Ted Bauman and the Fate of Bitcoin

In recent weeks, Bitcoin has been one of the most talked about investments, with many experts on both sides of the fence in regards to its potential to grow and make investors money. In an edition of The Bauman Letter, financial expert, Ted Bauman recently weighed in on his position concerning Bitcoin, while also discussing a possibly fatal flaw that the cryptocurrency is currently dealing with. While traditional banking institutions, such as Visa, are able to process thousands of transactions each second, Bitcoin is only able to process a few each second. This lack of processing power could be, according to Ted Bauman, the factor that brings about the downfall of Bitcoin. For transactions that need to be completed instantaneously, such as buying gas, or leaving a parking garage, the time it takes for Bitcoin to process, which can last anywhere from a few minutes to hours, this is not practical. While heads at Bitcoin are frantically looking for a solution to the problem, recently implementing Bitcoin Cash, the stock prices have swung drastically, and as finance experts such as Ted Bauman look on, they can only recommend a wait and see approach.
Ted Bauman is an expert in finance, as well as the editor of the Banyan Hill Publishing columns, The Bauman Letter, Alpha Stock Alert, and Plan B Club. Born in Washington D.C. and raised on the eastern shore of Maryland, Ted Bauman left the United States in early adulthood, settling in South Africa, where he attended The University of Cape Town. After garnering postgraduate degrees in economics and history, he jumped into the workforce, blazing a career path that would last for 25 years. Working mostly in the nonprofit sector, Ted Bauman oversaw a number of low-income housing projects as the fund manager. During that time, he also helped to found Slum Dwellers International, which has gone on to help millions of people attain quality housing. During the 2000’s, Mr. Bauman wrote extensively on finance and worked with a number of international institutions, including the United Nations and the World Bank. In 2008, after 25 years in South Africa, Mr. Bauman returned to the United States where he took a position with Habitat for Humanity. In 2013, choosing to focus exclusively on research an writing in the financial arena, he joined Banyan Hill Publishing. He recently completed a novel with his father, former United States Congressman, Robert Bauman. Today he resides in Atlanta, GA, with his wife and daughter. View:https://ideamensch.com/ted-bauman/