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What Is Tyler, The Creator’s Net Worth?

Fresh off of the release of his last album, CALL ME IF YOU GET LOST, Tyler, The Creator is the man of the hour in Hip-Hop at the moment. His sheer creativity is showing itself more than ever right now, especially with his performance at the BET Awards, which the general consensus said was the best of the night. Though his wider respect has only come in the last few years, Tyler has been around for a little over a decade now. In that time, he’s accumulated an estimated net worth of approximately $16 million. Here’s how he did it.

Music & Touring

Since entering the game with Bastard in 2009 and dropping his debut album Goblin in 2011, Tyler, The Creator’s commercial success has only seen growth. Goblin sold around 45k copies the first week. His next album Wolf came two years later and with it, he sold roughly 89k copies the first week. For CHERRY BOMB, which split fans right down the middle, there was a slight dip, with Tyler selling just 51k copies the first week. No matter though because with another one of his famed two-year gaps between albums, Tyler returned with the critically acclaimed Flower Boy which sold 106k copies the first week. That’s an important one because it marks Tyler’s first album since streaming was really introduced. 70k of that number came from pure sales though, with the artist’s fanbase being extremely loyal. For his next album Igor, Tyler moved a very respectable 165k copies in its first week of release. With his most recent LP, Tyler managed to sell around 177k copies, continuing his streak of increasing each number.

Just like how for the most part, Tyler, The Creator’s albums became more and more commercially successful, the same can basically be said for his supporting tours. He’s yet to tour his most recent effort for obvious reasons, but for his last tour, Billboard reported that Tyler sold 225,703 tickets over the course of the 31-show tour which grossed him $12.8 million. He averaged around $414k per night on the tour for Igor, which contributed very nicely to his $16 million net worth.

Golf Wang Clothing Line

It shouldn’t surprise you that Tyler is a creative – it is part of his name, after all. One of his earliest avenues for expressing himself was by designing clothes when he was a child and now, a decade and a half later, he’s turned his own clothing line into one of his most successful endeavors.

In an interview with Ebro In The Morning in 2015, Tyler was asked if he could live comfortably just off of the money that was coming in off of his Golf Wang clothing line and he responded yes. That’s pretty insane considering it wasn’t even taking Odd Future merchandise into account and considering the fact that touring is usually the be all end all for musical artists.

Tyler’s uniqueness shines through in not only the designs but the philosophy around his clothing. He’s been quoted as saying that if famous people wore the line it “could be the worst thing possible” because he doesn’t want to become a trend that comes and goes. Caring as he does is exactly why Golf Wang is so lucrative for him.

Sponsorships

Tyler has a ‘no fucks given’ attitude, sometimes to a fault in his career. His musical content has matured along with him, but some things will live with him forever. You couldn’t fault Tyler for not being aware of this though. For years, his Twitter handle was @fucktyler, but he changed it to @tylerthecreator a few years ago. It was a business decision.

“My stock just went up because of that name change and only idiots won’t understand that,” he said. “How can I contact corporations like ‘yo, invest a bunch of money in me, I got a bunch of really good ideas’… that first impression is automatically out the window.”

Despite a somewhat controversial past, Tyler has been with some big brands in the past. For years he was with Vans, a brand he genuinely wore and he felt saw his vision. However, he hit a ceiling there. “Vans wouldn’t let me grow,” he said. From there, he made the jump to Converse and he has released a few pairs of sneakers with the brand.

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The 15 Highest-Paid Athletes Right Now

The influence and impact of the professional athlete have changed over time. Some athletes reach superstar status in their sport and have recognized the influence and reach that they possess. It makes them an instant magnet for higher salaries on the court but also opens up endorsement and sponsorship opportunities. 

The highest-paid athletes come from different sports and also earn in different ways. Some athletes like tennis superstar Roger Federer primarily make their income from endorsement deals, while other athletes such as Tom Brady and Russell Westbrook take home more in salary. Here are the highest-paid athletes in the world at the moment. 

*Forbes, Spotrac, and Sports Reference were used for salary and off the field earnings information.

1. Conor McGregor, Total Earnings: $180 million

Salary/Winnings: $22 million, Endorsements: $158 million

One of the top fighters in the MMA realm, Conor McGregor did well for himself in business. He founded Irish whiskey distiller Proper No. Twelve in 2018 which he sold earlier in 2021 for $150 million. McGregor is also a major box office draw in the fighting arena. He made $22 million for fighting Dustin Poirier in January of 2021.

2. Lionel Messi, Total Earnings: $130 million

Salary/Winnings: $97 million, Endorsements: $33 million

Lionel Messi has accomplished a lot and then some in the sport of soccer. He’s won FIFA’s Player of the Year a record six times. The captain of Barcelona as well as the Argentina national team, Messi’s huge earnings mainly come from his salary. He reportedly has a contract with Barcelona that pays him $168.5 million per season. Deals with Anheuser Busch, Adidas and Gatorade also contribute to his status as a top-two earning athlete.

3. Cristiano Ronaldo, Total Earnings: $120 million

Salary/Winnings: $70 million, Endorsements: $50 million

In the middle of a four-year, $64 million contract with Juventus, Cristiano Ronaldo is an unrivaled brand name in sports. A five-time Ballon d’Or award-winner with 770 career goals, Ronaldo also has a lifetime deal with Nike and has earned over $1 billion in career earnings. The 36-year old forward has sponsorship deals off the field with Unilever, DAZN and MTG.

4. Dak Prescott, Total Earnings: $107.5 million

Salary/Winnings: $97.5 million, Endorsements: $10 million

A former fourth round pick, Dak Prescott exceeded expectations for his career, making two Pro Bowls in his five-year career. Though he’s still on the mend from a season-ending ankle injury last year, Prescott signed a four-year contract extension worth $160 million. 

Prescott has also been a major marketing tool in the NFL with endorsement deals with the likes of PepsiCo, Beats Electronics and AT&T. He also just recently agreed to terms with Jordan Brand on a contract.

5. LeBron James, Total Earnings: $96.5 million

Salary/Winnings: $31.5 million, Endorsements: $65 million

With four NBA titles and three NBA MVPs, LeBron James is in rare company and at 36-years old has a slight chance at breaking the NBA’s career scoring record. Off the court, James is still a mega hit, raking in earnings from deals with brands like PepsiCo, Nike and Beats Electronics. 

The 17-time All-Star has built his own media empire with the development of production company SpringHill Entertainment and media company Uninterrupted. James’ portfolio doesn’t stop with a 2018 launch with several other athletes in Ladder, a health and wellness company as well as investments in the Blaze Pizza franchise.

6. Neymar, Total Earnings: $95 million

Salary/Winnings: $76 million, Endorsements: $19 million

There aren’t many soccer players that can measure up to Neymar on the pitch. The forward is just as lethal off the field with sponsorship deals with Puma, Qatar Airways and Redbull. He also added more attention to his name with an appearance in popular video game Fortnite. Neymar has won the Samba Gold award four times in his career. He also recently signed a contract extension with PSG worth around 30 million Euros. 

7. Roger Federer, Total Earnings: $90 million

Salary/Winnings: $30K, Endorsements: $90 million

Endorsements are a game-changer for Roger Federer compared to most of his peers on this list. The 20-Grand Slam men’s singles title winner takes in most of his earnings from endorsements. Federer has a 10-year, $300 million deal with Uniqlo, and also has contracts with LVMH Moët Hennessy Louis Vuitton, Barilla, and Mercedes-Benz.

8. Lewis Hamilton, Total Earnings: $82 million

Salary/Winnings: $70 million, Endorsements: $12 million

Arguably the most significant name in Formula 1 Racing, Lewis Hamilton has endorsement deals with Puma, Mercedes-Benz and Tommy Hilfiger. Most of his earnings come from his racing success. He holds the joint-record of seven World Drivers’ Championship titles. Hamilton also has his name in the history books with the most wins (98), pole positions (100) and podium finishes (169). Considered the greatest driver of all time, Hamilton’s influence in the sport is a huge factor in his place on the list.

9. Tom Brady, Total Earnings: $76 million

Salary/Winnings: $45 million, Endorsements: $31 million

A seven-time Super Bowl champion, Tom Brady is just as creative off the field as he is on. Brady has endorsement deals with T-Mobile, Under Armour and Fanatics. The 43-year old quarterback recently signed a contract extension with the Tampa Bay Buccaneers. He will make over $41 million in salary for next season and also has branched out with his TB12 lifestyle brand, Autograph, an NFT company and 199 Productions, a media imprint. 

10. Kevin Durant, Total Earnings: $75 million

Salary/Winnings: $31 million, Endorsements: $44 million

In the second year of a four-year, $164 million deal with the Brooklyn Nets, NBA star Kevin Durant has successfully recovered from a ruptured Achilles tendon that cost him a full NBA season. The two-time Finals MVP has sponsorship contracts with Nike and Degree. He’s showcased a passion for entrepreneurship, investing in companies like Postmates, Coinbase, and Acorn while fronting his own media outfit with Thirty-Five Ventures. 

11. Stephen Curry, Total Earnings: $74.5 million

Salary/Winnings: $34.5 million, Endorsements: $40 million

Despite the Golden State Warriors missing the playoffs for the second consecutive season, guard Stephen Curry had a great individual season. The former two-time MVP was a finalist for the award and led the NBA in scoring with 32 points per game. The three-time champion’s brand off the court has grown with his own individual line for Under Armour, deals with Google and CarMax, and an equity partnership with beverage brand Oxigen. 

12. Naomi Osaka, Total Earnings: $60 million

Salary/Winnings: $5 million, Endorsements: $55 million

At the age of 23, Naomi Osaka has already made her mark in tennis. She is a four-time Grand Slam singles champion and is the first Asian player to hold the top tennis ranking in singles. Osaka has used her platform well, earning over $50 million in endorsements this past year while addressing mental health awareness and racism. 

13. Tiger Woods, Total Earnings: $60 million

Salary/Winnings: $200K, Endorsements: $60 million

Tiger Woods is tied for first in PGA history in PGA Tour wins and is second in men’s major championships. The golfer is on the mend from a car accident earlier this year that caused multiple fractures in his right leg. Woods earns $60 million in endorsement deals with brands like Nike, Bridgestone and Monster Energy. He just added another deal, signing a contract with EA Sports to add his likeness and name to the PGA Tour 2K franchise.

14. Russell Westbrook, Total Earnings: $59 million

Salary/Winnings: $33 million, Endorsements: $26 million

A player who puts up video game-adjacent numbers, Russell Westbrook is a triple double threat every night. The majority of Westbrook’s annual earnings comes from his NBA contract. The 2017 NBA MVP is still on the five-year, $207 million max deal that he signed back in 2017. A nine-time All-Star, Westbrook also has a signature shoe deal with Jordan Brand and owns several car dealerships in Los Angeles.

15. Patrick Mahomes, Total Earnings: $54.5 million

Salary/Winnings: $32.5 million, Endorsements: $22 million

A Super Bowl champion, Patrick Mahomes has achieved more than most NFL quarterbacks in a short amount of time. With just four seasons under his belt, Mahomes has played in two Super Bowls. The three-time Pro Bowler upped his earnings after signing a ten-year, $503 million deal last summer. Mahomes also has endorsement deals with many brands including Adidas, Bose, Electronic Arts, and BioSteel.

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What Is Nate Diaz’s Net Worth?

There have been a lot of conversations about fighter pay in MMA in the past couple of years, spearheaded by fighters like Jon Jones and Jorge Masvidal at times. In the past week or two, Paulo Costa and current UFC Heavyweight Champion Francis Ngannou have commented on the difference in their purses to that of Logan Paul in his recent fight against Floyd Mayweather. When Nate Diaz was asked about Ngannou’s “what are we doing wrong?” comment, his response was, “what is he doing wrong?… I’ve been doing more right than all these motherfuckers for years and years. They should have been spitting all that ‘I need money’ shit a long time ago like I was… and what happened? The stock just raised anyway.” He’s not lying. Today, Nate Diaz boasts an estimated net worth of approximately $8 million.

Fight Earnings

But of course, it wasn’t always that way.

Diaz first debuted in the UFC on the TUF 5 Finale, fighting Manvel Gamburyan. He was given a check for just $16,000. If he had lost the fight, he would have made just $8,000 before taxes and paying coaches. A couple of fights later when he stepped into the octagon against Alvin Robinson, he had graduated to a $15k/$15k contract. He won the fight but also earned a bonus for Submission of the Night, which bagged him an extra $40k, totaling $70k for that fight.

The first time that Nate earned six figures in a fight was just over three years into his UFC career. It was at UFC 118 which was headlined by Frankie Edgar and B.J. Penn’s second scrap. The younger Diaz brother tapped Marcus Davis in round three, earning his $30k show money, $30k win bonus, and a $60k Fight of the Night bonus. Over the next few years, while he traded wins and losses, Diaz’s purses would fluctuate massively. In 2012 when he beat Jim Miller, Nate pocketed $147k but just under a year later after he was stopped by Josh Thompson, Nate made just $15k. That’s even less than his debut. This is just one of the issues that people have with the UFC’s show money/win bonus structure, it means that fighters get punished for losing in a sport where losing is far more acceptable than boxing, for example.

How Much Did Nate Diaz Make Fighting Conor McGregor?

When Nate Diaz filled in for Rafael dos Anjos against Conor McGregor, his purse for it versus up to that point were night and day. For the short notice fight against the then-Featherweight Champion and undefeated (in the UFC) Irishman, for the first time in his career, Nate made a flat fee of $500k. On top of that, his two bonuses for Fight of the Night and Performance of the Night earned him $50k each and Reebok paid him $20k. That’s $620k in total, a massive rise from his previous years with the company. That doesn’t include the PPV points that he might have gotten either. Now, with a win over the company’s biggest star, the ball was in his court.

Nate earned himself a flat fee of a whopping $2 million for the rematch five months later, easily his biggest purse to date. The FOTN bonus and his Reebok sponsorship made him $70k on top, and with PPV points included, he undoubtedly made an extra few million too. Nate’s total career earnings from his UFC fight purses add up to nearly $5 million.

Endorsements & Ventures

In terms of endorsements, Nate Diaz has been with some brands that are close to him. He’s had deals with Represent Ltd and Lodi Vintners. There’s also Game Up Nutrition, which is a CBD brand founded by Nate and his older brother Nick. They offer organic hemp-based products which match up with the disciplined lifestyle they both live.

Next Fight

Nate’s next fight takes place this Saturday at UFC 263, live from the Gila River Arena in Glendale, AZ. He fights Leon Edwards at 170lbs, by all accounts a very tough fight for him. There’s no word yet on what his purse could be, but in terms of the matchup, Edwards is on a big win streak and is one win away from challenging the dominant champion, Kamaru Usman. Nate is coming off of the loss to Jorge Masvidal in late 2019.

Interestingly, this fight is already historic long before it takes place. It’s the first UFC fight ever that is scheduled for 5 rounds despite not being the main event or a title fight. Some would argue that this suits Diaz and the way he weaponizes his cardio, but perhaps it only gives the Birmingham fighter more time to impose his own will. Only time will tell.

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What is a Stablecoin?

Cryptocurrencies are a powerful financial tool, known for their privacy, digital utility and instant processing. But they are also notoriously volatile. Stablecoins solve that problem.

Would you want to carry $20 in your wallet if it went from $17 to $25 to $18 throughout the day? When you bring $20 to a night out bowling, you are prepared to spend it. When you look to make a purchase, there is a clear expectation of how much your cash is worth before you buy anything. In the world of crypto, the market needs a currency that can offer that same stability. Stablecoins accomplish that by tying themselves to fiat currencies and other stable assets.

The main advantage of fiat currencies is their price stability, so by tying a digital coin to fiat, you can get the advantages of both crypto and fiat currency. Stablecoins can also be tied to less volatile commodities like gold.

Different types of stablecoins:

Stablecoins can be collateralized (backed) by the fiat currency they are pegged to, or they can be tied to the fiat through algorithms that buy and sell the asset to match the price. They can also be pegged to other crypto currencies that are considered stable.

Fiat-backed Stablecoins

Fiat-collateralized stablecoins maintain a cash reserve of a fiat, like the US dollar, to issue their volume of coins. Example: If I have $500 million in USD, and I issue 500,000,000 coins using my coin’s algorithm, each coin is worth $1. That coin will always be consistent with the value of US dollars because it is backed by the cash reserve.

Tether is the most popular stablecoin on the market. It is also the third largest cryptocurrency by market cap, sitting at $63 billion. Tether offers different coins tied to popular fiat currencies like USD, EUR, and CNH. Tether also has a coin tied to gold.

Crypto-backed Stablecoins

Crypto-backed stablecoins are tied to fiat currencies, but backed by other cryptocurrencies rather than the fiat they are linking their prices to. These coins accomplish this by offering a higher number of coins for a lower number of stablecoins to account for volatility. They are frequently monitored and audited to ensure stability. MakerDao’s DAI is backed by ethereum, but its price is tied to the US dollar.

Example: if I have $10,000 worth of ether, I will allocate $5,000 worth of stablecoin. That way, ether could swing up and down as high as 50%, and I will still retain the value of the stablecoin.

Algo-backed Stablecoins

These coins are not collateralized by cash or crypto reserves. Rather, they are backed by algorithms that are constantly buying and selling the chosen currency to maintain a stable value. It will increase or decrease the supply of tokens to meet that expectation.

Stablecoins as a financial tool

How can you use stablecoins to boost your finance game? If you are anticipating a market dip (like the one we saw last month), you can reallocate your portfolio into a stablecoin like Tether. Then, wait to strategically jump back into the market.

Alternatively, if you need to make a quick purchase, you can take a piece out of your portfolio and convert it to stablecoin. Converting your crypto to traditional fiat can be expensive (lots of fees), so it may be easier to keep your currency digital and find a company that accepts stablecoins as a form of currency.

This is not a widely adopted practice yet, but e-commerce has a massive opportunity to adopt this. Using blockchain tech, merchants and consumers alike can find lower transaction fees with higher efficiency.

How Stablecoins help e-commerce

In late May, the Fed announced plans to research its own Central Bank Digital Currency (CBDC). It’s a press release that was really in the works for a while. I learned about US CBDCs for a client in 2019, and I still think there were talks of it before that.

Regardless, the prospects of a US-backed CBDC means a potential transformation for e-commerce. It would significantly reduce the need to convert digital money to paper money as online shopping and contactless transactions become more commonplace.

Stablecoin projects like Terra allow users to access lower fees, instant settlements, and seamless cross-border exchanges that compete with credit cards and banks. The coolest part about projects like Terra? Their coins are easy to spend, and with time, anyone can use them. It won’t require savvy users to operate. It would be as simple as buying a credit card or downloading an app.

We may see a future where many altcoins become stable assets. Bitcoin, on the other hand, is deflationary by design (there is a limited supply) and it would be very difficult to see long-term stability.

Yet, there’s really no need for popular altcoins to reach a point of price stability when stable alternatives exist. Stablecoins are (and will be) an important piece in the crypto puzzle.  

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Binance vs. Coinbase: Which Platform is Better?

Let’s compare Binance and Coinbase side-by-side. Binance and Coinbase are two of the largest cryptocurrency exchanges in the world. Many wonder how the two platforms chalk up head-to-head. If you are looking to deep-dive into a crypto exchange platform, you most likely stumbled across these names along your research journey.

One company spawned in the tech-enthused towers of Shanghai, while the other emerged in the VC-ridden hills of Silicon Valley. Despite being two of the three largest crypto exchanges (Huobi Global is the other), Binance and Coinbase have two very different platforms built for different users.

Like many crypto-related products, Binance and Coinbase offer access to different coins and/or platform features based on user location. Some countries take a harder stance on retail trading for cryptocurrencies, whereas other countries completely embrace it.

That makes it difficult for exchange platforms to determine universal rules for all users. Sometimes, it runs them into legal trouble. It’s important to understand your local laws and regulations to determine whether Binance or Coinbase, or any other crypto exchange platform, is the best option for building out your portfolio.

Now we’ll take a closer look at the platform features, currencies offered, and the pros/cons of both Binance and Coinbase. Last, we’ll compare the ease of use and security for each platform. By the end of the article, we hope you will be able to 1) know what to expect from a coin exchange 2) understand what type of coin exchange fits your needs.

Coinbase Overview

Let’s look at Coinbase, the largest cryptocurrency exchange platform in North America by trading volume. The American company was founded in 2012 by Brian Armstrong, a former Airbnb engineer. Since its launch, Coinbase has grown from an obscure San Fran startup to a $86bn+ publicly traded company. The exchange platform now boasts over 43 million verified users and is the third-largest cryptocurrency exchange in the world behind Binance and Huobi.

Coinbase platform features

Coinbase operates in over 100 countries as both a mobile app and web platform on iOS and Android, Windows, Mac, and Linux. Coinbase allows you to buy, sell, exchange, send and receive its approximate 50 available cryptocurrencies. They also allow you to check prices and chart data for many other coins.

The remote-first company also offers Coinbase Pro with no upfront cost. It permits users to access premium features like lower fees, real-time charting tools and higher-level trading. So why don’t they charge you extra? It really depends on how much you trade. Coinbase Pro uses a maker-taker business model, where orders that provide liquidity (maker orders) are charged different fees than orders that take liquidity (taker orders).

Put simply, Coinbase makes its money off trader fees.

Coinbase currencies offered:

Coinbase offers about 50 cryptocurrencies to send, receive, and/or trade (what you can do depends on the coin). When you think about the more well-known coins like BTC, ETC and LTC, you can assume it’s on Coinbase. Other popular coins like DASH were added in 2019 as part of its growing portfolio of supported currencies.

The list is certainly not exhaustive, but it covers all the bases for a beginner-intermediate-level trader who does not want to dive too deep into the volatile world of altcoins.

Coinbase Pros:
  • Coinbase is an easy solution for users looking to purchase Bitcoin. In crypto, there is a slight barrier to entry for users with US bank accounts (regulations are slowly evolving). Coinbase makes it easy to link your bank account, buy crypto, convert your crypto to fiat and send it back to your bank account. It sounds simple, but the more you immerse yourself in the world of blockchain, the more you’ll appreciate a product that can efficiently accomplish that.
  • Coinbase is also a large player in the space, so you can trust their customer support and infrastructure. They will not respond immediately (none of them do), but their system as a publicly-traded company is robust enough to warrant some accountability.
  • Coinbase is highly liquid, making it a safe choice for investors in a volatile market. You can confidently expect Coinbase to retain your funds.
Coinbase Cons:
  • Unless you are a Coinbase Pro member, exchange fees are high. Coinbase charges 0.50% per trade, which is higher than most of its competitors.
  • Like most centralized exchanges, Coinbase controls user wallet keys. That means you technically don’t own your cryptocurrency, you own a digital asset that Coinbase is holding on your behalf. This is seen as a bad thing because it creates a higher security risk and goes against the original intention of decentralized currency.
  • Limited coin selection. Compared to other exchange platforms, Coinbase does not offer a large variety of altcoins for users. This is partly due to restrictions enforced by US regulators, but Coinbase is still adding more coins to its platform.
  • Customer service is slow. One of Coinbase’s advantages is its institutional-like infrastructure. That includes a deep customer service team. So you can trust them, but for whatever reason, they are still painfully slow. When you run into an issue that needs troubleshooting, expect to wait a few weeks to resolve it. Keep in mind: the industry standard for customer service in crypto is notoriously awful. Coinbase is no exception.

Coinbase is far from perfect. But for US users, it is a clear frontrunner. No other platform in North America can match their security, reliability, accessibility, and ease of use. The high exchange fees are not ideal, but that’s the price you pay for a low barrier to entry. More technical users can seek alternatives, but your everyday trader should be willing to pay a premium for a streamlined crypto exchange service.

If you haven’t already, you can sign up for a Coinbase account here.

Binance Overview

Coinbase is the largest cryptocurrency exchange in North America: impressive. Binance is the largest cryptocurrency exchange in the world.

Binance was founded in 2017 by developer and fintech entrepreneur Changpeng Zhao. The company was originally based in Shanghai, China, but moved its headquarters to Japan and then the Cayman Islands amid mounting pressure on cryptocurrencies from government authorities.

As a behemoth in the Bitcoin world, Binance has gotten a lot of press… both good and bad. They have also been targeted by regulators on numerous occasions. In May 2021, it was reported that the IRS and US Department of Justice investigated Binance for tax violations and financial crime.

Because of this strained relationship with US regulators, users based in US locations cannot access Binance services. Instead, US-based users must use their sister company binance.us, a more limited version of their flagship product.

Before you count off Binance for ethical concerns, it is important to put Binance’s journey into context. They are a major competitor in a fast-growing, previously unregulated market aimed at disrupting institutions and decentralizing financial systems. You are going to hit a few bumps along the way. And it is hard to find any multi-billion dollar company in the cryptocurrency space with a perfect track record. Plus, these clicky headlines have little impact on the actual user experience of Binance, which is quite popular.

So let’s take a closer look at Binance’s platform features, currencies offered, and the pros/cons of using Binance. Then, we’ll compare Binances’ ease of use, security, and product offers directly to Coinbase.

Binance Platform features:

Binance operates similar to Coinbase, as a mobile app and web-based platform. Users can trade over 500 cryptocurrencies and altcoins, plus access to high-level trading tools like limit orders, market orders, and margin trading.

Binance Currencies offered:

Binance offers over 500 cryptocurrencies. So too many to list here. But it is important to note how there are a few key cryptocurrencies not available on Coinbase that Binance offers like Harmony; Coinbase only recently added Dogecoin.

Binance Pros:
  • Binance offers some of the lowest fees in the industry. Users pay 0.02% to 0.10% purchase and trading fees compared to Coinbase’s 0.5%.
  • Binance has a plethora of options for both beginner and advanced traders looking to make different types of transactions.
  • Binance allows transactions for many different coins compared to other major competitors.
Binance Cons:
  • US customers cannot use Binance; they have to use binance.us, a significantly more limited product
  • Although Binance’s platform is useful for all skill levels, it can also be quite complicated to navigate because there are so many options. The UI is not as intuitive as Coinbase.
  • Binance has no built-in digital wallet.

If you do not reside in the US, you can sign-up for Binance here.

Binance vs. Coinbase: Ease of Use

Coinbase is the easier option for beginner retail traders. Think of Coinbase as the Robinhood of stock trading, and Binance as the Fidelity or Charles Schwab. For a low-volume trader in the US looking for quick, convenient crypto trading options, Coinbase is the clear choice. Binance is also somewhat easy to use for beginners, it’s UI is just geared more toward users already well-versed in the crypto space.

Neither company is beloved for its customer service. However, Binance is a bit more responsive (IMO) due to their live chat features and social media team. Good luck getting Coinbase to respond to a ticket.

Binance vs. Coinbase: Security

Both exchanges are considered safe, but Coinbase is generally considered a more reputable company. As we mentioned early, Binance had a falling out with US regulators due to accusations of tax fraud and money laundering. German regulators also warned Binance for failing to publish an investor prospectus.

Coinbase is no darling child for security features, but they do a good job complying with regulators. You can feel secure putting your money in Coinbase, but I highly recommend setting up 2FA or other security measures to keep your account safe.

Most hacking occurs at the user level, with scammers setting up spoof emails and texts pretending to be the company. Although they are centralized exchanges, both Binance and Coinbase use cold storage to keep your data from hackers. 2% of Coinbase’s funds are kept in hot storage (making it more vulnerable), but Coinbase will insure your loss of funds if a security breach occurs at the company’s side.

Binance vs. Coinbase: Currencies Offered

Like we mentioned above, Binance offers over 500 cryptocurrencies compared to Coinbase’s 47, making it a difficult comparison. The main reason Coinbase has fewer currencies is because US regulators have taken a harsher stance on certain altcoins. Binance has made the decision to not remain US compliant and instead ban US users. It is possible for US-based users to operate under a VPN and still use Binance services, however.

Should I try Binance or Coinbase?

So, is Binance or Coinbase right for me?

If you live outside the United States, I’d recommend using Binance. The fees are lower, they offer more coins, and it’s worth the extra learning curve in the long-term if you are serious about building a crypto portfolio. Once you learn how to get your way around Binance’s platform, it will be much more beneficial to use.

You can’t beat their supported coins list, and with such a large infrastructure, you can feel confident about the security of your funds. As mentioned, most hacks/security breaches occur on the user-side, not the company-side.

For US users, Coinbase is the industry-standard. Anyone with a smartphone and a bank account can buy and sell Bitcoin in seconds. That’s a powerful form of technology that propelled Coinbase to its near $100 billion valuation.

Sure, the prices are high, but unless you want to spend hours reading and researching the best way to retain full control over your crypto, just use the app and pay your fees. You can’t underestimate the value of saving time.

For more serious US-based crypto traders, there are certainly other options to consider, and I’d recommend exploring them. At the most basic level, use Coinbase to buy your crypto and then send it to a cold-wallet or MetaMask. You don’t have to use one service for all your crypto needs.

Happy trading!

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7 of the Best Altcoins Other than Dogecoin to Consider in 2021

Let’s take a closer look at the impressive tech behind some of the world’s fastest growing altcoins. IMHO, these altcoins have better tech than dogecoin, and still have a lot of room to grow. Dogecoin’s stealing headlines, but there are tons of amazing projects going on in the crypto space right now with money to be made.


Back in March, I wrote about 10 altcoins to look out for 2021. Since writing that, I think most of the coins have popped by 100% or more. Here’s a few more medium-to-low cap projects worth mentioning.

Note: This article is not intended to be formal financial advice. Always do your own research before investing. Also, current prices reflect the price at time of writing, they may have fluctuated by the time you are reading this article.

1. Stellar (XLM)

Current price: $0.65

52 week range: $.069837-$0.875563 (↑380.67% YTD)

Market cap: $14.07B

Stellar is only a few years old but already lands near the top of the list. This coin is pretty similar to Ripple (it was created by Ripple’s co-founder) and has a similar goal of creating a decentralized protocol for digital to fiat transfers internationally.

Stellar effectively connects financial institutions through its blockchain and provides cheap alternatives to foreign exchange platforms. Its native cryptocurrency Lumen has grown over 380% this year. Even with a market cap of $14 billion, Stellar has solid legs and a lot of room to grow over the next few years.

2. Decentraland (MANA)

Current price: $1.12

52 week range: $0.03514-$1.63

Market cap: $1.9B

Decentraland is at the forefront of web 3.0 and digital ownership. Their platform enables users to experience virtual reality through the Ethereum network. You can use MANA to purchase avatars, wearables, names, etc on the Decentraland marketplace. It is one of two tokens offered in the virtual world. The other token, LAND, is non-fungible. MANA must be burned to acquire LAND. This cutting-edge tech is still in its early days, and has already outlived the NFT hype earlier this year.

3. Solana

Current price: $52.04

52 week range: $0.518-$49.90

Market cap: $11.4B

Solana is a Swiss project that launched in March 2020. Solana incorporates a hybrid consensus model with a combination of proof-of-work and proof-of-history. With Elon Musk’s recent tweet about the climate impact of Bitcoin, investors will flock to more efficient coins and tokens.

Proof-of-work is notoriously energy-inducive for miners, so enabling this hybrid model is a clear win for sustainability goals in crypto. While it’s already exploded with 1000+% growth, look for Solana to stay strong this year.

4. Origin Trail (TRAC)

Current price: $0.5123

52 week range: $0.0184-$0.904

Market cap: $185M

Origin Trail (TRAC) is a low-cap coin based on the Ethereum network. It was founded in 2011 and sat around the one cent mark for years before exploding to 90 cents in March. While it’s certainly come back to Earth, TRAC has serious real-world use. OriginTrail helps enterprises streamline their supply chain and logistics, making it easier to track items and protect data.

5. Harmony (ONE)

Current price: $0.1614

52 week range: $0.002783-$0.2233

Market cap: $1.01B

Founded in 2017 by a UPenn PHD, Harmony aims to facilitate the use and development of decentralized apps (dApps). The company was able to successfully reduce node validation times by rolling out a sharding process. ONE coins are also built on the proof-of-stake model, improving scalability and processing time.

6. Digibyte

Current price: $0.09959

52 week range: $0.01328-$0.1825

Market cap: $1.6B

Digibyte was one of those “Dogecoin before Dogecoin”. While it wasn’t based on a meme, Digibyte exploded from under a penny to as high as ten cents a coin in early 2018.

About the tech: Digibyte is a fork from Bitcoin, with the intention of creating enhanced security, capacity and speed for users. Their original founder Jared Tate built Digibyte in 2014 and was an early advocate of Bitcoin.

7. Zcash

Current price: $242.50

52 week range: $41.59-$370.14

Market cap: $3.51B

Zcash has an interesting story. This privacy coin made its mark in 2016 based on Bitcoin’s codebase with an initial price around $1600. It dropped heavily after launch to around $35, and after a brief stint around $880, it didn’t make another recovery until this year.

Former Coinbase CTO Balaji Srinivasan was once asked why he got into Bitcoin before the hype. He explained how very few assets could rebound after a massive drop. After Bitcoin’s first battle-test, he immediately bought in. I feel similarly about Zcash. It was able to withstand two major drops. Plus, there will always be users that crave anonymity in place of pseudonymous coins like ETH and BTC.

Final Thoughts

Not only do these trending altcoins have strong growth trajectories, but they also have more stable tech than Dogecoin. I’d be the first to admit the power of big names backing a coin, so I don’t think Dogecoin is going anywhere. But if you are part of the late majority on DOGE, there may be other more suitable bets to make.

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How To Buy Ethereum, A Beginner’s Guide

When the pandemic hit around a year ago and people found themselves at home with nothing to do, one of the first things on people’s minds was investing. After crashing due to the uncertainty of the pandemic, the stock market began booming with the amount of money people were throwing in and stocks like Tesla made it feel like you were printing money. Bull runs galore.

Towards the end of last year, the surge of the price of Bitcoin got a lot of people interesting in investing in it along with other cryptocurrencies. Unfortunately, that process isn’t as simple as putting some money in an app and buying some coins. There are security measures that need to be taken, like owning a wallet, and many coins cannot be purchased with a fiat currency, i.e., your dollar.

That’s where Ethereum comes in.

What is Ethereum?

Ethereum is essentially a platform for decentralised applications. This means that it gives you the opportunity to run your application on servers around the world as opposed to a server from Amazon or Google. In the world of crypto, Ethereum is considered by many to be as good of a buy as Bitcoin, if not even better.

How Is Ethereum Different To Bitcoin?

Ether, or ETH for short, is the currency of the Ethereum network. It’s similar to Bitcoin in many ways, some of those being that they’re both decentralised, digital currencies on a blockchain. However, the differences are key. Bitcoin, a coin created in 2009, was created to be an alternative to fiat (i.e. government issued) money like the dollar, pound sterling or the euro. Ethereum, a token established in 2015, was made to be a platform for any digital contract to be both permanent and decentralised. What Bitcoin attempts to do for money, Ethereum attempts to do for contracts.

Though you’ll hear them mentioned together a lot, Bitcoin and Ethereum aren’t so much in competition with one another as they complement each other.

Choosing a Platform for Trading:

For simplicity’s sake, this article will walk you through how to buy Ethereum using Coinbase. However, there are a few platforms on the market available for buying/trading ETH, so let’s go over a couple of them before we dive into the process. Some of the most respected platforms in the game right now are Coinbase, Binance, Kraken, Gemini and Bisq.

Coinbase’s interface is simple and easy to navigate, making it the most accessible and best choice for beginners in the space. However, it has higher fees than some of the other exchanges due to its convenience.

Binance is a good option for more advanced traders, as it offers lower fees but is a bit less simplistic, so it’s a good option for people looking to buy multiple alt coins, not just ETH. Depending who you ask, some people consider Binance the best overall exchange.

Kraken has really amazing customer service, so it’s a good option if you’ll need some assistance in getting started. They also provide super fast bank withdrawals.

Gemini is one of the only insured wallets available right now, which means that you’ll be covered in the case of a security breach or other unforeseen disaster. You can also earn interest on your crypto. This is a good option for the security-conscious investor.

Bisq is the best decentralized option, so its servers are spread around the world, making it more resistant to security breaches than some of the centralized platforms. However, you can only initiate purchases through wire transfer, not with a credit card, so it’s a little less accessible.

With that in mind, let’s dive into how to buy some ETH!

How To Buy Ethereum
Finance Magnates

If you’d like to take the plunge and purchase some ETH, there are a few ways you can go about doing it. With the instructions we’ll take you through today, we’ll go with the combination of the best, cheapest, and most safe route.

Step 1: Download Brave
Brave

If you want to go ahead and purchase ETH and access your digital wallet on a browser like Safari or Chrome, you’re more than welcome to and aren’t likely to run into any problems. But if you want to take every precaution possible, we recommend downloading Brave, a fast, private, and secure browser.

Step 2: Create an account on an exchange
Coinbase

One of the most daunting steps of purchasing any coin or token is choosing which exchange you do it on. Each one has its own set of vast pros and cons, and that makes making a choice that much harder. As noted above, there are lots of options on the market, like Kraken and Gemini (I personally like ActiveTrader), but for this guide and the purpose of simplicity, we’ll use Coinbase. It’s the most popular option and a great entry point.

Creating an account can seem like a longwinded process. You’ll have to take a picture of some ID, wait for it to get approved, and then wait for your funds to be transferred over from your bank account. This can take anything from a few minutes to a few hours, but it’s worth waiting for.

Step 3: Install a digital wallet
Metamask

Unlike purchasing a share of a company on a brokerage, any coins or tokens you purchase will have to be stored in a wallet, and ETH is no different. There are two kinds, hardware wallets, and digital wallets. The former is a physical wallet that you can keep and the latter, as the name implies, remains online.

We recommend MetaMask because as well as being a secure and reliable option when it comes to digital wallets, it’s also completely free.

The most important thing to emphasize here is that you take your seed phrase seriously, which means store it somewhere safe. A seed phrase is a string of 12 random words that act as your skeleton key for your wallet. If someone has access to your phrase, they have access to your ETH.

Step 4: Purchase ETH and send it to your wallet
Coinbase

Now that everything is set up and in order, it’s time to actually go through and purchase ETH. Don’t stress the amount too much. Even though, at the time of writing, one Ethereum token is roughly $3,287.49 (at the time of writing), you can put in as much or as little money as you like.

Last but not least, after making your purchase, you’ll need to send your ETH to your MetaMask. When you click the MetaMask extension in your browser of choice, you’ll see that underneath where it says Account 1, there are a series of numbers and letters that you have the option of when you hover your cursor over copying to your clipboard. Go ahead and do that and under Send on Coinbase, paste it in the Address section. Once you go through with that, you should see your ETH appear in your wallet in no more than a few minutes.

Step 5: Hold

Congratulations, you just purchased Ethereum. From here you can either hold or use it to purchase an altcoin that you couldn’t buy with USD.

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What Is Kendrick Lamar’s Net Worth?

We’re now nearing a decade from the point at which Kendrick Lamar captured our hearts with a classic album called Section. 80. Even though those of us that heard that album back in 2011 could have told you that he was destined for big things, none of us, perhaps not even Kendrick himself, could have truly predicted the lane that he has carved out for himself. He’s on arguably the best album streak that Hip-Hop has ever seen, and while doing it, he’s accumulated an estimated net worth of approximately $75 million. How did he do it?

Touring

It’s been no secret that touring is the biggest source of income for any of your favorite musical acts, which is one of the main reasons why the COVID-19 pandemic has been so damaging to the music industry. Kendrick toured after the aforementioned Section. 80 independent release, but his first world tour came after his major-label debut, good kid, m.A.A.d city.

From late 2012 to late 2013, the period in which he released that album and toured it, Forbes has stated that Lamar earned about $9 million. They estimate that just under half of that came from touring. It’s nothing to turn your nose up at, but it’s pocket change compared to what he would earn in the coming years.

After that tour was done, Kendrick joined Kanye West for select dates on The Yeezus Tour. There’s no word on what he was paid for his short set on those occasions, but box office numbers do tell us that Ye grossed close to $3 million for some of the shows that the pair did together. It’s fair to guess that Lamar earned 6 figures for his performances each night, but perhaps more importantly, it showed millions of people in America that he was worth coming out to see on the road, helping him in the long run.

Kendrick only performed To Pimp A Butterfly at a handful of shows after its release and they were aptly named the Kunta Groove Sessions Tour. No numbers are available for this, but Lamar’s star power was rising and he was able to perform at a bunch of festivals. Forbes estimates that in 2015, he earned a handsome $12 million in total.

With his next album DAMN., Lamar really set himself apart from the pack. Of course, that album was once again heralded a classic and ended up winning a Pulitzer, a prize that hadn’t been (and since then, hasn’t been) awarded to a Hip-Hop artist. That’s only a reflection of its quality, as was the tour and its commercial success. The DAMN. Tour was 4 legs and across its astonishing 52 shows, Kendrick grossed a whopping $62.7 million. When he rapped “top billing, that’s a million a show” on untitled 02, he wasn’t lying.

Last but not least, on the TDE Championship Tour in 2018, he was naturally the headlining act and the massive numbers continued. For the period in which he toured with his labelmates, Forbes estimate Lamar’s 2018 earnings at $58 million. However, that includes a new publishing deal and some lucrative endorsements.

Endorsements

Over the span of his career, Kendrick boasts some of the better endorsements any entertainer can ever hope to have. He credits Dr. Dre, Jay-Z, and Diddy as inspirations of his for the business side of things, and he’s certainly following suit. The rapper has appeared in an American Express commercial, has his own trainers with Reebok, and arguably the biggest of them all, has released multiple shoes and other merchandise with Nike.

We don’t have any specific information on those deals, but they’re undoubtedly worth multiple millions for Lamar. His Nike deal alone has seen him release multiple versions of their classic Cortez shoe along with his own design of their React Element 55s. Everything he has ever put out with the brand has sold out very, very quickly, and to get most of it now, you’ll have to pay a resell fee.

Real estate

In May of 2014, news surfaced online that Kendrick Lamar had purchased a house. It was more modest than people expected, costing around $524k. People attributed it to his humility, but when asked about it, Kendrick revealed people were wrong about the details. “It’s not my spot. I really like to buy property” he said. “Whether it’s apartments, buildings, houses… I like to invest my money in different things.” Of course, no word on his exact investment portfolio, but we can only imagine how much money Lamar has earned from the market in the 7 years that he’s been invested in it.

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What Is Conor McGregor’s Net Worth?

When people joke that one of the letters in UFC stands for your first name, it’s clear that you’re an incredibly big deal. Since the first time he stepped into the octagon in April of 2013, he has surpassed names like Brock Lesnar, Ronda Rousey, and Jon Jones to become the biggest name in mixed martial arts, by a long shot. His pockets reflect it too. Up until recently, Conor McGregor boasted a net worth of approximately $120 million.

However, on April 27th, McGregor sold his majority stake in Proper No. Twelve Irish Whiskey for $600 million; his business partners, Audie Attar and Ken Austin, received part of that lump sum, so McGregor’s exact net worth increase is unknown at this time.

Depending on how much he made off the sale, McGregor’s net worth is somewhere in the $200-700 million range as of late April.

Big purses

Despite entering the UFC with a legion of dedicated fans already, Conor McGregor first fought on the Facebook prelims on a UFC on Fuel TV event. He and his opponent Marcus Brimmage were set to make the same amount of money that night, $8k to show and $8k to win. Conor McGregor made quick work of Brimmage, though, earning him a $60k Knockout of the Night bonus and taking his pay up to $76k. It’s not the kind of money that retires you, but it is the kind that means you don’t have to be on social warfare, which is what Conor was collecting up until the week before the fight.

Conor’s contract money increased incrementally in his next couple of fights until he fought Dustin Poirier the first time around. For that fight, he made a total of $200k, split up into $75k show money, $75k win money, and a $50k bonus. Skipping forward slightly to fight Chad Mendes for an interim world title and to fight José Aldo to unify the belts, Conor made close to $600k both times.

His first million-dollar purse came when he moved up to Welterweight for the first Nate Diaz fight. He was guaranteed $1 million on the night. For his next four fights against Diaz, Eddie Alvarez, Khabib, and Cowboy, Conor was guaranteed a staggering $3 million. For his most recent rematch against Dustin Poirier, the Irishman made his biggest guaranteed money in MMA to date, at $5 million. Of course, none of these include the millions he certainly made off of his share of the pay-per-views.

MMA aside, we all know that Conor’s biggest fight purse came from his one and only professional boxing match. Not including sponsorships and PPV points, Conor was guaranteed $30 million for that night’s work against Floyd Mayweather. It’s 30x more than most fighters even dream about making.

Proper 12

In 2018, Conor McGregor entered the alcohol business and founded Irish whiskey distiller Proper No. 12. It was a big talking point in the lead-up to his fight with Nurmagomedov because he was drinking it at the infamous pre-fight press conference, and it was one of the advertisements on the octagon at UFC 229. Since then, it has been made available in many countries worldwide, and with Conor’s name attached to it, it has done incredibly well. In its first year, it boasted sales of more than $40 million.

Earlier this year, Becle acquired 51% of Eire Born Spirits. We found out then that it was valued at around $235 million. It was reported that off of this sale, McGregor made a little over $100 million.

As mentioned above, McGregor sold his majority stake in Proper No. Twelve Irish Whiskey for $600 million in late April, but his business partners Audie Attar and Ken Austin received part of that lump sum. Depending on how much he made off the sale, McGregor’s net worth increased by somewhere between $100 and 600 million based off of this news. He will remain involved with the whiskey company as a brand ambassador.

Sponsorships

When you have the eyes on you that Conor McGregor has, it’s no secret that companies will want to attach their names to you. Forbes reported that in 2018, McGregor re-signed a deal with Reebok that was set to earn him $5 million that year. The same year, the Irish superstar signed a deal with Monster that was worth multiple millions, according to multiple reports.

Conor has also signed deals with Beats By Dre, David August, BSN, and HiSmile, amongst others. But perhaps his most famous endorsement came when he became the face of Burger King. It made him the butt of some jokes from Tony Ferguson and Khabib Nurmagomedov, but the money he made from it was likely no laughing matter.

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Some Thoughts on Bitcoin’s Recent Price Volatility

Note: This article is not intended to be formal financial advice; always do your own research before investing.

Bitcoin hit a 40-day low of $47,272 on April 25 after an impressive run to start the year. And like every dip, bears are out of hibernation again, telling us Bitcoin reached its peak. But I’m not worried about the recent price drop.

The downturn began after Turkey banned Bitcoin payments, highlighting concerns about government crackdowns on cryptocurrencies going forward. The price drop prompted realistic concerns about Bitcoin’s future outlook. But have we really reached peak levels?

Let’s take a closer look at Bitcoin’s historical data. It’ll show us why we are on the verge of another bull run.

Bitcoin trends since 2017:

Bitcoin has made about four major jumps since 2017. Obviously, there are different ways to define a “jump”. For this exercise, we are going to look at instances when Bitcoin pumped over 100% growth within a period of a few weeks.

https://www.coindesk.com/
Coindesk

In 2017, Bitcoin had a historic year. It doubled in just four weeks from April to May and then exploded in the fall, jumping from around $3,000 to a whopping $19,000/coin. We all know what happened next. Bitcoin plummeted back down to $8000, then landed and stabilized around the $6,000 mark for most of 2018.

The next major push came in the summer of 2019, when prices quadrupled in a matter of weeks. After reaching a peak of $12,000 in that bull run, prices fell as low as $7000. This was about the price of Bitcoin when the COVID-19 pandemic began.

Through the first four months of the pandemic, Bitcoin rose around 100% as governments around the world printed trillions of fiat dollars to keep up with a flattened global economy. 22% of USD in circulation was printed in 2020 alone. Most notably, Bitcoin redefined itself in 2020 as more than just a tool for financial crime. Suddenly, it became a legitimate, viable world currency after years of criticism.

Bitcoin’s latest push came faster than ever before. After a quiet few months, Bitcoin grew from $11,000 to $40,000 from the end of 2020 into 2021. Prices dropped to $30,000, before quickly doubling to $60,000. If we are playing charts, we may be at the back-end of another drop period… with a bull run on the horizon.

The difference between 2021 and 2018 Bitcoin:
Jared Wolf / imgflip

Based on historical data, Bitcoin took about 12-18 months to reach its next macro-level bull run after hitting a peak. But this is not the same Bitcoin we knew in 2018.

Over the last few months, thousands of old-world portfolio managers embraced crypto. Heck, BTC has become a ticker mainstay on CNBC. Whoever thought that would happen? But the interesting thing is, none of these people embraced Bitcoin because they wanted to, they embraced it because they had to. “Follow the money”.

Major companies like Square and Paypal use Bitcoin to store cash reserves and enhance their user experience. In March, the Dallas Mavericks (led by Mark Cuban) announced they would be the first NBA team to accept Dogecoin for tickets and merch.

TL;DR: The crypto market is nothing like it was three years ago. It’s like comparing 2008 Facebook to 2016 Facebook.

On the verge of a Bitcoin bull run:

All the indicators point to another bull run for Bitcoin. I’m not worried about this price drop. In fact, if you are one of those people who missed the boat on BTC completely but don’t want to dive into the volatile, confusing world of altcoins, this may be a good time to jump in.

There are a lot of bears in the media saying this may be the end of a historic run. But they have been saying that since 2013, and they’ve been wrong every time.

I’m not a Bitcoin maximalist, per se, but I think we are nowhere near hitting its true, long-term value. Bitcoin is now backed by powerful market forces, even if a few governments seek to halt its growth.

With a finite supply available, Bitcoin has serious appreciating value as a cash reserve for businesses. Digital payments are more frequent, transactions are getting faster and more reliable, and the prospect of exchanging crypto in everyday purchases will become more and more normalized.

Put simply, Bitcoin is still undervalued. It’s hard to say that, especially when it’s jumped over 500% in a matter of months. Still, as more legacy brands look to adopt crypto into their business models, Bitcoin, millions of which are lost forever, has some room left to grow.