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Bitcoin And Ethereum 101: A New Era Of Crypto.
Posted
March 9, 2021
Views
41
Likes
2
Engagement
4.88%
March 9, 2021
41
2
4.88%
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18:10Now PlayingWelcome back to Bold TV with your host Philip Michael. Be sure to like, subscribe, and hit the notification bell for more.
We all know that Bitcoin is going crazy, but it isn’t the only player in the digital space. To help us understand more about what’s happening in the world of Fintech and Blockchain is our guest, Kenneth Goodwin, Managing Partner with Jeanensis. With over 20 years of banking experience, he’s here to tell you what you need to know.
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What is blockchain? To break it down simply, blockchain can be seen with three P’s - People, Process, and Product. The people are members of a community. The product is the bitcoin itself. The process is decentralization, which is to make moving money from A to Z as easy as possible.
To help understand it further, try and separate blockchain technology from cryptocurrency. The technology of blockchain is what drives cryptocurrency from A to Z. It’s easy, instantaneous, and doesn’t necessarily need a bank involved.
How can I buy cryptocurrency? These days, it’s incredibly easy, with Paypal, for example, offering ways to buy crypto straight away. But before you decide to purchase digital currency, be sure to do your research first. Make sure that your digital assets align with your values.
Why own crypto? Goodwin says that the last bitcoin hash will happen in 2022. And because it is a declining supply, there will be a decrease in demand, and the price will rise. And between this and the inflation of the U.S. dollar, the price of Bitcoin will increase. This will also lead to an expansion of the market for alternative tokens.
What do you think? Let us know in the comments below!
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