A lot of folks ask what I do when I’m not trading. You probably know by now that I keep up an urban farm, with okra and honey among other things. And you can probably see from the email that I love flying my plane. But my actual career of choice is in civil engineering. And I’ve been working on a really cool project lately. We’re working to expand the capacity of the local bitcoin miner facility. I took a quick video when I was out there. You can check it out here. I was about 30-40 feet back and you can hear all those fans running in the video — sounds like 1,000 quad copters running at once. We are also helping them build another football field size warehouse to put more ASIC miners in there. A lot of people may not realize that Bitcoin doesn’t just come into existence by chance. It’s actually “mined” through a series of complex mathematical calculations and a dash of luck. You can learn more in this helpful article. That’s one of the things that makes bitcoin so intriguing: It’s not a made up currency in the traditional sense, that we can just print more of whenever we want (which means it’s less and less like the U.S. Dollar these days). It’s a scarce resource that companies work hard to create more of (not all crypto is scarce, do your homework before you buy). That’s a big part of why I think Bitcoin, crypto, and crypto-related stocks like RIOT and MARA are likely to stay strong for a really long time. Especially right now, with the government spending and generating incredible amounts of money. Chances are people will be looking to alternatives to the Dollar, especially if inflation starts to rise. Bitcoin by its nature is going to stay scarce, so it will always be an interesting investment for those who are worried about inflation and overspending. Hope you found this interesting, Jeffry |
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