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Bitcoins Explained! Branded USB Stick as a Staff Christmas Present?

15th December 2017 | News | Grace Jalowiecka

Bitcoin has taken off. Massively. Despite its steady increase since 2011, it’s only now the world has started paying attention – before it was just ‘geeks’ and investors, now it’s your neighbour Sue. It has well and truly become mainstream, which is great; its value is skyrocketing. As its value is skyrocketing, there’s obviously lots of money to be made.

For those not in the know, Bitcoin is a cryptocurrency; meaning it’s a currency that is homed on the internet, not in a country. You can use it in the real world, however: Amazon take it, cafes take it, bars take it. It never used to be that way, but it is now. Bitcoin’s widened use shouldn’t be seen as the cause for its meteoric rise, however. Rather, the rise should be understood as the World currently see it as a collectable. A collectable which they can make money on, much like how TY Babies were seen in the late 90s.

Here we mean collectable in the sense that many are buying bitcoin simply because its value is rising and they want to make money, not because they want to buy their next soya milk latte with some super-cool cryptocurrency. Bitcoin, contrastingly, has much more intrinsic value than TY Babies. As you can literally pay for commodities with it, if its value does decline, it won’t be nearly as bad as the TY Baby Bubble Burst.

Bitcoins and Branded USB Sticks

Bitcoin has totally transformed some lives. Here are some of those stories:

Kristoffer Koch

Kristoffer, way back in 2009, thought he’d buy some little ol’ Bitcoins (5000 to be exact). He had been doing an assignment on encryption, came across the cryptocurrency that is BitCoin, and thought the whole idea sounded great. Come 2013, 4 years later (years in which Kristoffer had totally forgotten he bought the cryptocurrency) the currency was getting a lot of coverage, which ignited the young man’s memory. He thought:

“I think I have some of that bitcoin thing”

So he checked. Worth close to a million. He bought an upmarket flat in the centre of Oslo. If had kept his bitcoins they’d be worth over 60 million pounds today. We wonder if that flat in Oslo has holes in the walls from him taking out his frustration.

Branded USB Stick and Bitcoins

 

 

Winklevoss Twins

The Winklevoss twins, famous for a lot of things, most notably featuring in the Olympics, suing Mark Zuckerberg, and becoming the first Bitcoin Billionaires.

In 2010 they sued Mark Zuckerberg, the CEO of Facebook for allegedly stealing their idea, Harvard Connection. With their winnings, which were undisclosed, they bought ten million US dollars worth of bitcoin. They saw the commodity as an astute investment. And they were right. As said, their bitcoin stash is now worth over a billion dollars.

Erik Finman

In 2012, Erik Finman – an at-the-time 12-year-old – was gifted $1000 for Easter from his Nan ($1000… Easter… We know). He decided he’d spend the whole lot on bitcoins. An audacious move, especially for such a young man.

12 months passed: Eric turned 13; Obama won another election; Spain won the Euros; Eric’s bitcoins went from being worth $1000 all the way to $100,000. He now runs a web venture company and pays all his employees in bitcoins.

Bitcoins and Branded USB Sticks

Bitcoins and Branded USB Sticks as a Christmas 2017 gift?

Although we may have missed the opportunity to seep the same rewards as above, there potentially may still be vast fortune to be had with Bitcoin. As the currency is exponentially growing, we’d say now is the time to buy!

In the last few months, the value of 1 bitcoin has risen from £10,000 to £15,000. A 50% increase! If you had £100s worth, you’d have £150. That’s a couple of Christmas presents sorted.

So why not, as a Christmas 2017 gift, give one of your friends, employees, family, or loved ones some branded USB sticks with bitcoin on it? Here’s a quick how-to guide! Our custom USBs are perfect for such a gift, you can even customize them! Contact us if you’d like to do that or have any questions. You can do that by calling 01896 750536 or using our online contact form.