The three storied Crypto Castle housed in San Francisco serves as the ultimate think-tank of Crypto tech nerds where they plan about their next course of actions in the Bitcoin arena and make merry on the go. A lion’s share of the millennial tenants have zeroed on Bitcoin as their utmost investment vehicle.
Bitcoin is becoming the next big thing with upsurge in prices and government regulators taking note of its importance. However for those who are an outsider to the Bitcoin phenomenon, Bitcoin is a form of digital currency which fosters transactions under a veil of anonymity. This system devoid of any middleman or banks records all the user driven transactions in a decentralised digital ledger known as Blockchain.
Cryptocurrencies have been on the upswing since the beginning of 2017. Bitcoin being one of its most popular variants has been at the receiving end of constant adulteration. Since $200 per token value in 2015, the price of Bitcoin skyrocketed to a whopping $4000 in August 2017. Few however are of the opinion that the price hike of Bitcoin which is already drawing in comparisons with the yellow metal might not stand the test of time. The same was said when the Internet was launched for the first time. But its constant excellence has silenced all critics for sure. Whether the fate of Bitcoin will follow suit is a million dollar questions. But given its value hike and increasing sphere of action, we surely can expect a positive outcome from the same.
Also Read: 15 Year Old School Drop Out has $1.5 Million Worth of Bitcoins
According to Jeremy Gardner, a young investor and entrepreneur, most of his house mates have turned into Crypto powered millionaires. In 2015, Jeremy deposited $20000 to rent a house which later tuned into a landing pad of Crypto geeks. At the time of renting the house, Jeremy was the operations director of Augur a blockchain based tool used for market forecasting.
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