Bitcoin, Crypto, NFT and Blockchain
The virtual currency (AKA “cryptocurrency”) is the next big thing. The global economy is moving fast in the direction of virtual currency. The market of virtual currency is valued by the Billions and likely as not will be in Trillions.
Bitcoin is a kind of money which is electronic money. It exists only in the electronic world, in the internet and in people’s computers. Ethereum is another electronic currency.
The function of the electronic money is very similar to the function of your fiat money in the bank. The only difference is that the electronic money does not have physical bills and coins.
Why should we invest in Bitcoin or Ethereum?
The electronic money can be used to generate a great profit. As of the writing of this lines, the Bitcoin is being traded around 1:2500, meaning one Bitcoin equals around USD 2,500. However, just two years ago, it was worth only USD 600. Investors who purchased Bitcoin only 5-7 years ago for the amount of a few tens of thousands dollars, today are multi-millionaires and they live without having to work for a living.
How are Bitcoin and Ethereum being created?
bitcoin and Ethereum are being mined. Just like gold mining, where gold is being extracted from the earth, so the electronic money is being mined – electronically. The way to mine the electronic money is by powerful computers which are conducting calcuations in order to solve a computer-riddle. The riddle is meaningless, and calculation and its solutions is meaningless just the same, but this is the way that the Bitcoin’s creator has chosen (a man who calls himself by the alias Satoshi Nakamoto), to make sure the creation of the Bitcoin shall be slow, controlled, and mainly to create scarcity (which is known to cause value).
So in fact, if you purchase enough computer hardware, and build enough computing power, you can actually get rich.
Future projections
Generally, if you look at the graphs of virtual currencies, you will not find even a single one that its value is going down. The value of all virtual currencies goes up, sometime by whole percentages in one day. Virtual currencies are considered a long term investment which pays off by hundreds and even thousands percent over just a few years (and this is an understatement).
How Can You Benefit From Virtual Currencies?
One way to benefit is by establishing a mining farm. You need to purchase industrial quantity of computer hardware and configure it so the computers will mine your favorite currency. This process takes medium economic resources on your part, as well as hiring the services of an expert in hardware purchase, its build and configuration.
You also need to set up an international corporate structure for this.
Another way is to trade in virtual currencies, with your money or your clients’ money.
This process also involves setting up an international corporate structure.
Hodorov Law Firm the helps many projects with establishing the right corporate structures and gives legal advice to the ongoing economic activity of the virtual currencies.
We establish mining farms.
We establish exchanges and trading platforms.
We help import ATMs ("Cryptomats") from abroad, and establishing them in Israel and abroad.
We establish investment centers.
We incorporate technological companies, such as Algotrading tech.
We consult ICOs, STOs, IEOs, and we help with listing processes in the different exchanges - Bitmart, Bitfinex, Kraken, Bitstamp, Bittrex, Coinbase, Okex and more.
Disclaimer: This document is not intended to provide with an investment counseling or recommendation.