Trending
​
Top Tags

Fueled by mistrust of central banks and uncertainty about the debt-laden future of the United States, the ongoing surge in prices for cryptocurrency will likely continue for now, market experts told Just the News.

The price of one Bitcoin, the most valuable of the cryptocurrencies, shot up from $9,876.23 on Feb. 16, 2020 to $49,133.33 Tuesday, a far cry from the mere $123.65 recorded on Oct. 1, 2014, the earliest date available on the CoinDesk, a news site specializing in bitcoin and digital currencies.

CoinDesk reported the price of Ethereum, another cryptocurrency, stood at $1,778.92 on Tuesday, compared to $267.35 on Feb. 15, 2020 and just $1.69 on Aug. 13, 2015, CoinDesk’s earliest recorded date available. 

Mitch Roschelle, founding partner of Macro Trends Advisors LLC and a former partner at the financial services giant PwC, told “Just the News AM” television program Tuesday that cryptocurrencies were first created because of a sense of distrust of central banks and their ability to print money. 

“So they wanted to basically have a currency that was locked in a box that prevented more from just being printed to devalue the currency itself,” Roschelle said. 

“A lot of the speculation” driving the recent rise, Roschelle said, “came from people who believe that the dollar, the Euro, the yen, the yuan, are inherently flawed because those central banks can print money.”

(Read more)

On By Admin

You may also like

How Crypto Works?

One of the key aspects of the chain is its immutability. It is not possible to alter or delete transactions.

Why Is Crypto Down? The Truth.

Cryptocurrencies have experienced a significant decline in value over the past year. There are several significant reasons why the market has experienced such a downturn. Let's take a look the truth on why crypto is down.

Kraft Heinz CEO says people must get used to higher food prices

The head of food manufacturer Kraft Heinz says people must get used to higher food prices. According to Kraft Heinz CEO Miguel Patricio, the company is “raising prices, where necessary, around the world.” His comments follow a spike in energy and raw material prices alongside supply chain issues around the globe – prompting companies to increase prices.

Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change

Now, in case someone is still confused, none of these institutions, and not a single of the erudite officials running them, give a rat's ass about the climate, about climate change risks, or about the fate of future generations of Americans (and certainly not about the rising water level sweeping away their massive waterfront mansions): if they did, total US debt and underfunded liabilities wouldn't be just shy of $160 trillion.
There is something wrong with Feed URL