Bitcoin’s on a run, boet!

Over the weekend the cryptocurrency did it again, zooming along on an upward curve and causing WhatsApp groups in Cape Town to ring out with cries of ‘told you so, chaarna’.

Now your mate who bought R1 000 two weeks ago isn’t exactly going to be tendering his resignation any time soon, but Satoshi Nakamoto is doing rather well.

Get a load of this from Quartz:

Bitcoin was a whisker away from hitting $20,000 over the weekend, hitting a high of $19,771 yesterday…

At that price, bitcoin’s anonymous creator, Satoshi Nakamoto, would have been worth $19.4 billion, or the 44th richest person in the world…

Satoshi Nakamoto’s net worth would be derived from the 980,000 bitcoins he, she, or they are estimated to own. These coins are likely to have been obtained from mining the nine-year-old cryptocurrency early on. The funds have stayed untouched for years.

Shame, Satoshi.

How about this for a rapid rise to the top – look at some of the names that Satoshi wedges in between:

Some pretty big brands on that list and bitcoin just slots right in.

I’m no expert on business, or anything actually, but I don’t reckon we have ever seen a climb like this:

In October, Satoshi Nakamoto was ranked 247th on the Forbes rich list with an estimated fortune of $5.9 billion. That was when bitcoin set a then-new record of $6,000 a coin—about a third of where it’s trading today.

Decent return on your investment.

If you do want to dabble in cryptocurrency, and given that you’ll be hearing about it plenty over the holidays we reckon you dip a toe in the water so you can add your five cents, then hop on board with Luno.

Super simple, super quick, and super likely to drive everyone around you mad.

Perfect.

PS we called it ‘boetcoin’ weeks ago. The website has already been bought. Don’t try and claim that as your own, mkay?

[source:quartz]