Nipsey Hustle Invests Earnings into Cryptocurrency.
SO.. Nipsey Hustle Invests Earnings into cryptocurrency? I get it. He sees himself playing with house money at this point. Is it a good move? Probably not. I think he’s better off putting all of the funds from his first album into the crypto market. Inasmuch his first album was a blessing. Use that love into that risky endeavor. There is a reason why the penetration rate is still so low. Bitcoin has been available at a minimum of 10 years. Remember Cyprus?
What is Cryptocurrency?
According to Wikipedia, Cryptocurrency: is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.
Ever heard of Bitcoin? Unless you’ve been under a rock, you probably at least have a bit of an understanding as to what a Bitcoin is. What you may not have been aware of is to what Bitcoin, isn’t. Think about it, its called “Cryptocurrency“, that means we don’t know what is going on. Who are the traders? What measures are those unknown traders using to make those trades. We don’t know. Actually we know a lot less than we know about Greenbacks.
Because the subject of the cryptocurrency is a bit, cryptic, I’m going to have to add links to some great books that explain the fundamentals of cryptocurrency, and how you can get a better than rudimentary understanding of digital currency. Until then and only then, let your digital currency be your music collection. (Wu and Martin Shkreli).