAPEST way to buy bitcoin in South Africa (when you pay by credit card)
- It is the FASTEST way to get trading (you can make your first trade in under 5 minutes - so you don’t miss out on gains.)
- They are the only platform in South Africa that you accepts CREDIT CARD payment
- Sign Up is FREE and EASY
- It’s 100% safe and secure and offer 24 hour support.
- You get a FREE $2 bonus if you join in the next 48 hours.
- Getting started with Coindirect is one of the easiest ways ever invented to buy and sell Bitcoin.
Just follow the three steps below to get started:
Step 1: Sign up on Coindirect’s website. All you need to do is enter your email address.
Step 2: Fund your account. Purchase coins using your credit card
Step 3: Start buying, selling and converting. Buy Bitcoin or any one of 42 other cryptocurrencies.
General risk warning: Finance24, Coindirect and it's affiliates are not licensed financial advisors. Any investment activities involve a high risk. For this, trading is not recommended to all types of investors. Before engaging in investments, you should be fully aware of any and all risks involved. Finance24 and Coindirect are not responsible for any trading losses incurred.