Brian Blank<\/figcaption><\/figure>\n\u201cIf you\u2019re in the banking industry and you\u2019re worried that your industry might go away, you might buy some crypto assets,\u201d Blank said.<\/p>\n
\u201cBecause if your bank stops existing, maybe those crypto assets will be worth more in the future.\u201d<\/p>\n
Blank invests a very small amount of his portfolio in a cryptocurrency named Ether.<\/p>\n
When Blank\u2019s students come to him with an interest in cryptocurrency, he advises that they invest only what they are willing to lose.<\/p>\n
Blank said cryptocurrencies are still mostly a mode of investment rather than a mainstream payment method for goods and services.<\/p>\n
\u201cThey think that the coin is going to gain value moving forward,\u201d Blank said. So if you think that something\u2019s going to rise in value, you don\u2019t necessarily want to trade it for a pizza or something like that.\u201d<\/p>\n
Blank also noted that young people are more likely to invest in crypto. Those who spend more time online feel more comfortable buying something intangible than older generations.<\/p>\n
\u201cI think young people are more likely to be technologically savvy, more of their life happens online and digitally,\u201d Blank said. \u201cSo they\u2019re more willing to buy things that only exist digitally.\u201d<\/p>\n
What is crypto\u2019s impact?<\/strong>
Blank sees the investment utility of cryptocurrencies like Bitcoin and Ethereum (the network Ether is traded on) as the greatest impact on the community.<\/p>\n\u201cPeople have assets that they\u2019re using to save for something in the future,\u201d Blank said. \u201cWhether that\u2019s retirement or whatever, that\u2019s another type of investment that they can utilize.\u201d<\/p>\n
What\u2019s the outlook for those crypto ATMs?<\/strong>
Crypto is definitely growing but the shape it has taken in the world probably won\u2019t remain the same, Blank said. While he expects to find famous currencies like Bitcoin and more technologically updated ones like Ether to still be here in five to 10 years, other currencies will fall off.<\/p>\nIn fact, the total market valuation of all cryptocurrencies is approximately $1.1 trillion, down from a high of $2.9 trillion in November 2021, according to coinmarketcap.com.<\/p>\n
Blank also believes that while the crypto ATMs are here now, he isn\u2019t sure that they will be used to much effect in the future.<\/p>\n
\u201cI would guess that the crypto ATMs that exist will be there for a long time,\u201d Blank said. I don\u2019t know if they will get used more frequently over the next 10 years than they have over the last 10 years.\u201d<\/p>\n
There are currently 21 crypto ATMs in Lowndes county, four in Oktibbeha and six in Clay, according to the various companies that own machines in the Golden Triangle.<\/p>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Although there are 31 cryptocurrency ATMs in the Golden Triangle, you\u2019d be hard pressed to see someone using one of them. The machines have been appearing in gas stations, supermarkets and other visible areas over the past year, but according to several businesses in Columbus who host the machines, they aren\u2019t used much. Near the […]<\/p>\n","protected":false},"author":1,"featured_media":25913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[1635,50,62,52,2415,508,10452],"class_list":["post-25912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-atms","tag-bitcoin","tag-crypto","tag-cryptocurrency","tag-introduce","tag-people","tag-popping"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/DSC_2135.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25912"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25912\/revisions"}],"predecessor-version":[{"id":25914,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25912\/revisions\/25914"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/25913"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25912"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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