Even if it keeps garnering more and more notable support. So any talk about Bitcoin being a potential alternative currency is a function of desperation, not rational thinking. Or, as Jeb Terry of Aberdeen Investment Management says, "Bitcoin is a curiosity." Let me assure you, though - it's nothing beyond that. It's essentially a peer-to-peer electronic cash system that can be transferred through a computer or smartphone without an intermediate financial institution. And that has only intensified the desire for an alternative.īitcoin was envisioned in a 2008 paper by the pseudonymous developer, Satoshi Nakamoto, and launched in 2010. Of course, during the world's desperate search, the Federal Reserve has just continued printing more money. Even if the Chinese government finally decides to allow its currency to freely float - rather than controlling its value within predetermined ranges - it's still not going to happen. We have a better chance of seeing Jesus tomorrow than we do of seeing the world embrace the currency of a communist government as the new reserve. China's yuan entered as the next great contender. Several years ago, the euro was the top answer to the currency woes. The battle cry? Stop devaluing our money! I hear you. DollarĮver since the Federal Reserve embarked on its easy money campaign, everyone and their mother has been on a crusade for an alternative reserve currency. Let me explain…ĭesperate for An Alternative to the U.S. Otherwise, they might find their dreams dashed - or worse, their portfolios "stealthily" ruined. Cus' I'm bad for your health, I come real stealth."Īnd that's exactly the warning speculators in the new(ish) and wildly popular digital currency, Bitcoin, need to hear. "You better check yo' self before you wreck yo' self. In his 1993 hip hop anthem, O'Shea Jackson, better known as Ice Cube, raps… It's time to put some ice on a hot investing topic.
0 kommentar(er)
