We may see a functional, widely accepted cryptocurrency someday, but it won’t be bitcoin.#Crypto #cryptocurrency #cryptocurrencies #bitcoin #Ethereum #investing #stocks #StockMarket #BanyanHillhttps://t.co/re4MOkoAPo
— Ted Bauman Guru (@Ted_B_Guru) January 23, 2018
As of late, Bitcoin has become one of the most widely talked about and sought after products in the investment world, and while the prospects associated with Bitcoin, and cryptocurrency as a whole seem to be on the upswing, there is one significant factor that may lead to its early demise – Bitcoin is slow. The editor of The Bauman Letter, Ted Bauman recently asked his readers to envision a time when Bitcoin has become mainstream, and it is needed to execute a quick transaction. Well, the problem is, at its current capability, a single transaction might take minutes, or even hours, while traditional credit card institutions, such as Visa, can process most transactions in an instant. If the technology for Bitcoin to catch up with traditional outlets isn’t created soon, it may not be able to compete over the long haul. Visit Ted Bauman at medium.com for more info.
As the editor of Banyan Hill Publishing’s Alpha Stock Alert, Plan B Club, as well as the Bauman Letter, Ted Bauman has had an extensive background in finance throughout the course of his 30-plus year career. While he was born and raised in the Washington metropolitan area, as a young man, he decided to emigrate to South Africa, where he would attend the University of Cape Town, garnering degrees in economics and physics. Once he graduated, Mr. Bauman decided to enter into the nonprofit sector, where he worked as an executive fund manager for nearly 30 years. In 2008, Ted Bauman returned to the United States, taking a position with Habitat for Humanity, where he worked in a directorial capacity regarding the International Housing Program. After a short stint, he joined Banyan Hill Publishing in 2013, choosing to delve into the world of writing and research on a full-time basis. As an expert on economic solutions, Ted Bauman utilizes his experiences traveling around the world, in which he visited more than 75 countries, to divvy information regarding how to safely invest your monies in different places. Mr. Bauman is a regular contributor to a number of international publications, including the Journal of Microfinance, Cape Argus, the Cape Times, and Small Enterprise Development. For the book, “Where to Stash Your Cash (Legally).” he recently collaborated with his father – former United States Congressman, Robert Bauman. Today Ted Bauman resides in Atlanta, GA, with his family, where he works mostly from his home office.