Bitcoin Art by me Nick Thompson
The Bitcoin Investment Trust (GBTC) announced that is will have a 91 for 1 stock split next week to make it’s stock more accessible to retail investors.
Currently the price of 1 GBTC is around $1857 which is pricey for a single stock, especially for investors contributing smaller amounts of money each pay period to their 401Ks & retirement accounts. This had been the case for me last year because every two weeks I had a portion of my paycheck sent to my retirement account to buy Bitcoin, specifically GBTC stock, but the problem was that GBTC went up so fast the smaller amounts of money I was saving up never was enough to get one from the contributions.
Thanks to the geniuses at GBTC now everybody will have easy access to our stock after the split, and if it were to split right now all you wold need would be around $20.00 to pick up a share of Bitcoin! This will be much easier for the masses to invest their newly saved retirement dollars too! If I am correct this will be a great boon to GBTC, and Bitcoin as a whole! It is going to bring limitless new funds to out big coin! So get ready, but some GBTC, it may be a little bumpy at first right after the split, but I assure you HODL, because history will repeat itself and soon enough the split shares will be hard to buy with newly saved retirement money, so stock up now!
Some notable new cryptocurrencies that caught my attention!
Last week (ECASH) Ethereum Cash was on Fire, we saw the price shoot up 1000% and back again! If you missed it the first time around, now is another chance to pick up some on the cheap, I just did!
Another coin with big potential at a good price is (IETH) I Ethereum.
It also has a low total supply of only 18 Million coins, less than Bitcoin, so it is a perfect candidate for a coin that could easily grow 20-100X in no time at all.
One more coin that I like because of the extremely low supply is speedcash.
This coin only has 476,918 max supply, so I think it is going up big time! This coin has around the same amount of shares as BRK.A Warren Buffets stock, which is how high think Speedcash could go one day!
Speculative Crypotos of the Week!
A few more coins I noticed this week that were attracting lots of buyers are Bitvegan (VEG) and Litestar Coin (LTS) Both of these coins look very promising to rise in the future!
Litestar Coin has a maximum supply of 120 million coins, so at 9 cents it looks like a steal!
