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Investment expert Jim Woods shares how recent federal regulations have affected the Bitcoin fervor.

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The Feds Want Your Bitcoin Profits

Investment expert Jim Woods shares how recent federal regulations have affected the Bitcoin fervor.

As the world is caught in a fervor over bitcoin and other cryptocurrencies, as well as the new blockchain technology, new investment opportunities similarly have started to pop up.

Exchange-traded funds (ETFs) with cryptocurrency and blockchain themes also have soared in popularity. This weekâ??s featured ETF, Reality Shares Nasdaq NextGen Economy ETF (BLCN), is one such fund that is gaining attention.

So, what is blockchain? Simply put, it is a record of new transactions (such as the change in the location of cryptocurrency, research data, voting records, etc.). Once a block of information is completed, it is added to the chain to create a chain of blocks known as a blockchain.

Owning cryptocurrencies essentially means owning â??private keysâ?ť to certain addresses on the blockchain. Since information stored in the blockchain is publicly available, it is comparable to a public ledger of sorts that does not rely on a single computerized server to function. The World Economic Forum predicts that 10% of global gross domestic product (GDP) will be stored on blockchain platforms by 2027.

Click here to read the rest of the article, “The Feds Want Your Bitcoin Profits.

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Written By

Jim Woods is a freelance financial journalist specializing in the markets and the economy. He champions the cause of liberty from a secured location deep inside the Golden State.

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archive

The Feds Want Your Bitcoin Profits

As the world is caught in a fervor over bitcoin and other cryptocurrencies, as well as the new blockchain technology, new investment opportunities similarly have started to pop up.

Exchange-traded funds (ETFs) with cryptocurrency and blockchain themes also have soared in popularity. This week’s featured ETF, Reality Shares Nasdaq NextGen Economy ETF (BLCN), is one such fund that is gaining attention.

So, what is blockchain? Simply put, it is a record of new transactions (such as the change in the location of cryptocurrency, research data, voting records, etc.). Once a block of information is completed, it is added to the chain to create a chain of blocks known as a blockchain.

Owning cryptocurrencies essentially means owning “private keys” to certain addresses on the blockchain. Since information stored in the blockchain is publicly available, it is comparable to a public ledger of sorts that does not rely on a single computerized server to function. The World Economic Forum predicts that 10% of global gross domestic product (GDP) will be stored on blockchain platforms by 2027.

Click here to read the rest of the article, “The Feds Want Your Bitcoin Profits.

Newsletter Signup.

Sign up to the Human Events newsletter

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U.S. POLITICS

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