When the bitcoin was first introduced back in 2009, by the mysterious Satoshi Nakamoto, nobody could have ever imagined it to be so popular. Well, that’s not exactly true, you do have the Winklevoss twins and Roger Ver that backed it since its early days.
With the bitcoins price growth. Came a massive redistribution of wealth. People who bought in early, are swimming in profits now. Some people who didn’t get in early are either starting to hop on the bitcoin train or are blaming themselves for ignoring everything for so long. But surely, there must be people who don’t care all. Right?
Would someone like Kim Kardashian be interested in buying bitcoin?
Everybody obviously knows who Kim Kardashian is and that she has loads of money from her successful career. Once you get to that level of fame, you can start using social media for even more financial gain. Do you know how much money people like Christiano Ronaldo, Selena Gomez, And Kim Kardashian make per Instagram post? Over $400,000.
Now, that’s enough to buy about 33 bitcoins at the going market rate. But would somebody who makes so much money from basic Instagram post be interested in buying into bitcoin? Let’s think about it.
Is there a point for these guys to invest in BTC?
Well, let’s look at the financial situation of popular media figures. Time pegs Kim Kardashian’s wealth at almost $200 million. Not bad, right? Hm, and how about Conor McGregor? Remember his fight with Floyd Mayweather? Wanna know how much he got from that? Should be around $30 million, maybe more, not including indirect earnings. From one fight? Insane!
I don’t know about you. But I think $30 million is enough to last a lifetime if that money isn’t spent foolishly. With so much cash, is there really a need to start diving into the bitcoin game? I don’t think so.
The current point of bitcoin.
Alright. What is the point of actually buying bitcoins? Yeah, you can live on them. Sell your car for them. Buy a can of coke with them. Look at them. But when things come down to business, people buy them to speculate. People buy them to get an ROI. That’s it. Literally, that’s their main use. Why do “most” people mine them? To get money! They don’t care about upholding the network. It’s just money, money, money.
So, would someone like Kim K, Ronaldo, McGregor buy into bitcoin? Yeah, they can for sure. And it would probably make sense.
But should they really care? No, I don’t think so. Not with the money that they have already. There’s simply no reason to worry about financial safety if they play their cards right.
One thing is for certain though. If these guys publicly bought into bitcoin, the price would skyrocket from mass adoption.