Just like the railways revolutionised the movement of people and goods, blockchain will revolutionise the movement of data. Until now, any transfer of value required a middle man. This one simple change — cutting out the middle man — opens up possibilities no one thought possible.
Think you’ve missed the decade long share market boom? Sat out the unbelievable cryptocurrency boom? In my opinion, you’ve not seen anything yet. It’s not too late to get a stake in the biggest opportunity in decades.
As bitcoin reached record highs last week, analysts were busy scurrying around trying to find a reason for the unrelenting surge.
Nothing can stop bitcoin. Not Chinese bans, and not even banker discontentment. Bitcoin now has a market cap of more than US$90 billion. Across the world, bitcoin and digital currencies are stronger than ever.
A return to the mining boom could put upward pressure on interest rates. And that would threaten housing, especially in the highly leveraged east coast cities. So the success of one of Australia’s key pillars may be a threat to the other.
$6,926 will fetch you one bitcoin at the time of writing — a new record for the cryptocurrency — up over 12% in the past day and closing in on $7,000.
I believe it will be the testing ground for cryptos in China. And if the industry flourishes, you can bet China might lift their bans and impose controls instead.
Not only will this become a form of protection from the potential calamities of the fiat money system, it could also provide the average person with a real, functioning money tree.
There’s nothing I enjoy more than being in the presence of someone having an ‘a-ha!’ moment about cryptocurrency. They want to understand the different types of projects in the works. They want to know how to get bitcoin, ethereuem, and a whole range of different cryptos.
Just over a month after China shut down its crypto exchanges, Russia might be following suit. The Central Bank of Russia has said it plans to take down the bitcoin exchange websites. The news did what it does best, bringing about price volatility.