Thanks to the ever-improving Bitcoin, many tech-savvy millennials are playing the crypto market to their advantage. They all live in the Crypto Castle, a three-story home in San Francisco, not far from the Mecca of tech, Silicon Valley.
Bitcoin has been surging the last few months, going over $8000 last week and continuing its climb, many financial behemoths predict the cryptocurrency-that-could will end 2017 with a $10,000 value. Others believe the digital coin is a bubble on its way to a giant pop.
“Over a half-dozen people in the time they’ve lived in my house have become millionaires as a result of crypto,” said Jeremy Gardner, a 25-year-old entrepreneur, and investor to Business Insider.
Gardner, a former director of operations at Augur, a market forecasting tool that runs on the blockchain, rented the house or Crypto Castle by putting down a $20,000 deposit himself. Since then it’s become a haven for serious miners.
“Not everyone who lives here works in bitcoin tech, though any resident could pitch you on its merits. Some entrepreneurs moved in simply because they needed a place to crash,” writes Business Insider’s Melia Robinson.
Most of the residents are in their early twenties and sleep in bunks when they’re not scouring the bitcoin realm…