Bitcoin is the first encrypted digital currency. It has the basic properties of currency: it can be traded and saved, and it can exist as a measure of value. It is called «the future of currency» by many people. The limited number of Bitcoins and their scarcity make many people consider not only its monetary properties but also its investment properties when purchasing Bitcoins. Its dollar value continues to rise, rising even more after Musk’s $1.5 billion acquisition.
Some people buy Bitcoin because it is rare and expensive, and they follow the trend when they see others buying it. Unexpectedly, they bought a house and a car because of Bitcoin;
Some people are willing to make value investments in Bitcoin because they are interested in technological innovation. She looks at Bitcoin from the perspective of an early equity investor and believes that it has a promising future and can accumulate wealth.
“I went on vacation to Iceland with my Bitcoin earnings”
James Saye.Technical Adviser
I first invested in Bitcoin in 2017. I started with around £500 and was worried about investing too much money.
During its rise I made £2,500 and took it on a lovely holiday to Iceland. Iceland is a beautiful but expensive country. Bitcoin income helps me a lot. I bought it again in 2018 when it was worth less and I still hold it.
«Part of my retirement plan»
Heather Delaney, founder of Gallium Ventures PR agency
I am a «silent» cryptocurrency investor. I started out investing £5 and gradually increased my investment in a controlled manner. This is a long-term investment strategy. When I saw that the money I invested in Bitcoin increased in value by 585.41%, I never withdrew the money. I know other people are doing some exciting things with these investments, but this is part of my retirement plan.
«I used my earnings to buy a Bentley»
Javed Khan, independent investor
My Bitcoins are not for investment purposes. Initially it was a money transfer tool. I don’t want to wait for the bank’s approval and prefer the easier method.
In 2018, I realized that I could leave some Bitcoin in my account while transferring money and watch it increase in value. I was also surprised to find the value it gained.
In January 2020, I converted my Bitcoin earnings into cash and bought myself a Bentley brand car in Dubai, where I live. I took a video and sent it to my mom. My mother looked at all this and was so proud that she even cried.
“Bitcoin helped me buy a house”
Daniel Crocker, businessman
In 2012, I interned at a technology company. At lunch, we usually discuss how to get rich. We researched and invested in Bitcoin for a few weeks when no one had heard of it. The venture didn’t last long, but luckily I kept my share. I sold these last summer and used them to pay half of the deposit on my house. I still hold some but I’ll be patient
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