All for a Bit of Coin

I read last week that Elon Musk, CEO of Tesla cars, Space-X and Starlink, has just purchased a billion dollars worth of Bitcoins. So I wondered if perhaps I should buy a few myself. Then I learned that one Bitcoin is valued at $64,000, so maybe I will hold off. Besides, the purchase price is $72,000, quite a bit higher than the value.

Bitcoins are one of 4,000 cryptocurrencies available, which is amazing, as there are only 180 standard currencies worldwide. One of the advantages Bitcoin has, it is universal and can be used in any country. This becomes a real benefit, because the currency of third world countries is often not recognized anywhere.