By Matthew Hayward Have you ever wondered why people interested in cryptocurrencies talk about it as if we don't already have digital currency with the US dollar? There is actually a stark contrast between Bitcoin and the US dollar, which exemplifies different economic ideologies. The US dollar, as a fiat currency, is valued based on trust in the stability of the government. This system's inherent flexibility often triggers inflation, causing the money supply to swell and dilute the value of each dollar, which in turn reduces purchasing power and drives up prices. Inflation erodes savings, progressively reducing the purchasing power of each dollar for goods and services. In contrast, Bitcoin, established on the unalterable foundation of blockchain technology, offers a digital alternative. Its inherent scarcity and controlled release mechanism ensure that its value is likely to ascend as demand increases. Unlike the dollar, which depreciates due to inflation, Bitcoin is designed...

By Matthew Hayward BTC price at the time of this publication: $69,611.07 I hope you all survived the bear market and accumulated while prices were depressed. Now that Bitcoin has hit a new all-time high of $70,184 , people are talking about it again. This always makes for an interesting time when people who got in late from the previous cycle and held for two years are back to even or slightly up and anxious to get out, while others are just buying in for the first time. Most of us who have been in longer than one cycle are looking for this run's new high, not the new bottom; most of us are only considering selling now if we are all in and don't hold cash. Then perhaps we are cashing out what we need to pay bills and buy stuff, but we are not looking to get out; some may still be adding to our bags via dollar cost average (DCA) . I will not give anyone investment advice, but I will share what I am doing and my reasoning. But first, one of the most important things to recognize...

By Matthew Hayward As a keen observer of the evolving crypto landscape, my journey with cryptocurrencies and platforms like Coinbase has been both extensive. Reflecting on my previous blog post from December 17, 2020, titled " Coinbase's IPO: A Game Changer in Crypto Investment, " I shared my anticipation and strategic moves ahead of Coinbase's DPO. The excitement and foresight expressed then resonate with the current scenario surrounding Bitcoin ETFs and their impact on Coinbase. Today, I find the recent CNBC article underscoring the potential threats to Coinbase from Bitcoin ETFs to be missing the mark. Let's delve into why Coinbase stands to benefit significantly from this development. For those new to the crypto space or looking to refine their understanding, I recommend checking out my guide, " Getting Started in Crypto: Five Essential Steps. " This resource offers a foundational overview, from understanding basic terminology to making informed deci...

By Matthew Hayward  Price of Bitcoin on this date: $28,092 As the next Bitcoin halving approaches in April 2024, many are left wondering what this event means for the price of Bitcoin, especially given the increased adoption and massive reduction in available supply on exchanges. To understand its potential impact, it is essential to grasp the concept of halving and its historical significance. Bitcoin Halving Explained Bitcoin halving, also known as halvening, is a process that occurs approximately every four years, cutting the rewards miners receive for validating transactions and adding new blocks to the blockchain in half. This event is designed to control inflation and maintain a capped supply of 21 million Bitcoins. Historical Significance Since its inception, there have been three Bitcoin halvings (in 2012, 2016, and 2020). Each time, the event has contributed to a significant price increase. For example, Bitcoin reached an all-time high of almost $69,000 in November 2021, 1...

By Matthew Hayward Current Price of Bitcoin $27,203 The world of cryptocurrencies has been a hot topic in recent years, and many people have been hesitant to invest due to the huge swings in price and value. However, I believe that this should not be a reason to avoid investing in cryptocurrencies, particularly Bitcoin, as the technology has far-reaching implications that will change how the world operates . In this article, I'll explain why you should not let the cryptocurrency market's volatility deter you from investing in blue-chip cryptos. First and foremost, it's important to understand that cryptocurrencies are a relatively new technology , and their use cases and implementation have only scratched the surface. As a result, these cryptocurrencies' adoption and market cap are small, making them incredibly volatile and easy to manipulate in price. However, this is precisely why we should invest in them - we are early in the game, and this technology will revolution...

If you want to get into crypto, here are five things to get started. If all you want to do is invest in Bitcoin,  skip to step 3 and then jump to my referrals to get started right away. Step 1 – Do Your Homework And Learn The Lingo (See additional Resources below) Step 2 – Don't listen to me, a podcast, or read an article and decide to buy some random cryptocurrency you think is going to be the next big thing. You need to do your homework before you invest. Believing someone talking up a project, a token, or an alt-coin without doing your own research is foolish. Never trust anyone pushing a project; often, they have some benefit from others buying in. Step 3 – Decide where you are going to keep your investment -  digital wallet (s) - an exchange - stake it... (I do all three, but personal ownership through a cold wallet is the safest.) Step 4 – Identify the token(s) you want and then learn how to buy them. The two most common places are exchange or a  decentralized ...

I woke up on Dec 17 2020 with a question. So I did what most people do when they want an answer, I asked Google. "Hey Google, is Coinbase a publicly-traded company?" I learned that it was not, but that in July they had made comments about possibly going public. I set a Google alert on my phone to notify me of any articles that included 'Coinbase.' That night while taking out the trash I got an alert, Coinbase announced they were submitting paperwork to the Security Exchange Commission (SEC) to have an initial public offering (IPO). I called the next day to start the process to refinance my house to lower my interest rate, lower my monthly payment, and pull out equity to invest in Coinbase, Bitcoin (BTC), and other cryptocurrencies. Few times have I been more confident that this was an investment opportunity I did not want to miss, this is a once-in-a-lifetime moment. Sadly there wasn't a lot I could do knowing they would be going public. I could not figure out how...