Tesla, a multi-billion dollar company owned by elon musk, has officially made a purchase of $1.5 billion worth of bitcoins. This is good news for bitcoin holders, but very bad news for first-time bitcoin investors.
As the richest man in the world purchases $1.5 billion worth of bitcoin, you know he’s not kidding. After Tesla buys bitcoin, many other mainstream companies will follow Tesla's footsteps to buy bitcoin as well. This means that bitcoin’s value will skyrocket as more and more companies invest millions into bitcoin.
That is very good news for bitcoin holders who have 1-2 bitcoin, but very bad news for bitcoin starters. As bitcoin’s value increases, people who just started investing in bitcoin won’t have a chance to get rich. There is a very high chance bitcoin will reach $500k by the end of 2021, as more and more companies invest into it.
So with bitcoin’s price tag rising day after day, more people won’t be able to purchase bitcoins unless they have an income of $100k+ a year. This means us first-time bitcoin investors won’t have a chance to get rich unless we invest in altcoins. Altcoins always have a percentage gain higher than bitcoin, and ethereum is one of the best altcoins. It supports smart contracts, and is technically still considered “cheap” compared to bitcoin.
If you don’t have $1000+ and don’t want to invest into expensive coins, you should try cardano. The price of the coin dramatically increased by 95% in the last 30 days, and it is possible that will happen again. Decentralized finance for cardano can make it possible to reach $10 at the end of 2021.
So with bitcoin’s value increasing higher than ever, cardano is bitcoin 3.0
