Everyone knows about Bitcoin. It’s taken the world by storm, and it’s used regularly by millions. But is it going to stick around? Is it really a wise, long-term investment?
In this week’s bitcoin mining conversation with Nic Campesi, founder & owner of Liquihash, we discussed the importance and future outlook of Bitcoin. Click the video below to view the entire conversation.
Bitcoin was invented in 2009 and has grown dramatically since that time. Early investors exponentially grew their capital, and even recent investors have some lucrative opportunities ahead. Everyone wishes they invested in Apple in 1980, but there are similar opportunities in our time.
In this week’s conversation with Nic, he revealed that Bitcoin is not just a virtual coin or a valueless liability, but an entire network that processes financial transactions at lightning speeds, that is virtually impossible to hack, due to its advanced blockchain technologies.
In the long run, it appears that Bitcoin is still growing. It’s experienced some highs and lows (many times, in fact), yet it appears that it continues to experience higher highs with each passing cycle. Many implement the classic investing rule of, “buy low, sell high.”
Nic predicts that the future will be kind to Bitcoin, as more and more people start to utilize it for more than an investment, but a currency and even a way to make businesses more profitable, such as utilizing excess energy sources (such as hydro plants that sometimes produce too much power) to run bitcoin mines that essentially add a secondary revenue stream, derived from energy that would normally be wasted.
The future is bright for Bitcoin. It may experience some powerful sways in price, but don’t let that deceive you, it appears to only be growing momentum for the long run.
If you own an energy source that sometimes produces too much power, check out the Liquihash website to learn about strategies to utilize that excess energy to power a bitcoin mine. An additional revenue stream can always be appreciated by business leaders and investors, alike.