By Lethbridge Herald on January 21, 2022.
Herald photo by Al BeeberBitcoin investor Scott McGregor works from his home office this week. McGregor is a big believer in bitcoin but suggests people do their own research before investing themselves.
Al Beeber
LETHBRIDGE HERALD
Scott McGregor hates the term ‘crypto currency.’ McGregor, who spent about 16 years in the radio industry, now does investing from his southside home.
After being introduced to bitcoin by a brother-in-law, he began studying what he prefers to call a “monetary network.”
While bitcoin is the most well-known type of crypto, there are others such as ethereum and not all are trying to be alternative versions of cash, he said.
McGregor says outright he won’t recommend anyone to invest in digital currency.
Instead, he says people need to do their own research and a great avenue is on YouTube where he learned an enormous amount about crypto himself.
McGregor sees crypto as an evolution of the concept of currency. He says only 21 million bitcoin will ever exist which is why its value is so high – about $42,000 U.S. right now for one bitcoin.
But investors can put their money into shares of bitcoin.
The more money put into a bitcoin network, the more value the network has, he says.
For McGregor, bitcoin is “digital gold” and a way to increase investments while money loses its value “at a rate never seen before in human history.”
“I want my money to be worth more down the…
