Nevada Poised to Lead Blockchain Tech Development
NNBW, Smart Money Edition, March 19, 2018
RENO, Nev. – The price of a Bitcoin on Jan. 1, 2017, hit a milestone as it passed $1,000. While those in the know projected 2017 to be a banner year for the cryptocurrency, most would be duplicitous if they said they projected an increase of 16 times to close out the year.
As Bitcoin continued its meteoric rise throughout the year, it quickly caught the attention of more than niche investors and early adopters – institutional investors, day traders, and average people from all walks of life learned how to buy and sell Bitcoin – and many have realized tremendous returns.
Bitcoin is famous for being extremely volatile, and skeptics are quick to opine that, “it’s not backed by anything like gold.”
However, what is not commonly understood is that the technology that underpins and ultimately makes transacting of Bitcoin possible – blockchain – is what holds the most long-term promise, both from an investment and an economic development perspective.
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