It’s the first question anyone has about this new and revolutionary technology – what is it, really? I could type thousands of words and try to describe it to you, but, you know, what is it that we boomers do when we want to understand technology? Simple, ask a Millennial!
Here’s the thing, you really do want to understand what Bitcoin is, because if you are looking at a pretty bleak picture when it comes to retirement, like I was, you most certainly need to understand how BTC (Bitcoin’s abbreviation) could enable you to retire, perhaps sooner and almost certainly more well off than you may expect.
So, without further ado, here is Certified Millennial Michael Aranda who will now explain just exactly what Bitcoin is and how it works. If you’re not excited about the opportunity by the end of this short video, then I’m really wondering about your pulse rate…
By the way, this video was made almost a year ago, when BTC was worth less than $1000 per coin. As of the date that I’m publishing this article, it’s now worth more than $17,500 per coin. Now, you’re probably wondering: “Have I missed the boat (again)? Is to late to start investing in Bitcoin?” Let me answer that with an emphatic “NO!” And I’m not the only one who is saying that, many analysts are predicting that BTC’s valuation will go much, much higher. We will discuss those predictions in future articles, but for now, suffice it to say that there are some very prominent people who believe that BTC has an amazing, positive, and lucrative future ahead of it.
Next up: How To Set Up Your Account With A BTC Exchange And Buy Some Bitcoin.