Ted Bauman on Why Investing in Cryptocurrencies can Cause Problems

Ted Bauman is recognized in the United States as one of the most reputed and experienced financial gurus with nearly three decades of experience in the financial sector. Ted Bauman has traveled to more than 75 countries during his career, which spans more than 25 years. Ted Bauman shifted to South Africa when he was young, where he joined Cape Town University. He went on to receive two post-graduate degrees from the Cape Town Universities in History and Economics. Ted Bauman worked as a fund manager for the non-profit sector in South Africa for many years and even had the opportunity to work for some of the biggest institutions in the world, including United Nations and the World Bank. Follow Ted Bauman on Twitter for more updates.

After moving across the planet to work for different organizations, Ted Bauman finally moved to the United States in 2008 where he worked as the director of international housing for the Habitat for Humanity. However, he left the organization in 2013 to become a full-time author and editor for Banyan Hill Publishing. Ted Bauman is currently editor and contributing author for the Bauman Letter, Alpha Stock Alert, and the Plan B Club. Ted Bauman currently stays in Atlanta along with his family and spends most of the time writing articles based on his in-depth research on economics. It helps people understand the dynamics of the financial world and make informed choices regarding their money. Ted Bauman feels that the common people in the United States need to be educated about how to organize and manage their finance as it is what would help them become financially independent and secure.

Ted Bauman also feels that cryptocurrency is not going to last for long as the transactional delay it faces for processing the payments is going to be trouble in this field. While Visa and other payment processing services process payments within a fraction of seconds, Bitcoin, and other cryptocurrencies take time to be processed. It is going to be a problem when using the cryptocurrencies in bulk across the globe. Ted Bauman says that unless a solution is found for this issue, the future of Bitcoin and other such cryptocurrencies look bleak. Also, for long the cryptocurrencies owner did not pay any tax on their earnings from cryptocurrency. But, after the price of cryptocurrency such as Bitcoin rose by almost 1000%, IRS has started to treat cryptocurrencies as assets and would have to pay taxes on their gains or losses as applicable. Check: https://medium.com/@TedBauman/is-your-portfolio-about-to-burn-to-the-ground-df79d568ff19

 

 

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