As you know, every country has its own currency which is a form of money. If you are in the USA you have to use the US Dollar in order to buy or sell things, Same with Canada, Australia, and the rest of the countries. Each currency has a governing body which regulates their respective currencies.
Bitcoin is also a currency just like USD or Rupees but it is a global currency. It doesn’t belong to any country and Bitcoin is the system where these Bitcoins are accepted.
Bitcoin is a form of digital currency. It can be used to buy and sell goods. Bitcoin is the first and the most popular cryptocurrency introduced to mankind. But more than just a cryptocurrency, bitcoin has become an obsession for many. Many people purchase bitcoin for its investment value rather than as a medium of exchange.
Let’s have a look at some people who invested in Bitcoin early and now have become rich.
1. John Ratcliff:
“I got my first bitcoin in December 2012, as a gift,” said John Ratcliff, a video game developer who lives near Pikes Peak in Colorado. Back then, the novel token was worth a measly 13 bucks. “I sort of dismissed it, then checked back in in 2013 and saw it was worth $72. So I took my wife out for a nice dinner.”
That date actually cost him thousands, if you consider the current value of the digital currency, which recently made headlines for topping $40,000. The record valuation made millionaires out of those who have stood by the cryptocurrency since the early days.
The 59-year-old Ratcliff invested $15,000 in 150 bitcoin at $100 in 2013. Now, he’s overseeing the development of a brand new $1.4 million “dream home” with a view of the mountains, and ready for his new $250,000 Tesla Roadster to enter manufacturing. For the latter, he put down a deposit utilizing proceeds from the sale of six bitcoin. He additionally bought a home for his nephew, paid off his children’ scholar loans and has put aside a few of his crypto-fortune for charity.
2. Nikki Beesetti:
“I simply acquired again from a trip in Miami, and have one other deliberate to Cancun,” stated Nikki Beesetti, a Chelsea-based crypto dealer who initially invested $2,000 in 2017. Since then, the 24-year-old has paid off $19,000 in faculty tuition, in addition to the automotive mortgage for her $35,000 Tesla Mannequin 3.
Beesetti retains her day job as a product supervisor, however invests on the facet and blogs about her finances. Her purpose is to assist different millennial ladies get wealthy. “For me, crypto is a supply of economic freedom,” she stated.
3. Giovanni Mendez:
Giovanni Mendez, 33, a tax legal professional based mostly in Puerto Rico, works with “OG” bitcoin buyers seeking to benefit from the territory’s tax incentives, together with zero capital features taxes.
“One man purchased a Rolls-Royce, and I’ve seen some spectacular penthouses all around the world purchased with bitcoin,” stated Mendez, who opened his personal agency in 2017 based mostly on his private crypto investments.
Nonetheless, the final word standing image for the crypto-riche simply is perhaps the Tesla.
“I’m driving a spaceship,” stated Ratcliff of his present Tesla Roadster. “I’ll by no means return.”
The buyers closely follow Elon Musk, who surpassed Amazon CEO Jeff Bezos as the world’s richest person.
“I’m actually curious about shopping for a Tesla Cybertruck when it comes out,” stated Jim, 41, a utility employee in Lengthy Island. He retains his bitcoin, which he began shopping for final yr and says is now price north of seven figures, in a number of completely different unhackable {hardware} wallets in a protected in his bed room.
He has plans to improve from his small condominium to a giant home — “4 or 5,000 sq. ft, with a pool” — plus take journeys to Japan and Hawaii as soon as the bitcoin value hits six figures, which he expects to occur by the top of the year.
Now, his co-workers, relations and outdated acquaintances are clogging his inbox. “Every week there’s a unique cousin or work man asking how they get in.”
Crypto bros, most of whom are in it for the lengthy haul, are assured that they are going to have the final giggle, although they’re not seeking to rub it in.
“My spouse needed to name our new home Bitcoin Manor,” stated Ratcliff, whose digs will boast floor-to-ceiling home windows and an elevator. “However I stated that’s too cheesy.”
