The Triumph of Cryptocurrency

in #cryptocurrency6 years ago (edited)

The End of Banking as We Know It!

Dear Reader,

Last month, we shared a letter by Christine Lagarde, head of the International Monetary Fund (IMF), where she acknowledged that cryptocurrency could potentially eliminate the need for central banks and government-issued currency.

It's a remarkable statement coming from someone in her position, and it's something we couldn't agree more with.

The blockchain itself is going to be implemented throughout the world, much like the personal computer in the 1980s/1990s and the Internet in the mid-1990s.

What seems like a small movement now will see a tipping point over the next 3 years.

The Department of Defense, Homeland Security, and some of the largest corporations on the planet are already beginning to use and upgrade their communications systems to blockchain technology.

Here are some key statements from Christine Lagarde:

"Why might citizens hold virtual currencies rather than physical dollars, euros, or sterling? Because it may one day be easier and safer than obtaining paper bills, especially in remote regions. And because virtual currencies could actually become more stable."

"Consider the growing demand for new payment services in countries where the shared, decentralized service economy is taking off. This is an economy rooted in peer-to-peer transactions, in frequent, small-value payments, often across borders."

She went on to note the high cost of banking and credit card fees for small transactions that cross borders, saying that these high fees would make cryptocurrencies more preferable.

"Citizens may one day prefer virtual currencies, since they potentially offer the same cost and convenience as cash – no settlement risk, no clearing delays, no central registration, no intermediary to check accounts and identities."

And lastly, she summed up the future perfectly in this statement:

"Virtual currencies are in a different category, because they provide their own unit of account and payment systems. These systems allow for peer-to-peer transactions without central clearing houses, without central banks!"

No investment is more important today than blockchain tech, in our opinion.

We suggest owning Bitcoin and Ethereum directly by setting up a Coinbase.com account.

If you're looking to help build and power blockchain tech, consider becoming a shareholder in our #1 stock suggestion: HIVE Blockchain Technologies (TSXV: HIVE & US: PRELF).

I've never been so confident about a single investment that my partners and I have personally made HIVE our largest single position.

On September 18th, we predicted that HIVE could potentially become the go-to stock for institutional investors, and in our analysis, this is coming to fruition.

HIVE has raised CAD$88 million in three financings, two of which were headed up by GMP Securities.

They were also just included as one of five select holdings in the Reality Shares Nasdaq Blockchain Economy Index, which is designed to measure the returns of global companies that are committed to blockchain innovation.

To invest in blockchain tech, consider buying shares of HIVE!

Best Regards,

Daniel Ameduri
**President, ** FutureMoneyTrends.com

Editor's Note: I am long HIVE Blockchain Technologies.

Written by Daniel Ameduri for Future Money Trends 2017-11-21

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