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That progress coupled with the rising value of crypto — i.e. what owners of Bitmain miners can earn — has helped the company steadily raise the price of its hardware.
If you don't know much about crypto, I'll try to break it down a bit below.
After getting into crypto I see how the stock market could be fun, but it's very slow.
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1. Crypto Is The New Paradigm.
I invest in what I call 'blue crypts,' which is a play on the words 'blue chips.' These are big cryptos I consider built for the long term.
I got into crypto after I met someone at work who was converting his earnings into Bitcoin so he could buy a car.
All I know is that when I get off the crypto train, I'm never getting back on.
I'm making a similar bet on crypto because I think the next few years are when we'll see 10-100X growth.
Once I knew that we would have support and funding behind it (Binance kindly donated $10m to start the initial pilots, and we have been offered funding from other crypto giants), I knew that this would be the way that I can help those bottom billion people, focussing on Africa as a pilot to begin.
"The crypto market Is hotter than ever and for many people Bitcoin's break through the $10,000 glass ceiling has sparked a whole new wave of not only capital but new investors as well". Charles Hayter, co-founder and CEO of digital currency platform CryptoCompare, offered similar input.
Matt Harris: I have been referred to as a Bitcoin maximalist because as it relates to crypto assets, I tend to be dramatically more bullish on Bitcoin than any of the other currencies or assets that have been developed.
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