Rusty Tweed is the President of TFS Properties, Inc. a real estate brokerage he’s established. The firm specializes in investment properties and exchanges that fall under the section 1031 of the Internal Revenue Code.

Mr. Tweed attended the University of Waterloo in his home town in Canada, where he studied Mechanical Engineering. His digging into the numbers and doing in depth due diligence has enabled him to identify markets and grow his own business. Moreover, Rusty Tweed comes from a family that has a long-lived experience with the financial circles.

With almost three decades of professional practice, Mr. Tweed has established himself as a knowledgeable specialist that has helped numerous long-term clients in his financial services business.

What do you love most about digital currency?

The efficiency. Most people who worked with me in the past have labeled me as a person that would do anything to get things done fast. I am not a fan of downtime and most of my operations run on a tight schedule. That tends to make it very hard when the tools that I am using experience problems that make them deficient.

With digital currency, however, the transactions that I have gone through have been extremely smooth. There were no issues when it comes to delays or glitches and my partners found it very easy to complete the process. I also like that it combines the latest blockchain technology with something so important as people’s ability to send funds.

What is your favorite coin and why?

Bitcoin. Like many other investors, I use a lot of benchmarking to set future goals and make them measurable. In the world of cryptocurrency, every new digital coin that comes out seems to be graded on the scale that was established by the pioneer of the industry, Bitcoin. That makes me more confident in its abilities as it is the oldest and most successful coin out of all that have gone through their ICOs. And, frankly, I have not spent as much time getting to know every aspect of all other cryptocurrencies that have been established.

What do you see in the future for Bitcoin?

One of the following two things will likely take place. Given the widespread applicability of blockchain technology, I wouldn’t be surprised if it evolved into mainstream utilization. I read many articles written by experts who are more specialized in this field than myself and they found ways to relate blockchain technology to the world of healthcare and other industries. Will this be an easy transition? Of course not.

If such a change was to ever take place, it would certainly take at least a decade to successfully implement. The second scenario I’m seeing mirrors the famous crash of the housing market in 2008. That crash eventually led to the downturn in our country’s overall economy. Basically, cryptocurrency seems to be growing at an unprecedented pace much like real estate markets did in the past.

I do not know any company that has gone through a $15,000 spike in their stock price in one year. Looking at Bitcoin, however, that is exactly what happened in 2017. Although I disagree the entire cryptocurrency industry is bound to fail as an idea, I do recognize potential areas of concern that could result in large drops in the value of certain coins.

What’s your favorite thing about this industry?

I like that it runs similar to regular company’s stocks. When a public corporation decides to raise funds through shareholders, they do something called an Initial Public Offering.

In the world of cryptocurrency, this process is paralleled by an Initial Coin Offering (ICO).

People get to purchase their coins for a discount and hope that it will grow later on. So, I think that it is a great way to make this field approachable to people who have been investing in the stock market previously through IPO’s.

What’s your biggest pet peeve about digital currency?

As most entrepreneurs, especially in the real estate and financial services industry, there is a certain degree of stigma that surrounds the newcomers. People tend to discourage them from entering this field as it can get volatile and unpredictable. Although that is not false, my belief is that people should do what satisfies their drive and ambitions.

When I first started, I was intrigued by the way that someone can be successful in entrepreneurship and eventually grow their own company. Many of my associates, however, focused on statistics that depict most small business as failed projects. Well, after many years of running a business as a sole proprietor, I am proud to be in the group of people who achieved their milestones while those associates that I mentioned are still stuck in the corporate world.

My biggest pet peeve is that most people don’t think they’re smart enough to start buying cryptocurrency or use it for simple transactions. It’s easier than most people think so don’t be a afraid to give cryptocurrency a try.

Like what Rusty Tweed had to say about cryptocurrency? Be sure to follow him on Twitter or reach out to him via LinkedIn if you’d like to get in touch with him directly.