Ted Bauman Cautious on Cryptocurrency

Ted Bauman, the editor of the Bauman Letter for Banyan Hill Publishing, has built his career as one of the foremost financial experts on the planet, and in a recent edition of his newsletter, he brought up one of the most hotly debated topics of recent times – Bitcoin. While many believe that the leading cryptocurrency is here to stay, it does face one serious problem – transactions speed. While traditional institutions such as Visa, are able to process thousands of transactions per second, Bitcoin is only able to process a handful, meaning that a transaction may take a few minutes or hours to fully process. This will be particularly detrimental in the fast-paced world of today, and while the heads at Bitcoin have been actively seeking a solution, as of now, none exists. Recently Bitcoin has been employing an offshoot of its flagship cryptocurrency with the implementation of Bitcoin Cash, but despite the fact that it does show promise, experts such as Ted Bauman remain largely skeptical. Check this article at Bloomberg.com for more info.

Ted Bauman, having joined Banyan Hill Publishing in 2013, is currently the editor of Alpha Stock Alert, the Bauman Letter, and Plan B Club, and he is a writer, contributing weekly, for the free daily newsletter, The Sovereign Investor Daily. Today, Mr. Bauman is recognized as one of the foremost authorities on finance and has dedicated his career to the studying of economics over the course of several decades. He was born in Washington D.C. and raised on the eastern shore of Maryland, but as a young man decided to relocate to South Africa, where he attended Cape Town University. Follow Ted Bauman at stocktwits.com

After graduating from Cape Town University with postgraduate degrees in economics and history, he began working in South Africa’s nonprofit sector as an executive fund manager. Throughout his career, he would visit over 75 countries throughout the world, while providing services for a number of reputable organizations, including the World Bank and Cape Town University. In 2013, Ted Bauman returned to the United States, taking a position with Habitat for Humanity as the Director of International Housing. He is a regular contributor to a number of international journals, including The Journal of Microfinance, Small Enterprise Development, Cape Times, the New Internationalist, and Cape Argus. Today, along with his wife and daughter, Mr. Bauman resides in Atlanta, GA, where he works from his basement office. Read more about Ted Bauman at http://www.gold-eagle.com/authors/ted-bauman


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