Bitcoin is just 13 years old, and like tech start-up companies, its day-to-day price can be volatile. However, on a long-term basis, it is one of the most profitable investments. If you had purchased Bitcoin 10 years ago, the value of your Bitcoin would have increased 245,225%, an annual return of over 218%.
One of the best ways to acquire Bitcoin is through Bitcoin mining. Bitcoin miners verify all Bitcoin transactions recorded on the Bitcoin ledger. In exchange for verifying a batch of transactions, they are awarded Bitcoin. The average cost to mine 1 bitcoin is $12,000-$15,000. Compared to the current price of Bitcoin, you can see Bitcoin miners are accumulating Bitcoin at a substantial discount.
Setting up a profitable mining operation requires technical expertise, and the ability to access very inexpensive electricity. But just as investors can invest passively in a real estate fund, they now have the opportunity to invest passively in Bitcoin mining.
Join NuView on Wednesday, October 5th at 1:00 p.m. EDT and guest speaker, Zachary Winner, as he goes over "Passively Investing in Bitcoin Mining." This is a workshop you do not want to miss, register now!
Managing Principal of Cornerstone Investments, LLC
Zach Winner is the managing principal of Cornerstone Investments, LLC. Mr. Winner is also a founding partner of Prosperity CRE, a real estate investment firm. Mr. Winner has over 30 years of experience in investment, law, business, finance, marketing, and management. Mr. Winner has owned and operated real estate and mortgage brokerage offices in Southern and Northern California, providing real estate acquisition and financial services to clients in hundreds of transactions throughout the United States. Mr. Winner also previously acted as Chief Executive Officer and General Counsel for a public affairs firm, counseling Fortune 500 corporations and other clients on a variety of corporate communication issues. In 2017 Mr. Winner began investing in Bitcoin, and he personally mines Bitcoin. He is a frequent advocate for Bitcoin mining and the long-term societal benefits of Bitcoin and has appeared on podcasts and webinars discussing Bitcoin and Bitcoin mining.
Mr. Winner is a licensed attorney and a member of the California Bar Association. He is a graduate of the University of Southern California, with a Bachelor of Arts Degree in Communications Arts and Sciences, and a graduate of the McGeorge School of Law at the University of the Pacific, with a Juris Doctorate degree.