If you’ve been watching the news lately, you’d probably be curious about the rise of cryptocurrencies, and how it is minting millionaires and even billionaires just because of its phenomenal rise in value.
Recently, the Winklevoss twins, Tyler and Cameron have become the first Bitcoin billionaires (save perhaps for Bitcoin’s creators). You may remember them as the Harvard alumni who staked a claim against Facebook saying they were early investors but the idea was stolen from them.
The Winklevosses reportedly bought $11 million worth of BTC in 2013 using the $65 million proceeds they got from their Facebook settlement. The price of Bitcoin at that time was $120. As of writing, it’s almost $15,000.
That’s 12,400% percent growth on their investment.
There’s also this craze surrounding crypto assets in general. Businesses are raising funds through tokensales or ICOs. And people are buying crypto and “hodling” on, in the aim of growing their money as investment. Some are even actively trading Bitcoin on the margin – buying low and selling high.
If you ask me, thinking of crypto as an “investment” is the wrong perception. Cryptocurrencies were designed mainly for value exchange. And of course, I stand firm in my belief that it’s the underlying blockchain technologies that hold more value in today’s digital ecosystem.
Even if you are not earning directly from BTC’s exchange fluctuation or from launching your own ICO, there are other, simpler ways to take advantage of blockchains for monetary gains.
Here are a few to get you started
https://thenextweb.com/contributors/2018/01/03/4-ways-everyday-internet-user-can-earn-blockchain/