If you had to invest money for your child’s future education you would think that buying stocks in giant tech firms like Tesla and Google would be a good idea. Well this Father bought Bitcoin for his daughter’s college fund instead, and it turns out that was exactly the right thing to do.
After the crash from its ATH in 2018, Bitcoin found itself at the price of $3.500 in early 2019. However, the price saw a significant improvement over the first six months of the year, outperforming some of the largest US companies in 2019. After reaching nearly $14,000 by June 22, the price spent the second half of the year dropping and trying to rise again.
However, despite the turbulent behavior, the last 12 months are generally considered to have been good for bitcoin. The coin’s performance was especially good for Izabella Bowles, a one-year-old whose father, Peter, put 1 BTC (currently worth $8,145) into her college fund.
The father of the so-called Bitcoin Baby promised to HODL the amount and not sell it no matter what happens to the…