Premium Post 5-2-25
Premium Post 5-2-25
Please do not consider the following to be investment advice. Each reader should think for themselves and rely on their own research and investment advisors. I’m simply sharing what I am considering or pursuing.
ACTION ALERT NO. 1: KASPA’S CRESCENDO HARD FORK SET FOR MAY 5, 2025. IMO THIS IS BIG.
One of the cryptocurrencies that I believe in the most is Kaspa (“KAS”)
. It is a limited proof of work cryptocurrency (like Bitcoin) but it is newer and technologically superior to Bitcoin today - in its present form. Consider some of its current advantages:
It is environmentally superior to Bitcoin as it uses less energy for mining. This is a HUGE issue politically. Tesla’s Elon Musk - with Tesla being a big Bitcon owner - pledged in 2021 that Tesla would not accept Bitcoin payments until more than half of Bitcoin’s mining was done using renewable energy. https://www.ccn.com/news/crypto/cambridge-half-bitcoin-mining-now-sustainable-energy/. According to a Cambridge University Study, that threshold has recently been reached with 52.4% of Bitcoin currently being mined using renewable energy. https://www.theblock.co/post/352332/cambridge-university-bitcoin-mining-sustainable-energy-use-elon-musk-tesla-btc-payments. Elon Musk has yet to comment on this recent report.
Kaspa is already (in its current form) ahead of the curve as it is more energy efficient than Bitcoin. Kaspa mining is less energy-intensive per hash than Bitcoin mining, which often requires significantly more power (e.g., Bitcoin mining generates ~$0.08/kWh compared to Kaspa’s ~$1.00/kWh, indicating higher efficiency for Kaspa).
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