Is the Bitcoin and are crypto currencies a real currency, or rather a value storage vehicle? Or a safe-haven alternative to paper currencies, like gold already is? The digital gold of the future, in a sense? Marc Friedrich spoke about this in the following interview (german). More than interesting is the excerpt shown from the speech of a US member of parliament on the subject of Bitcoin and crypto currencies. The Bitcoin endangers the supremacy of the US dollar, for example because it`s the currency in which oil is traded. The supporters of crypto currencies wanted to deprive the USA of the power of the dollar. Then it would no longer be possible to enforce sanctions against Iran, for example. It is about the disempowerment of the USA.
If you can learn something from history, then that human beings learn nothing from history! From the history of speculative bubbles one knows that people have repeatedly borrowed to enter an already very hot speculation […]
There’s another violent crash with the cryptocurrencies today. Bitcoin is now well below $10,000, Ethereum is now battling with the 800 mark, Ripple is now battling below the $1 mark. So there seems to be […]
Central Bank of Central Banks launches official war against cryptocurrencies, the “parasites of the financial system”
That’s no exaggeration! It´s a true declaration of war, if you want to use this word in the financial sector. The Bank for International Settlements (BIS), which acts as the central bank of the central […]