What does Labor Day mean to you? For me, it usually means at least one barbeque, getting into a pool and having a nice three-day weekend.
What does it also mean? It’s go-time.
Time to get those friends and family members invested in cryptocurrency if they haven’t done so already. Time to “buy the dip” (yes, this is still considered a dip). Time to hold on for dear life (HODL) because we’re about to embark on one heckuva ride to six figures.
Some say people will really start purchasing bitcoin after Labor Day, continuing its surge.
Others say September is a time that people typically realign their portfolios.
But, unfortunately after doing some research, it seems that historically September doesn’t really like bitcoin.
One might think that Labor Day weekend would be a great impetus to set off bitcoin – the unofficial end of summer, people getting back to business, having barbeques and discussing bitcoin of course.
But we will likely be waiting a little bit longer before bitcoin continues its climb – to $100,000. At least that’s what some analysts – and Bitcoin Ben – are saying we have in store for us this year.
People’s interest in cryptos has skyrocketed this year. It’s been a hot topic for investors, large companies announced crypto-related news, potential regulatory changes abound, and many more mentions in our everyday lives and in pop culture.
No one can deny that there is significant focus and attention on the crypto industry right now.
And there’s more big stuff happening later this year to propel the $100K prediction.
- We have possible crypto ETF (exchange-traded funds) approval, which could be quite significant.
- We have more and more companies announcing the acceptance of bitcoin and other cryptocurrencies as payment (like the recent AMC announcement), creating even more “real world” use cases for bitcoin.
- Let’s not forget about El Salvador and its move to make bitcoin legal tender as of Sept. 7, 2021.
- We can’t go a day without seeing the latest announcement regarding a new NFT (non-fungible token) – typically from a celebrity or high-profile person.
- The list goes on and on.
So…do your Labor Day weekend plans include something crypto-related?
Since Merriam-Webster defines labor as “a human activity that provides the goods or services in an economy,” it seems only fitting that bitcoin, a means to purchase goods or services, is top-of-mind this coming weekend.
Get on board the bitcoin train. Help others get invested. Let’s labor together to finally see $100K bitcoin.
And if you’re not invested yet…come on in, the water’s fine.
Have a fun and safe Labor Day weekend, everyone.
Gathering with Family and/or Friends This Labor Day Weekend?
Share These Tips to Get Them Invested in Cryptocurrency
Make small bitcoin (and/or other cryptocurrency) purchases on a daily, weekly or monthly basis.
– Apps like PayPal, Cash App, Celsius, Voyager and Venmo allow people to easily invest in bitcoin and other cryptocurrencies.
Purchase bitcoin at an easy-to-use ATM.
– Search for one near you – they are popping up everywhere now. Visit CoinFlip’s website to learn more.
Get a crypto credit card.
– Use it like a normal credit card – and earn bitcoin and/or other cryptocurrency every time you use it. Get the free rewards, in this case, free crypto. (Examples include the BlockFi Bitcoin Rewards Credit Card and SoFi Credit Card among others.)
Get a crypto debit card.
– Get rewards just for using something you would use anyway (like the Crypto.com Visa Rewards card).
Open a bitcoin bank account.
– Earn bitcoin on your deposits. Note: these are often not protected by FDIC insurance.
*These were compiled from information shared in previous Kelly’s Corner articles. This is not financial advice.
- https://www.dol.gov/general/laborday/history (“Labor Day is an annual celebration of the social and economic achievements of American workers.”)
This article was published on September 1, 2021, on Bitcoin Ben’s website (http://bitcoinben.io).
Kelly Wisness-Semchee has spent 20+ years in marketing and communications for various companies, including 13 years in healthcare specifically. She holds a bachelor’s degree in Public Relations and an MBA. Kelly has been married to “Bitcoin Ben” for 12 years. They reside with their fur babies “Litecoin” Little and Lacie and daughter Alexa in the St. Louis area. Learn more at https://www.linkedin.com/in/kwisness/.
Copyright © 2021 by Kelly Wisness-Semchee