They are young, entrepreneurial, looking for cheap cross-border transaction solutions and an exit from failing fiat currencies, and they are increasingly pivoting to cryptocurrencies. Technologically savvy smartphone generation who have grown up in the digital age, many are economically active in the global digital village voted their preference of what future money will be, and it increasingly looks like cryptocurrencies....
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Bitcoin (Cryptos), central banker’s new foreign reserves, sounds rather bizarre but maybe it is not too far-fetched. Could the NSA have been commissioned by the Fed to develop a global digital currency which would then becomes part of the central bank’s foreign reserves? The Most conclusive proof that cryptocurrency is the brainchild of the US intelligence agency is a declassified NSA report entitled HOW TO MAKE A MINT...
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Political risk is brewing again. It is being fermented by an ideology of self-determination and secession. The very existence of states, superstates and multilateral trade agreements (which provide a framework for trade, prosperity, and peace) are now all in jeopardy. Self-determination, nationalism, regionalism is being pedaled by political opportunists as an answer to the current woes. Perhaps it has its roots in Darwinism survival...
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It is as if investors are preparing to abandon ship and book their place on a life raft. Typically, during a financial and or geopolitical crisis, safe haven assets such as precious metals (gold and silver) tend to outperform all other asset classes. That was before cryptocurrency, particularly Bitcoin. Indeed, the top performing asset so far this year is Bitcoin, it is providing investors with a life raft, a safe haven asset in a...
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