| Dear Colleague, On Thursday, Dec. 28, at noon, STEM4US! is hosting an online discussion or Webinar to help you understand the opportunities and risks of Bitcoin and other cybercurrencies.
Now that tax reforms have been signed into law, smart investors are looking turn the savings from tax cuts into profits. Some see windfalls in Bitcoin. So what is Bitcoin? Seven years ago, you could buy 1 Bitcoin for $ .10, today it costs more than $15,000. Unlike other money, there are no coins and no notes, Bitcoin and other cyrptocurrency can only be traded online.
Also, cryptocurrency has no government body controlling its value and printing new bills. Instead, its created by computer algorithms called mining. All transactions are recorded on what’s known as a block-chain that is stored all over the world. Last week, Bitocoin hit a new record high when it passed the $19,850 mark. However, just this week, the currency fell steeply, below $11,000. As of Friday evening, the value climbed back to $15,650.20, according to Coindesk.com. Despite its fluctuations, the value of Bitcoin is up more than 1,430% over the last year, where an average good investment generates only a 15% return.So, are there opportunities in Bitcoin for you and I? If you don't have $15,000 or so to buy a single Bitcoin, how can you get a piece of the action? How about the technical side of cryptocurrency, "mining?” One defense contractor reported that he was recruiting block-chain developers or mining engineers at a starting salary of $600,000 per year.To break down this investment, decode its technology, and explain whether and how you might benefit, STEM4US! has assembled a panel of financial, engineering, and legal experts.
While there is no set fee for the Webinar, we ask that everyone register and make a donation to help cover the cost of this and other STEM4US! programming for 2018. To register and learn more about the event, click on the link below. |
