Bitcoin investors have had an exciting ride over the past 12 months. The journey made some people who got in early very, very rich. If they bought at $1,000 last year at this time and sold last month when it hit $20,000, they are happy with themselves.
However, if they didn’t sell, that success may have been short-lived, as Bitcoin has taken quite a tumble practically overnight.
While it still leaves plenty of profit on the table for some Bitcoin investors, those who bought at the peak may be licking their wounds now – especially if they mortgaged their hard assets, like real estate. And, some who cashed out at the peak and traded the digital currency for something more solid, like real estate, are celebrating their savviness.
With us today, to talk about cryptocurrencies, is one of my favorite savvy investors, who’s currently living his dream. After growing up in Pittsburgh and working in the computer industry, Mike Cobb now lives in Central America where he’s building oceanfront resorts.
Mike, welcome to the Real Wealth Show…