Investing is a lot different than it used to be, even when you look back just 20 to 30 years. The pace of change is much more rapid and learning about new opportunities and developments is crucial, even for those who have been involved in the stock market and investing for years and years. —
One of the most interesting changes in the world of investing is the advent of cryptocurrency. There are dozens of types of cryptocurrency out there, but Bitcoin is probably the most well-known and the one that gets the most attention in terms of long-term value.
Best Interest founder and writer Jesse Cramer has worked with friends of the Best Interest blog in order to develop a comprehensive guide explaining bitcoin and what it has to offer to consumers. The guide is far-reaching, exploring topics like the blockchain, Bitcoin mining, wallets, and more.
In the article, Cramer explains that “[The founder of Bitcoin, Satoshi] Nakamoto’s idea was to create a currency that could be trusted independently of government interaction and independently of personal trust. The algorithms and codes are all open-source. There’s full transparency. Anyone can observe how it works.”
One of the highlights of the guide is the focus on how money works. Not only does Cramer dive into all of the things that are involved in ensuring that money holds its value, but he also discusses why money is essential and who is in charge of it. Cramer also offers external resources about money, including his latest article on the expected average net worth by age and how that should affect a consumer’s choices of investment.
He then dives into the idea of Bitcoin and trust – and how Bitcoin has gained value (and kept it, in a number of cases) because people have trusted in it. While there are still a number of skeptics out there, the popularity of Bitcoin has continued to grow over the past 13 years. On top of that, there have been dozens of other cryptocurrencies that have sprouted from Bitcoin (some of which are as popular, if not more so).
Cramer expects to write more blogs about Bitcoin and cryptocurrency in the future. He provided a section entitled “What Questions Do You Have?” and encouraged readers to ask him whatever they’re curious about. He plans to use the questions asked there in order to explore the topic in more intricate detail.
Best Interest is a blog started by Jesse Cramer, and it focuses on providing the best information to consumers regarding investing, saving money, and a variety of other financially related tasks. Cramer also hosts The Best Interest podcast, where he talks to financial professionals about topics of importance to modern consumers. More information about Best Interest and Jesse Cramer can be found at https://bestinterest.blog/.
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