Bitcoin As The Ultimate Insurance: Why $11,000 is Just The Beginning

Written by abhay-aluri | Published 2020/08/09
Tech Story Tags: bitcoin | economics | investing | bitcoin-adoption | macroeconomics | inflation | latest-tech-stories | bitcoin-spotlight

TLDR Bitcoin is a reliable e-cash: a method whereby on the internet you can transfer funds from A to B without A knowing B or B knowing A." Bitcoin is the only asset that's fundamentally uncorrelated to the existing political and economic decision-making process. The US has become the highest-producing economy in the world over the last century, its currency has become de facto reserve currency for the world, and the Dollar is a relatively stable and liquid medium of exchange of exchange, and central banks globally have accumulated over $6.7 Trillion in their reserves.via the TL;DR App

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Written by abhay-aluri | Building @joinryze to help you understand and invest in Bitcoin
Published by HackerNoon on 2020/08/09