Bitcoin saw massive traders and investors enter the space at strategic points in time last year as the digital asset saw massive success to cap off the year. While several smaller traders entered the market, the institutional players got the most fame, judging by the amount of the asset they bought.
Noticeably, some institutional entities include Microstrategy, an investment firm that has continued to purchase a digital asset in large quantities. Others are Tesla, MassMutual. While the digital asset has been seen as a better option for big companies, much has been said about small investment, owing to the volatility in the crypto space.
Greg and his wife invested $200,000 in Bitcoin
Despite the volatility, a pizza business run by a husband and wife decided against all odds to buy what they would consider a big amount of the digital asset. The Pizza shop, Sam & Greg’s Pizzeria were said to have pooled $200,000 into the digital asset in the early parts of last year. Husband and co-owner of the pizza entity, Greg Hathorn, used the opportunity of the recent Square purchase to announce their purchase of the digital asset. Notably, Square recently announced that it had purchased Bitcoin worth $170 million to add to its previous stack of the leading digital asset.
When asked why he chose to enter the market with such low capital compared to other firms, Greg pointed out that even though he was in the restaurant business, he had a knack for IT and watched the crypto space for some months. Even though he admitted that he was a late investor, just like most entities, he opined that the internet is seeing a good use that would shape how the financial sector is being viewed.
Their investment now has a return of 350%
Greg further says that he does not want all the money he has worked hard with his wife to earn being devalued and disrespected, hence the investment. He also notes that he is angry at the rate at which the government of America was streamlining their value, which the invention of Bitcoin will solve. Going further, Greg pointed out that Bitcoin has a fixed supply, and yet everybody across the globe wants it is another reason it is the best asset to invest in. He also advised business owners across the globe to turn to Bitcoin, especially if their currency is undervalued and they are looking for an avenue to preserve their capital.
Greg pointed out that he decided to invest in Bitcoin around April 2020, after the digital asset came off the back of the sell-off that happened in March. After that decline period, the sky was the limit for the digital asset as it saw highs upon highs to reach the current value that it has now. Their investment then has brought in a profit of about 350%, with Greg mentioning that they are still hodling for now.