CRYPTOSILV

Jeffrey Tucker, economist and editorial director for the American Institute for Economic Research, is calling out banking elites and governments for their long-standing monopoly on money, which has led to “world wars, depression and inflation, enormous government indebtedness, and the rise of leviathan states that learned to print their way to power and riches.” In a recent report, Tucker advises central banks and governments to stop meddling in the world of crypto — where they’re not wanted, not qualified and not going to succeed. But banks are hardly lying down and rolling over. They’re lining up solutions to kick Bitcoin and crypto to the curb, challenging the fintech startups that are vying to take away their monopoly and world dominance. Tucker addresses their central scheme to stop the competition: issue their own digital currencies. But a government-backed, central bank-branded coin would have nation-state borders and would live on a permissioned blockchain. It would ...

Back in July, when Bitcoin was trading around $7,500 and the price was climbing, Arthur Hayes, co-founder and CEO of cryptocurrency exchange BitMEX, predicted Bitcoin could continue to drop. He marked $5,000 as a possible bottom, before a big market rally could propel Bitcoin to an astonishing new all-time high of $50,000 by the end of the year. While Bitcoin and the cryptocurrency market as a whole is searching for widespread adoption and critical developments tackling security flaws and solving scalability issues, Hayes made his assessment based on market behavior. In a July interview with CNBC, he explained why he believes the summer months and a financial world of globe-trotting vacationers is at play. His expectation: the markets will heat up in Q3 and Q4. Hayes is a former equity derivatives trader and market-maker for Deutsche Bank and Citibank’s Exchange Traded Funds (ETF). He co-founded Hong Kong-based BitMEX in 2014. The exchange is now valued at $3.6 billion on a ...

The longest fiat currency in the world is the British pound. It has been in existence for more than 300 YEARS . I saw an article online talking about it. Not well articulated but draws out the fact that "the pounds sterling has lost 99.5% of its value". This goes to show that for someone who has decided to use the fiat currency as it store of value, it is in for the losing game. The constant devaluation of our currency make it the worst form of store of value. In this generation, savers are losers. You can not save your way to be a millionaire. You have to invest. This is not a Financial Advice!  Do your own research. One of the most liquid investment around is cryptocurrency. Bitcoin which is the oldest and most important of it all is working like Gold. Since inception, bitcoin has performed incredibly well against the US Dollar. As impressive as it sounds, it does not come without some demerits. It is highly volatile. The risk is solely yours i.e. you are resp...