Inflationary winds from around the world spell a sea change for Bitcoin
If inflation is taking a deeper hold on the global economy, could Bitcoin become less a speculative tool and more a safe haven? Is the global economy in uncharted territory now vis-a-vis Bitcoin (BTC) and inflation? During most of the cryptocurrency’s brief life, the economic environment has been generally pro-growth with stable prices but recently, there are fresh warnings of an inflationary storm. If so, what does it mean for Bitcoin, long promoted by partisans as an inflation hedge though not really tested in this way since its 2009 founding? That is, will millions of individuals and....
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Even though Bitcoin can do a lot of good for the unbanked and underbanked nations of the world, there has been a fair amount of opposition from banks and consumers, most notably in Africa. But even local banks in that region – including Barclays – have to acknowledge the coming change, as they are now putting all of their eggs in the baskets of FinTech and Bitcoin If you can’t beat them, join them, seems to be a very appropriate saying in this regard. A Different Opinion on FinTech and Bitcoin. It has taken African banks quite some time, but they are starting to see how the continent could....
The more things change the more they stay the same; our modern inflationary currencies are beginning to mirror that of Weimar.
With more good news is bad news jobs data, the world’s inflationary bear market is spelling trouble ahead.
Whether a coin has a maximum supply (like Bitcoin’s 21 million) or is infinitely inflationary (like Ethereum) has significant effects on that coin’s usage. For example, people tend to save that which is limited in supply, and that they tend to spend that which is inflationary in supply. So which side of the tracks does up-and-coming cryptocurrency Dash fall on? This video explains Dash’s coin emission rate in detail: The reason currencies that are limited in supply encourage savings (potential investment) in the long-run is that — should demand for said currency either remain the same or....
2017 is full of positive energy, renewed spirit, and the winds of change. As with any new year, new aspirations come with it, and the world is waiting for Bitcoin to gain its “killer app” that will take the digital currency mainstream. Kim Dotcom is working on it, but it will have to wait a couple more days. ‘I Want to Take Bitcoin Mainstream’. Last summer, online business mogul Kim Dotcom announced two future Bitcoin applications called Megaupload 2.0, or MU2, and BitCache that he said would revolutionize the Bitcoin industry and bring it into the mainstream. He boldly announces the day....