Daily LEO #10: Tesla, Apple and Major Players Adopting Bitcoin | Is it Too Late for Retail Investors?

In this episode of the Daily LEO, we talk about Tesla's recent acquisition of $1.5B worth of BTC and their important announcement around accepting Bitcoin as a form of payment. Many people are wondering if it's too late to get into Bitcoin and if they already missed the boat.


The Tesla Domino Effect

Tesla getting into Bitcoin has led to this idea becoming a reality. Many have discussed the possibility that major institutions and corporations from the S&P500 would follow Microstrategy's lead and purchase BTC for their corporate balance sheet as a replacement for holding dollars and a superior store of value to gold.

The dollar is likely to lose 50-75% of its value over the next decade and major corporations hold billions upon billions of dollars in cash on their balance sheet. They need to stay liquid, which makes it difficult to hedge that cash with something that won't lose value over time but still remain liquid enough to access the capital at any time.

Michael Saylor and Elon Musk had an exchange on Twitter back in December and Tesla purchased BTC less than 3-4 weeks after that exchange. Many in the space expect other major SP500 companies to now follow Tesla's lead. Microstrategy was a big wake up call to corporations, but Tesla getting in has made it a necessary talking point.. not just a interesting thing happening in the world.

Here is a link to the SEC filing from Tesla announcing their purchase of $1.5B BTC and also that they will soon start accepting BTC as a form of payment.


Will Apple Launch a Crypto Exchange and Stockpile Bitcoin?

This article comes from Bloomberg where an Apple bull shares an idea that Apple should launch their own native crypto exchange via the Apple wallet app.

Apple has the cult following and ecosystem of hardware and software to do massive things in any industry they decide to venture into. They're even getting into the car space to try and take on Tesla.

Apple also has far more cash on their balance sheet than nearly every other corporation in the world. They are extremely cash rich and thus, a hedge by purchasing BTC would likely result in a far greater purchase than Tesla made.

Launching an exchange on IOS for crypto is a given. It's ridiculous to think about the potential cash flow that could generate. Look no further than the profitability of Coinbase. Imagine if Apple created their own native rival to Coinbase. The IP and brand recognition alone would rival Coinbase right from the start.

Is it Too Late to Buy Bitcoin?

image.png

A few years ago, I came up with this idea for getting friends and family into the crypto space without exposing them to the rollercoaster of capital and emotions that come along with being a HODLer.

What I came up with was the "$10 a day" strategy. I set many of them up with something like Coinbase or the Cash App and we created an automatic recurring buy through the app. From there, it would automatically withdraw $10 (or more if they wanted) and purchase BTC every single day or every week.

6 months ago, I shared some research and solidified my ideas around this method of getting into the crypto space through dollar cost averaging.

I've set more than 20 people up with this type of strategy and the vast majority of them are up 3-10x with their average purchase prices being below $15k (depending on when they started).

In the past few months, I've gotten more calls, texts and emails asking about Bitcoin and how people can get into the space. We all know the stories of people who bought in at $20k in 2017 and experienced the worst of what crypto winter had to offer.

So instead of telling everyone that it's too late to get into Bitcoin, I offer this strategy. It's a low-risk and low-stress way to get exposure to cryptocurrencies over a long period of time. Once it's set up, there's nearly no maintenance that has to be done. Check the price every so often if you want to.

It's not too late to get into Bitcoin and it's definitely not too late to start learning about the space. With a low barrier to entry, I believe that this is one of the easiest ways to get involved without risking the farm.


Listen & Subscribe to the LeoFinance Podcast!

 

 

LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Track Hive DataNew Interface!About Us
HivestatsLeoFinance BetaLearn More
Trade Hive TokensWrapped LEOHive Witness
LeoDexwLEO On UniswapVote

Support LeoInfra's Onboarding Efforts by Delegating HP to @leo.voter (Currently at 2.4M HP). We Use this to Claim Accounts and Delegate RCs to Newly Onboarded Users

Posted Using LeoFinance Beta



0
0
0.000
25 comments
avatar

That $10 a day strategy is perfect.

Low risk, no stress, set it and forget it...The problem is, most in this space wanna flip for quick returns instead of having that long term vision.

Great example to share with others man...So easy to follow and understand.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yep $10 a day is how it all begins. I've gotten a lot of people hooked onto this strategy over the past 2 years and they all are blown away that it actually works.

Long-term mindsets breed long-term results :)

Posted Using LeoFinance Beta

0
0
0.000
avatar

Just watched this on Youtube. I encourage everyone to head over and give it a like. I hadn't considered dollar-cost averaging in using cash app. Now it seems like a legit set it and forget type thing to do. Funny how btc is so "real" now.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Lol yeah it's getting more real each day. Most people don't realize the value of doing just $10 a day into BTC. It can literally be life changing if you do it for the next 10 years and BTC crosses that "Gold Market Cap" threshold.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I like the $10 a day strategy, it also sounds like an easy way to save money. Reminded me of my early days in university, when I used to keep a savings account and would always save 10% of any amount of money Ι received.

It's not too late to get into Bitcoin and it's definitely not too late to start learning about the space.

Fully agreed, it's still early in the game. We are talking about revolutionary technology which was only invented 12 years ago.

Exciting times ahead!

Posted Using LeoFinance Beta

0
0
0.000
avatar

Only 12 years ago. Crazy perspective that most people don't understand.

The next 12 will be even crazier

Posted Using LeoFinance Beta

0
0
0.000
avatar

As a former tax slave of Apple, I will say that I will not trust any news about Apple until there is an official filing with the SEC or they make an official announcement. Employees didn’t even know anything until an announcement unless you worked on the project. So I personally do not trust any news source or rumor site about Apple. Unless it’s on Apple.com, it’s not official. Just saying...

0
0
0.000
avatar

I can see why you are called the logical dude because that is very logical, and, if I had to guess, you're a dude?

I'm with you there though, better to hear it officially from Apple themselves or via SEC filing

0
0
0.000
avatar

Nope nothing said here is official news from apple. It's based on the recommendations of a famous AAPL bull investor who believes Apple is missing out on a massive opportunity to enter the crypto space.

![image.png](

I think AAPL will announce something in the next 6 months. I'd be very surprised if they don't. Whether it's something like adopting BTC into their treasury or adding purchases directly in the Apple wallet.

Posted Using LeoFinance Beta

0
0
0.000
avatar

It would be a great step in the right direction, but again, I am skeptical until they actually announce something. I used to work for the Apple Cash team and will say anything will be better than the greendot bank crap they are working with now. We'll see!

0
0
0.000
avatar

Yeah man! About that 3Rd point, I have adopted the "tenner a day" discussion and got my brother and two old school friends doing this technique after they reached out to me.

They still think they have missed the boat and I say that BTC is definitely not going anywhere, you don't have to buy 1 BTC, it's good to just gently roll in, use some of the savings accounts out there and you will have a relatively "safe exposure" to crypto. I regularly share articles and info that aren't reported in mainstream media and also show them articles from mainstream media, which oftentimes contradict themselves and have a complete lack of research.

Anyway, this is exciting and I'm happy to be able to help people now who thought I was just that weird nerd who believed in some magic Internet money. OK, they still think I'm weird but at least they are exposed to crypto now haha!

0
0
0.000
avatar

"you don't have to buy 1 BTC"

Most people in the world will never own 1 BTC!

That's the reality of a scarce store of value. People need to get the idea of 1 BTC out of their heads and view this as a long-term game of storing value that won't depreciate over time (like the USD).

Haha exposure is all we can ask for. Even if it's as small as $10 here and there

Posted Using LeoFinance Beta

0
0
0.000
avatar

I did some calculations earlier and if all 21 million that will be in existence from 2140 would be completely evenly distributed to everyone on earth (if population stays at 7.8 billion) then we'd all have 0.00269231 BTC.

However, there'll come a time when it will be considered as sats I reckon so that's 269,231 sats. If you can get that amount of sats then you'd be "above average".

Of course, many assumptions made that it's totally evenly distributed but it's definitely not. Think the average amount would probably be skewed but the sooner people realise there's 100 million sats to a Bitcoin, it will make it easier to digest. You won't be able to own one whole Bitcoin but you can definitely own a sat!

0
0
0.000
avatar

Honestly apple having an apple wallet is not a bad ideal at all because it would be a win to win to the operation for the two bodies. Apple would gain more investment ground and we the users would feel safe and secured about our daily savings. With this, apple wouldn't depend on the dollar currency to achieve there budgets because they would be able to operate
on Cryptocurrencies and also have feature stakes. Thank you.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I think it's a no brainer for Apple to allow crypto purchases (and maybe even spending) via Apple wallet. They have the IP, they have the userbase. It's a massive potential revenue stream for them.

I bet that they have started researching and piloting a program like this since PayPal started getting active in this business. I have a hunch we will see an official announcement in <6 months.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I've never thought of that $10 strategy.But I may have to tweak it a bit in our currency, we barely earn that much here in the Philippines

Thank you for sharing this. I hope that I will be able to adapt to it. I shall teach this too to my family and friends who want to get into this.

Stay safe always!

Posted Using LeoFinance Beta

0
0
0.000
avatar

The week has been very busy for cryptocurrencies. So many news happening in a short period of time.

Posted Using LeoFinance Beta

0
0
0.000
avatar

never too late to start involve in crypto until 2040.

0
0
0.000
avatar

Interesting to see the ride with Bitcoin. But how much effect would a $10 daily investment do in BTC, I rather invest $10 daily on Hive and Hive tokens.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I'd rather spend some time on Leo and earn one Leo/day and by the end of the year Leo will reach $10 and boom $10 a day investing without actually investing :D

Posted Using LeoFinance Beta

0
0
0.000