Ted Bauman on the Safety of Bitcoin

In The Bauman Letter, finance expert, Ted Bauman, recently weighed in on his position regarding one of the hottest products on the market – Bitcoin. While he insists that cryptocurrencies are here to stay, Bitcoin is currently facing a major problem that might bring about its premature end. While traditional financial institutions such as Visa or Mastercard, are able to process thousands of transactions each second, Bitcoin is sorely lagging behind, with the power to only process a handful of transactions each second. Because of this, the time it takes to process a Bitcoin transaction may range anywhere from a few minutes, to an hour, drastically reducing its practical use. This becomes increasingly problematic when dealing with services that require immediate transactions, such as pumping gas or leaving a parking deck. On a slow day, the lack of processing speed could leave you stranded for hours. This is an issue that the heads of Bitcoin are frantically trying to solve, and as of late, they have implemented Bitcoin Cash. While the future of Bitcoin and cryptocurrency seems to be bright, this deficiency is causing experts, such as Ted Bauman to remain cautious when making investments. Learn more at Seeking Alpha about Ted Bauman

Expert in asset protection, Ted Bauman, was born in the Washington metropolitan area but relocated to South Africa in his early years. While there, he completed his undergraduate studies at The University of Cape Town, where here garnered degrees in economics and history. Over the course of the next 25 years, Mr. Bauman would blaze a career in the nonprofit sector, working predominately as an executive fund manager for low-income housing projects. During this time, he helped to implement one of the most successful organizations regarding low-cost housing, Slum Dwellers International, which today, has helped millions of people all over the world. In the early 2000’s, Mr. Bauman acted primarily as a researcher and consultant, working with a number of reputable organizations, including the World Bank and the United Nations. In 2008, Ted Bauman returned to the United States, after a 25-year hiatus, and took a position with Habitat for Humanity International in a directorial capacity. In 2013, Ted Bauman joined Banyan Hill Publishing, and since then has garnered a considerable readership as editor of the newsletters, The Bauman Letter, Alpha Stock Alert, and Plan B Club. Today, Ted Bauman resides in Atlanta, GA, with his wife and daughter and works primarily from his home office. Read more about Ted Bauman : http://www.gold-eagle.com/authors/ted-bauman

 

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