Carol Joan (Green) Wade thepampanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepampanews.com Daily Mail and Mail on Sunday newspapers.
New Wall Street Daily
Dear
Over the past couple of years, you’ve probably heard a lot about cryptocurrencies…
Bitcoin – the original and oldest cryptocurrency – went on a tremendous run in 2017, soaring roughly 2,000% in less than a year… peaking at nearly $20,000 that December. But just as quickly, bitcoin plunged more than 80% throughout 2018.
Fast-forward to last month, when the price soared to a new all-time high above $60,000… more than triple its price at the end of 2020.
It’s a hot-button topic in financial circles…
The crypto space is full of fantastic opportunities. However, many individual investors simply don’t know how cryptos work – or what they’re good for.
Now Is the Time to Get Serious About Investing in Cryptos
Dear
It was one of the fastest-growing investments I’ve ever seen…
Launched in 2014, a cryptocurrency called Verge (XVG) billed itself as a “privacy coin” that would allow untraceable transactions.
It traded flat for years. But something happened in late 2017.
A big software update called Wraith Protocol was supposedly coming before the end of the year. Finally, XVG would realize its dream of becoming private electronic money. Buyers piled into the coin. The token price doubled every two and a half days for nearly two weeks.
But crypto is unique. It’s different from any other kind of technology. And because of that, this situation changed quickly.
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A
Steve s note: Bitcoin and other cryptocurrencies are getting a lot of attention these days. So today, we re sharing another essay from my friend and colleague Eric Wade. He explains why he believes bitcoin will go mainstream – sooner than most people think.
As central banks around the world spin up their money printers, the rise of cryptocurrencies will not just blow up the old model of banking.
It s going to completely reset the entire financial system – starting with the U.S. dollar.
What exactly is the monetary policy for the dollar? I can tell you. It s a small committee of bankers who lick their fingers and lift them in the air to gauge which way the market is going.