Cryptocurrencies
You Don’t Have to Own Crypto to Make Money Off of It
- Pick-and-shovel companies don’t have to choose sides to win
- Competition to be first to market heats up in blockchain world
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To make his fortune on cryptocurrency, Jake Benson doesn’t have to choose a winner among the hundreds of firms hawking digital tokens. He just needs to do their taxes.
Benson is following the ’49er model -- as in 1849. Like industrious shopkeepers during the California Gold Rush, he’s offering the digital equivalent of picks and shovels. In his case, accounting services.