(AP) It’s not every day that you see an individual trading in a cryptocurrency on the market.
But it’s a new reality for Duluth’s Mike Smith.
The 24-year-old from St. Louis, Missouri, said he has been trading in the Ethereum cryptocurrency for about a month and is now using it to make the $1,500 in cash he needs to pay for a new car.
“I don’t know what it would be like to have my own cryptocurrency,” he said.
“I mean, I’m a car guy.
But it’s cool.”
The Minnesota native says he can’t wait to see what comes next in the world of crypto-assets.
“It’s definitely something that I’d like to be a part of, but I don’t think I can be involved with it,” Smith said.
“So, I just need to keep investing.
I’m not going to sit here and watch and wait for the markets to move.
That’s just not my thing.”
Duluth has become a destination for people looking to make a buck in cryptocurrency trading.
The city is home to the Duluth Stock Exchange, a virtual market that trades in shares of corporations, universities, and other corporations.
It also offers a few other types of trading apps.
DulUTH, which has more than 600 businesses and 2,400 employees, is one of the more active places in the state.
It has the largest population of people in the United States and is one the fastest growing communities in the country.
In fact, the number of people moving to the Twin Cities region each year has more recently surpassed that of any other metro area.DULUTH has also seen its fair share of problems, including a crackdown on illegal money laundering, a severe shortage of housing and a severe economic downturn.
But Smith says he is not discouraged.
“There’s still so much to be done,” he told The Associated Press.
“The people here are very positive and really caring.
I know they want to help me and that I can do whatever I want.”
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