5 Interesting Facts About Bitcoin Investments that You Didn’t Know

  • Many celebrities have invested in Bitcoin

You might be surprised to learn that Bitcoin has a huge celebrity following, with some names that you wouldn’t think of actively investing in the cryptocurrency. Some of the most influential A-listers in Hollywood like Gywneth Paltrow and Ashton Kutcher have both been linked to Bitcoin investments, alongside British comedian and star of Gavin and Stacey, Rob Brydon. The list doesn’t stop there, sports stars like Serena Williams and Floyd Mayweather have also been reported to have substantial Bitcoin investments.

Most interestingly, however, are the musicians who have actively accepted Bitcoin as a valid payment method for their albums. Both rapper 50 Cent and Snoop Dogg allowed their fans to purchase their music using Bitcoin, making them Bitcoin millionaires in the process! In recent days, many celebrities and common people have begun to invest in bitcoins. Automated trading softwares launched to the market are largely responsible for the high success and profit rate. Bitcoin Storm is an intriguing app that allows users to trade the cryptocurrency with the world’s greatest market capitalization. Visit https://www.etf-nachrichten.de/autotrading/bitcoin-storm/ for more information. This process is completely automated, which saves users a lot of time.

  • The world’s most famous entrepreneur has invested in Bitcoin

There’s no better advocate for Bitcoin than Elon Musk, the world’s most famous entrepreneur. He’s flown into space, he’s created self-driving cars, and he’s a tech genius and now, he’s made mega money from none other than the cryptocurrency, Bitcoin.

It’s speculated that renowned car company Tesla is set to make more profit from the Bitcoin investment that Musk bought and put on their books, than from the entirety of their product sales combined for the year. If that’s not impressive, we don’t know what is!

  • Bitcoin has survived two financial crashes

With so much popularity around Bitcoin, it might be surprising for you to learn that it has in fact survived two major crashes in the past 3 years. One came in 2018 after there was a huge surge of people buying Bitcoin across the globe. This crash wiped off 80% of Bitcoin’s entire value, making financial experts predict that it would prove to be the end of Bitcoin and cryptocurrency as a whole. Surprisingly, however, Bitcoin bounced back and actually surpassed its value prior to the crash in just two months. The second Bitcoin crash came in 2021, a few months later than experts predicted, but it wiped billions off of the cryptocurrency market. Even competitors like Ethereum and Litecoin suffered huge financial losses, but Bitcoin once again managed to bounce back, causing an even bigger surge in buyers!

  • Governments are discussing accepting cryptocurrency as a valid payment

Investors in bitcoin are expected to maintain a secure bitcoin account. Before you begin your bitcoin investment, learn how to set up bitcoin account with a reputable provider. As more and more people buy Bitcoin, the world has started to wake up and listen to the pleas for cryptocurrency to be able to be used as an everyday currency. The Japanese government has recently acknowledged cryptocurrency, the first in the world to do so, and it’s expected that governments across the world will soon follow suit. If they do, the value of Bitcoin will soar significantly, meaning those who have already invested come this time will make a fortune.

  • It can’t be tracked by government bodies

Unlike traditional currencies, Bitcoin has been set up in such a way that it can be tracked and manipulated financially by governments across the globe. This means that the value of Bitcoin is dictated by that of its users and its popularity, as opposed to any political reasons. This is one of the main reasons why people are turning to cryptocurrency and especially Bitcoin, wanting a fairer, and more reliable currency.

There’s plenty more we could tell you about Bitcoin, especially about the drive for a more sustainable way of mining the coins, the blockchain technology, the recent addition to NASDAQ, and a whole host of other things, but the main thing to take away is – there’s never been a better time to invest in Bitcoin!