Invest in Bitcoin? How About the Technology Mining it?
Hello and welcome back to Investing After Hours — our Wealth Daily podcast dedicated to helping everyday investors navigate major investing trends. Our team of experts has specialized knowledge in a variety of investing methods.
And we broadcast this knowledge from our office above the Baltimore harbor.
I am your host Alexandra Perry, the research director at Wealth Daily.
Welcome to Episode 12: The Picks and Shovels of Bitcoin
It's not an exaggeration — Bitcoin has become the investment of the century.
Perhaps you've heard the famous statistic: A $100 Bitcoin investment in 2010 would now be worth $75 million today.
That's enough to make any sane investor drool.
But there's one downside to Bitcoin: It exists in a market ruled by volatility.
And despite seven-digit gains, some people consider the market to be too risky.
But what if there were a way for you to invest in Bitcoin without the volatility?
You can. You just need to find the pick-and-shovel technologies that are fueling the Bitcoin boom.
The picture above is a Bitcoin mining board. It's equipped with technology that we consider the "picks and shovels" behind Bitcoin. Without these crucial technologies, Bitcoin wouldn't exist.
Traditionally, investors who chose to invest in the "picks and shovels" of emerging technologies make a pretty penny. Investors in the early internet saw gains upward of 10,000% by investing in the companies powering companies like Google.
But a lot of people don't know this. They are so fixated on Bitcoin that they don't realize there are technologies fueling its growth - one of those technologies is a $400 dollar market!
In today's podcast, gold expert Luke Burgess will educate you on his favorite Bitcoin "picks and shovel" play
He explains Bitcoin's role in our global economy, whether he considers it to be a currency or an asset, and how smart investors should be looking past the coin if they want to make profits.
If you would like to view Luke's presentation on Bitcoin picks and shovels, click here.
Happy listening and have a good weekend!
Baltimore native Luke Burgess sums up his investment success in six words: rational thinking in an emotional market. Luke is a goldbug, but he is unlike most others. In fact, he outwardly objects to even being labeled as such.
Luke first became bullish on gold and other natural resources back in 2002, following a sharp decline in the value of the U.S. dollar and taking notice of extraordinary monetary policies in Asian countries at the time. Shortly after, Luke began writing for the legendary financial newsletter Secret Stock Files, where he showed subscribers rapid, life-changing gains from a number of junior exploration and development natural resource plays.
Alexandra Perry is Wealth Daily's research director and a contributing analyst for Energy and Capital.
She has multiple years of experience working with startup companies, primarily focusing on artificial intelligence, cybersecurity, alternative energy, and biotech. Her take on investing is simple: A new age of investors can make monumental returns by investing in emerging industries and foundational startup ventures.
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