Bitcoin has been at the door knocking on 50,000 USD for the past two weeks. In the meantime Elon Musk under his company Tesla, invested 1.5 billion USD into Bitcoin, while institutional investors flocked to diversifying their portfolios to include Bitcoin.
Even BNYMellon created a new enterprise digital asset unit where once again without fail, Bitcoin is the main item on the dish.
So with all this going on, is Bitcoin becoming the store of value for the wealthy both individuals and companies? What happened to Satoshi’s vision for Bitcoin as a means of payment far from the oversight of the central banks and government?
Even coins, like Dogecoin whose success was based on the adoption of the youth, with kids using it in their games to make Peer to Peer micropayments at minimal charges has risen to proportions not seen before because of a tweet from Elon Musk.
While we always said that the Bitcoin was the gold of the crypto scene, it now seems more and more like its diamond, as it sits in a small number of wallets owned by Wall Street funds, banks and high worth individuals.
Yet this doesn’t mean Bitcoin is inaccessible for the masses, for all those crypto newcomers out there you don’t need 50,000 USD to invest in Bitcoin, all you need is a 100 USD or 10 USD to invest in Satoshi, the smallest Bitcoin unit knowing that each Bitcoin is equivalent to 100 million Satoshis.
Let us also not forget that only just a few days ago Ethereum surpassed Bitcoin as the largest network for trustless money settlement, so it seems only logical to once again go back to Satoshi and look at Bitcoin as a means of payment and utilize the Bitcoin network to build services, entertainment, and more, one Satoshi at a time.
