What is a Bitcoin Cryptocurrency

Published: March 11, 2021, 1:25 p.m.

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Bitcoins have been talked about a lot in the news and online. Some people are scared about it and some people are excited about it. One of my friends called it in nice terms a very risky investment. Myself I could see it being a mainstream currency. I actually invested in a Credit Card company that deals with Bitcoins. My boys are more open to Digital Currency than the guys I golf with.

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An example of Bitcoins becoming more stream line is a good article by Steve Kovach from CNBC back on 2/8/21. He wrote \\u201cTesla also said it will start accepting payments in bitcoin in exchange for its products \\u201csubject to applicable laws and initially on a limited basis.\\u201d That would make Tesla the first major automaker to do so. The $1.5 billion worth of bitcoin will give Tesla liquidity in the cryptocurrency once it starts accepting it for payments.

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Tesla\\u2019s move into bitcoin represents an investment of a significant percentage of its cash in the investment. The company had more than $19 billion in cash and cash equivalents on hand at the end of 2020, according to its most recent filing.\\u201d Link to the full article is located in the show notes of my podcast and below.

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My wife doesn\\u2019t seem very excited about Bitcoins or any other form of Digital Currency. So, I am trying to learn more and more about the subject so we can decide how much we want to Invest into it. Plus, we want to be more informed on Digital Currency to help educate our boys about them so they can make informed Investing decisions in the future.

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The money we have in Digital Currency so far is money we earned from watching some short videos and took a quiz afterwards. So, we have house money so far invested in Digital Currency. The Bitcoins I had years ago was not with Coinbase and I can\\u2019t yet find the passcodes to get them. It is probably a pipe dream that I will ever find the passcodes. If I do then we are going on a long vacation. LOL

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Other than Politics\\u2019 very few things divide opinion across the globe as Bitcoin does. That\\u2019s mainly because only a small percentage of the population truly understands what it is. Some view it as an item that can only be utilized by the tech-savvy, while others believe it\'s used for the wrong purposes. But, in fact, Bitcoin is just a virtual currency that creates anonymity.

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As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

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Don\\u2019t give up on your dreams; don\\u2019t let others talk you out of your dreams. Make your dreams happen. Make it happen today.

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Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor Text me at 480-389-6224

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Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

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Millsway.com and Live4.Club

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Sources and Resources from Podcast (Available in Show Notes)

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1. https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

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