Ted Bauman Shares The Reasons Why Bitcoin Might Not Sustain for Long
“The IRS agrees with us: Current tax rules treat cryptocurrency as an asset rather than a currency.”https://t.co/ktZIokKvm7#AssetProtection #Retirement #Commodity #Money #ProfitableInvesting #WealthProtection #Commodities #NaturalResources #OptionPlays #Opportunity
— Ted Bauman Guru (@TedBaumanGuru) March 27, 2018
In the world of finance, there are many investment and financial experts, but one of the most prominent names that have been in the limelight is that of Ted Bauman. He has done post graduation in History as well as Economics from the reputed University of Cape Town and has worked for over two decades for the non-profit sector as the executive fund manager. Ted Bauman has traveled extensively during his career and has visited over 75 countries, which speaks volumes about his demand as the financial expert. Having worked with some of the top financial institutions across the globe, Ted Bauman has gained the experience and the exposure needed to be one of the top financial experts of recent times. Follow Ted Bauman on Twitter for more updates
Ted Bauman moved to the United States in late 2008 along with his family and settled in Atlanta, GA. He has also co-authored a book along with his father, Robert Bauman, who is also a congressman in the United States. Ted Bauman currently works as an editor of several financial newsletters, including The Bauman Letter, Alpha Stock Alert, and the Plan B Club. The financial expertise and experience that Ted Bauman has gathered over the years are what he tries to share with his readers through the articles he writes. It helps the readers gain the full understanding of how the financial markets work, and what they can do minimize risks with their investments and maximize gains. In one of the articles that Ted Bauman recently wrote, he talked about why people should be wary about investing in cryptocurrencies as there are many unresolved issues with the blockchain technology that needs to be corrected before it can flourish or progress further.
Ted Bauman discussed some of the major flaws that Bitcoin suffers from at the moment. If something is not done immediately, the demand for Bitcoin will decrease since people are not able to use it. Compared to visa transactions, the processing time for Bitcoin is quite low. While visa can complete about 24,000 transactions per second, for Bitcoin it is limited to 6.5. With more people investing in Bitcoin, the processing time has further decreased since the number of transactions has increased. There are different ways to do it. The first one is to decrease the number of data that the mining block processes. Thus, it is to be seen whether Bitcoin can overcome the challenges to sustain in the future. Learn more: https://medium.com/@TedBauman/is-your-portfolio-about-to-burn-to-the-ground-df79d568ff19