According to an experiment conducted by Covanta Holding Corporation, turns out that Americans throw away about $62 million dollars a year worth of spare pocket change and usually the coins get thrown away accidentally. The recycling and waste management company Covanta’s analysis is what made Coinstar start selling Bitcoin for pocket change so we read more about their idea in today’s bitcoin news.
Despite the fact that a pocket full of change is basically worth nothing these days, it’s no wonder why Americans aren’t careful with literally throwing away their change. You can’t really by anything with a dime so people end up saving them in a jar or simply getting rid of them and this is a clear sign of the global economic inflation.
Coinstar decided that it will be a good idea to make people be more careful with their change. This is how they came up with the idea to build a machine which can convert the change into bitcoin.
This is great news for all those who keep their change and this is also why Coinstar built their coin counting kiosk business which led them to partner with Coinme ATM Company.
The idea of trying to save something not going to waste is the same idea that got eBay on the market, from selling inventories sitting in people’s garages to one of the largest online markets in the world. Uber as well used the unused private vehicles and turned them into money machines for their owners.
So, at the end it won’t just be the $62 million of pocket change that gets thrown away but also all of the jars filled up at the homes of people will now have a purpose.
Bitcoin Investing: Over 50% Of Retirees In US Are Crypto-Aware
- I know bitcoin is, but am not interested in investing - 56.7%
- I already own some bitcoin - 2.7%
- I have no idea what bitcoin is - 32.9%
- I know bitcoin but don’t know how to invest - 3.4%
- I’m keeping an eye on it - 4.3%
“This audience represents some low-hanging fruit for the Bitcoin community to go after. Retirees are always interested in alternative assets that can help diversify their portfolio against market fluctuations.” “The IRS approving cryptocurrency IRAs is an indication that retirees are increasingly interested in including some cryptocurrencies in their retirement accounts.”For now, US retirees are active in traditional investments such as stocks, bonds and real estate - while Bitcoin investments are still on the rise. In contrast to them, millennials are far more open-minded when it comes to embracing new asset classes, as many best cryptocurrency news sites have reported. Baby boomers, on the other hand, are somewhere in the middle.
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“We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to the recovery often are.”He also went on to add that "crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs," saying that he believes that the current Bitcoin price analysis shows that just like other classes, BTC faces a slow and painful path to recovery. Featured on many best cryptocurrency news sites, Dennean's statement also likened the Bitcoin price "bubble" to the 1929 Dow Jones collapse, suggesting that it might take slightly more than two decades for the dominant cryptocurrency to reach its highs in the likes of $20,000.
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past,"In his Bitcoin price analysis, Dennean said:
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past."He also compared the rapid rise and fall of the Bitcoin price and warned the public:
"Maybe crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs."In line with the coming altcoin news which see a lot of coins as idle, the latest Bitcoin price analysis shows that there could be a possibility for a bullish run for BTC in the future - and all of this alone gives hopes to many traders and BTC price believers.
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