Bitcoin Vs Cedis

Did you know bitcoin has already broken the all time high in Ghana cedis..
Yes it has. And even more.

You may be thinking how ?

But here it is important to understand why you should only save in bitcoin and not in the banks or in any fiat currency.

Bitcoin all time high was - 69,000 on November 10th, 2021

That’s high right.

Let’s do little maths.

On November 10th. The cedis was 6.15 to the dollar. So if you had got one bitcoin. It was worth

6.15 x 69,000 dollars = 424,350 cedis

Today. Bitcoin at $61,400
And the dollar to cedis rate doubled at 12.98

You’d have to buy one bitcoin at.

*12.98 x 61,400 = 796,972cedis*

So let’s say.

You kept your bitcoin at all time high. And never sold until now. Even with the loss of 9,000 dollars.

You have still earned more in Ghana cedis.

Than keeping on to your 500,000 cedis in the bank as savings.

Now let’s say your friends think you were stupid to buy this internet money at 69,000 dollars with your 440,000 cedis

And today it’s 61,400 and they feeling wiser

Show them how much it’s worth in cedis now.
Bitcoin has broken a whole lots of all time highs in many currencies. Except the dollar. And probably in 68 days. It may break the dollar all time high- or bitcoin may do what bitcoin does. ( unpredictable)
#BTC #Gh #cedi #Naira #NairaStrength

In this industry there ups and downs.
To play safe invest and not trade.
Note: Not a financial advise.