Sometimes, statistics seem like an ordinary ridiculous abstract, but it proves to have been telling a compelling story after some time. This is visible because most institutions aren’t spearheading the charge related to Bitcoin’s rising market cap, which exceeded $1 trillion in 2021. Instead, it’s all because of consumers who have taken the personal initiative to embrace crypto in fear of being left out while others are making massive profits.
Of course, it’s a high-risk strategy if you secure it at its highest point, but one can also argue that those who took it up seriously when it first emerged at $20,089 in 2017 can now comfortably say that they’ve made a treble of what they invested.
Those who have managed to secure a lot of bitcoins may surprise you, as at the top of the hierarchy is Satoshi Nakamoto, crypto’s pseudonymous developer. It has been suggested that he has close to 1.1 million bitcoins distributed across numerous wallets.
Similarly, high-profile law enforcement agencies have taken up Bitcoin seriously, as Bulgaria managed to take up 213,500 bitcoins in 2017 before the crypto shot to $20,000. And if they had held on for a little bit longer, it would probably be worth $8.3 billion, which would have been used to pay off more than a quarter of government debts.
The Federal Bureau of Investigation (FBI) is also referenced in securing bitcoin as a matter of course. It is said that the FBI confirmed 144,000 bitcoins just when it had the Silk Road website in 2013 shut down. Sadly, they sold their bitcoins at a loss of $334 per coin, which shows how they missed out on securing billions due to their rush.
Tyler and Cameron Winklevoss are at the top of the bitcoin list. They got $11 million from Mark Zuckerberg, which they spent on bitcoins. They secured 1.5 million coins at $120 per piece. Bitcoin’s price has gone up by 32,33%.
FAQs
Is Bitcoin a Good Investment?
Indeed, Bitcoin is the way to go, but there’s no certainty of how long it will last. You shouldn’t put in your money and enjoy the benefits as things currently stand. Cryptocurrency prices keep on changing and hence can go down or shoot up.
How Many Bitcoins Are There?
Satoshi Nakamoto set the record for the first cryptocurrency, Bitcoin, which he decided would have a maximum supply of 21 million in the noughties. However, according to current reports, 90% of Bitcoin’s entire supply is already utilised.
How to Get Bitcoin
To effectively secure your first bitcoin, check out Cureency.com. Be sure to conduct proper research on Bitcoin before injecting your money, significantly benefitting you. Also, ensure you only invest the amount you can afford.
