Skip to main content

Posts

Showing posts with the label Iran

Futureproofing: Crypto Remains A Riddle Wrapped In A Mystery Inside An Enigma

Bitcoin is going to (insert 6 or 7 figure number here) by 2020! or Bitcoin is a scam/fraud/only useful to criminals/going to zero in 2020! Digital currency is the future, like it or not (I prefer the anonymity of cash, myself). Whether Bitcoin or any of the thousand or so other crytpocurrencies will survive central and commercial banks developing their own digital coins remains to be seen. In the meantime, the major cryptos remain actively traded. But how does one trade an ephemeral yet seemingly permanent asset? It doesn't help when articles like this appear on the same website, on the same day: Bitcoin and crypto in general rose in price during the recent US/Iran exchange of hostilities, but that doesn't necessarily make it a good hedge against chaos, as price fluctuation is a mainstay of crypto at this time. As always, invest only what you can afford to lose, should you decide to enter the market. And, as always, what your reading is merely opinion and not to...