Bitcoin Pump

Elon Musk has done it again. After Tesla revealed its $1.5 billion stake in the cryptocurrency Bitcoin ($BTC), the coin jumped over $5,000 in less than an hour, reaching a new high above $44,000 around 8:25 this morning. In the short term this was incredible for Bitcoin, but in the long term it will be even better. This is because Tesla said it will start to accept Bitcoin as a payment for its products, and it is expected that many major companies will follow soon. Obviously Bitcoin does not sit at a modest price, but the beauty of crypto is your ability to acquire very small pieces of one coin. A system that I love and both use myself has been treating Bitcoin like a savings account, sending a small amount of money every two weeks to my Bitcoin wallet. Is Bitcoin going to be 100 times riskier than a savings account? Yes. But has Bitcoin proven to make incredible gains while the world is still on the brink of adoption to it? Also yes. Do your own due diligence, or just listen to Elon, because whatever he says goes up!

-Darnel Shillingford

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