Figuring out where your assets will go when you die is daunting in nearly all cases. However, if you have cryptocurrency, you are facing a unique challenge. Digital assets aren’t as easy to manage upon death. This is partially because of their highly secure nature. The private keys associated with a digital wallet make it hard for heirs to gain access. Especially since there is no central authority that can provide or reset the key.
With a track record of successful investments, Warren Buffett has sealed his name in history as one of the greatest investors of all time. For this same reason, it baffles many that he is not a fan of cryptocurrencies. For many others, it confirms their views of what appears to be a delusion, staked in “invisible money.”
Bitcoin is the most recognized name in cryptocurrency. However, that doesn’t mean it is the best option for investors looking to get into the market. If you are considering putting money into cryptocurrencies, here are five alternatives to Bitcoin that are worth exploring.
In 2017, the first Bitcoin fork, Bitcoin Cash, hit the market. Since then, dozens of others appeared, creating a lot of excitement (and confusion) in the world of cryptocurrency. Many casual cryptocurrency investors are unfamiliar with Bitcoin forks as well as how the next Bitcoin fork date can impact them. If you are wondering whether profiting from the next Bitcoin fork date is possible, here’s what you need to know.
For many, mining Bitcoin is simply out of reach. The mining process requires resources and power consumption far beyond what most people can muster (or afford), meaning they missed the boat. However, with Bitcoin Gold (BTG), it isn’t too late to get in the game. Mining Bitcoin Gold is fairly easy, by comparison, as it isn’t nearly as resource intensive. But, just because it’s possible, does that mean you should start mining Bitcoin Gold now?