Six things COVID-19 has taught us about Bitcoin

This week the United States economy reported an additional 4+ million people filing for unemployment. The cost of COVID19 lockdowns and their destabilizing effect in business is an economic wave unlike anything in our lifetimes. This extraordinary investment environment has also provided tremendous qualitative indication and information about the market’s current assessment of Bitcoin and cryptocurrencies in general. At Vellum Capital, we want to share the most important observations we've studied over the past three months:

By Eric Kovalak, ago

Will Bitcoin burn the planet to ashes? Not so fast.

Environmentalists have recently become concerned about the impact Bitcoin mining has on global warming. Headlines such as “Bitcoin Will Burn the Planet Down. The Question: How Fast?” and “Bitcoin Mining Alone Could Raise Global Temperatures Above Critical Limit By 2033” suggest that Bitcoin is an unfolding environmental disaster. However, those panicking about crypto make three fundamental errors. First, they do not understand how Bitcoin works, second, they do not understand what mass adoption would look like, and third, they do not understand the problem Bitcoin is intended to solve.

By David Veksler, ago

Watch out for these five common Bitcoin scams

Purchasing Bitcoin and other cryptocurrencies on your own comes with risk.  Here are the five most common cryptocurrency scams reported by customers of Bitcoin Wallet Recovery Services: 1: Fake mining contracts: “mining contracts” which offer fantastic payouts, such as doubling your money in

By David Veksler, ago