The stock market and the economy is all about prediction. People want to know what is going to happen. People want to know if and when the market is going up. The problem is, we are mostly rubbish at predicting what will happen.
The problem they’ve got is this. The rich can’t buy in to such a ‘small’ market without showing what they are doing this (which would push up prices out of their control). So instead they are trying to make ordinary people write it off, panic sell or fear cryptocurrencies. Or at least not compete with them to buy in. Its economics 101.
Bitcoin price has hit another new high…again. The digital coin surged past US$9,000 yesterday. Investors who’ve held on throughout 2017 are looking at returns of more than 830%!
The White Paper argues that free trade is crucial to Australia’s success. We are an export nation. That won’t change. But economic protectionism is on the rise in Europe and the US. How can we rely on trade, if our trade partners are withdrawing?
Bitcoin futures are coming. CME Group Inc. which operates the Chicago Mercantile Exchange, is set to launch bitcoin futures in the fourth quarter of 2017. Due to its popularity, it’s clearly a no brainer.
Ethereum price is at an all-time high. It’s currently sitting at AU$557. Which is a new apex. No one single event has caused this, but a myriad of advancements over the last couple of months.
Bitcoin cash might be headed to the moon. That is, if yesterday is anything to go by. Since the start of August the bitcoin cash market cap has swelled from 5 billion to the 25 billion.
You can be independent of money. And global commerce can operate without the lifeblood of money. It’s a world where digital currency, cryptocurrency, is accepted and used. Blood is to human survival as crypto is to digital survival. You already have one. Maybe it’s time to get the other.
I think cryptocurrencies themselves are only the beginning. The tip of the investing iceberg, so to speak. Not a side show, but also not the only game in town. In my opinion the perfect blockchain portfolio includes both good cryptocurrencies and good blockchain stocks.
Australia is ahead of the herd in blockchain adoption. This is the opinion of the Huffington Post. And with good reason. The World Economic Forum believes 10% of global GDP will be stored on blockchain by 2027.