THE WORTH OF CRYPTO

WHAT IS THE WORTH OF DIGITAL MONEY RESOURCE & CLASS?

If you are an investor, you probably know about the “Digital Asset Class” of investments and you may have diversified your portfolio with crypto assets; this blog will keep you up to date with blockchain technology. If Digital Asset investment is something new to you, this blog will show you the benefits of blockchain such as 

(1) Its super-fast transactional characteristic, 

(2) Minimum cost to transfer money, 

(3) Protection against inflation, 

(4) Protection against the ups/downs of the country issuing a currency, 

(5) Protection against a country’s monetary policy and much more… 

Let’s begin with a cryptocurrency market overview, as of January 3, 2018, at 3:00 PM PST, the total CryptoCurrency Market Cap is over $730 billion USD; just eight months ago, it was $25 billion. It’s important to note that the cryptocurrency market capitalization took eight years and four months to reach the $25 billion market cap milestone in May 2017. Within eight months, the cryptocurrency market exploded in value with an infusion of $705 billion dollars.

WHAT’S THE REASON BEHIND THE MASSIVE GROWTH IN MARKET CAP? 

A key contributing component is the convergence of monstrous speculations from institutional financial backers such as capital venture firms, fortune 500 corporations in all sectors of industry and even governments globally. All these industries and governments are racing to be the first to develop robust blockchain applications which will revolutionize how entities operate in the digital domain. In layman’s terms: we are witnessing the GOLD RUSH to Internet 5.0 Blockchain Technology Innovation!

WHAT IS THE BLOCKCHAIN INNOVATION? 

Blockchain (also known as the distributed ledger technology – DLT), the technology underlying bitcoin and other digital currencies, is the catalyst for innovative application developments at the enterprise level in all sectors of industry. While Bitcoin acquainted the blockchain innovation with the world, Ethereum is upsetting its venture use. Blockchain technology was used to create bitcoin as a solution to failed monetary policies created by governments Bitcoin was invented in the aftermath of the 2008 financial crisis (read a summary of impact by the Pew Charitable Trust, Business Insider, United Nations) and the crisis was a clear motivating factor for its creation. Several banks and other financial organizations failed around the world, and governments had to bail them out at the expense of taxpayers. This highlighted the modern financial system's fragility, as our monetary system's health is dependent on banks. They fail to carry out their fiduciary duties to an appropriate degree far too often for comfort. The specific note is fragmentary hold banking fictional save banking. At the point when you give a bank $1,000, the bank doesn't really save all that cash for you. It goes out and is lawfully permitted to spend up to $900 of your cash and keep only $100 in the remote possibility that you request your cashback. This type of monetary policy contributes to creating another financial crisis. Bitcoin was made to resolve these issues with its innate decentralized nature. Bitcoin can not be created or devalued by national governments and is therefore immune from inflation. Citizens of impoverished countries can buy bitcoin to protect their money from the decline in the value of their national currencies. Similar applies to dollars, pounds, and euros. The future of bitcoin value is growing rapidly as a result of its limited supply. Only 21 million bitcoins can ever be produced based on its distributed computer code (over 16.7 million bitcoins is currently in circulation) which means that bitcoin is in very limited supply and it serves as a store of value similar to gold. To comprehend the reason why bitcoin fills in as a store of significant worth, read bitcoin's white paper: "I've been chipping away at a new electronic money framework that is completely shared, with no confided in outsider… " – Satoshi Nakamoto's White Paper distributed on October 31, 2008.

While Bitcoin is notorious in the news media for its ‘dark’ illegal usage in Darknets and in ransom-ware demands, the underlying technology of blockchain is now being developed and used on an enterprise level with the invention of Ethereum and similar blockchain platforms creating business applications. Keep in mind that both fiat (USD, Euro, etc.) and digital currencies can be used for good and bad (as in illegal activities); in years past, most people learned of bitcoin through media coverage focusing on sensational news such as the use of bitcoin in Darknets, however, since March of 2018 the trend is changing with massive institutional investments into bitcoin signaling the verge of mainstream adoption of bitcoin as a store of value. 

A BIT OF ADVICE:

 

“Emerging Bitcoin market is volatile. But in volatility, that’s how people have opportunities to make money.” – Sir Richard Branson in a 2010 Street Smart Interview on Bloomberg when the price of one bitcoin was 7 cents; fast forward to January 3, 2018, one bitcoin is valued at $15,058 at 3:00 PM PST. Seeing an investment opportunity? Investing in Bitcoin and other cryptocurrencies provide an exciting opportunity to invest in an entirely new digital asset class (Initial Coin Offering also known as ICO) with its inherent nature of high volatility, high returns; high risk especially for those who start investing in these assets without learning and understanding the function and value of a specific crypto coin of investment interest. 

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Data Information on my blog/site isn't a monetary venture exhortation. It is planned for general enlightening purposes just and I am not a certified monetary counsel. By utilizing and burning-through data and exhortation from my site/blog, you consent to the Terms and Conditions indicated in this and to future updates of it.