New York Times best-selling author and motivational speaker Tony Robbins tweeted about Bitcoin to his 3.04 million Twitter followers. Robbins is revered for his practical wisdom about money and finance, and has hosted countless seminars and lectures.
Tony Robbins’ team recently published an article on the basics of Bitcoin and a brief overview of how Bitcoin works. Tony Robbins himself, made a tweet on Twitter:
What the heck is bitcoin, and how does it work? Find out here. https://t.co/KkenntACZd
— Tony Robbins (@TonyRobbins) December 30, 2018
Brief overview of what the article is about
Most of the article consisted of the fundamentals of Bitcoin and how it works. It goes briefly into how Bitcoin mining works as well.
The article tries to tackle why Bitcoin is different from currencies in the cryptocurrency space. Here’s a quote from the article:
“Bitcoin is decentralized. No single bank, government, company or individual owns the network or has control over it. This means that your accounts can never be frozen, a government cannot devalue the currency, it can be used in every country, and, more ominously, because of the anonymous nature of bitcoin, the technically savvy can avoid taxation and use bitcoin as payment for any kind of illegal good or service.”
The article also talks about how Bitcoin has been linked to illegal activities, cash is even more untraceable and Bitcoin can be used to track criminals due to the underlying blockchain technology.
In 2017 Robbins was lukewarm on Bitcoin. At that time, speaking from the Iconic conference presented by Inc. and CNBC, he said,
“I think it’s very iffy. It’s like anything right now. It’s really a gamble. Nobody knows. You saw what’s happened in China and the impact that’s happening right now on Bitcoin from that. So I don’t have a clue. I look at that as it’s like going to Vegas. Things that aren’t really predictable, they could make you a lot of money. I’d take a certain amount of money, and I’d say, I know it’s just for fun. I’m investing. I know I could lose. This is Vegas, and Bitcoin fits that category for me.”
The bigger picture
Cryptocurrencies are continuing to find their way into the mainstream, through popular figures, big venues and worldwide events. In addition to the Bitcoin tweet, Robbins also recently tweeted about the UFC, mixed martial arts and the sport’s 450 million global fans. The UFC’s most recent event took place on Saturday, December 29.
What’s more important is that we have more well-known individuals getting into the Bitcoin industry and understanding the benefits behind it.