hello folks you have reached the
cryptocurrency portal and today
we're going to go over a bunch of
information about bitcoin in the
cryptocurrency space
so let's get right to it together first
you can see this first
article it says banking giant dbs hails
bitcoin and cryptocurrency's brave
new frontier in sweeping report on the
future
of finance so let's get into this
together but first off i want to do a
quick housekeeping
issue is that we have started a
newsletter
and if you would like to sign up for our
daily newsletter about the
cryptocurrency space
i have provided a link in the comment
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comment so check that out it's free to
sign up and we send out
uh just in general information about the
crypto space overall
so with that said dbs is the singaporean
banking giant has just released an
in-depth report on the buzz around
bitcoin the future of cryptocurrency and
the
impact of digital assets on traditional
finance
what's interesting about the word
bitcoin sometimes it's just a
generic term that's used for all
cryptocurrencies and
overall so the 28-page report describes
the growing demand for crypto assets
and the advantages they offer in a
digital world
now here's the quote call it speculative
precautionary or simply a part of
portfolio diversification
digital currencies have captured the
investor
zytus ever since central banks around
the world
embarked on unprecedented expansion of
their balance sheets to combat the covet
19 pandemic related
economic headwinds interesting
cryptocurrencies along with gold
has research that's so true folks i have
so many friends that may not dip their
toe in the cryptocurrency space
but they're worried about the country
the united states specifically
just continuing to print more and more
money because maybe they had to
but they've always been doing this and
this is not going to end well
long term so people are starting to look
for other avenues for their money
where it's a safe haven bitcoin
cryptocurrencies
stable coins um it's gonna be
one of these areas and you know more and
more people are gonna get involved and
the average joe
is gonna start looking around and
getting involved i've actually done a
couple videos about how to get the
average joe involved one is it just
needs to be easier for the on and off
ramps
let me know in the comments section
below what you think about that and what
do you think it will take for the
average joe to get involved
but yeah i've done a couple of videos
about that and even i did more about
mark cuban and his thoughts on
on bitcoin in general and how he thinks
you need to make it easier for the
average person as well
all right so continuing the report also
highlights
increasing efforts by central banks to
play
catch-up and offer digital versions of
cash so cbdc's
so that's going to be big folks a lot of
countries like china specifically is
moving forward with digital
currencies they're going to digitize the
yuan in china united states
is falling behind so i've done some
videos about cbdc's and the digital
dollar project
in the united states so i'll put links
in the comments section below on that
as well enough of that the report it
highlights a survey of 66 central banks
conducted by the bank of international
settlements
which found that 80 percent of central
banks are exploring
central bank digital currency so they
are exploring it which means a high
number of that 80 percent is actually
gonna do it
central banks have led the way in money
creation through digital means for over
half a century today they are once
troubled and intrigued by the innovation
expansion taking place in the financial
technology monetary authorities are
catching up
keen to maintain control over money
supply and transactions
private sector digital currencies after
meeting with a great deal of skepticism
from the official sector
have found traction although are by no
means fully set with respect to
standards regulation
and acceptance it's so true the big
piece of what was just said there is
just regulations
the united states is going to fall
behind if they don't put the appropriate
guard rails and for regulation
because without the appropriate
regulation the institutional investors
and the average joe they're not going to
put their money in the space
and if that doesn't happen innovation
doesn't happen and all the innovators
and the capital will get out of the
country so the united states
needs to get going or they're going to
fall behind
the report concludes that cryptocurrency
is here to stay in cash as well as
traditional forms of finance
will not become obsolete anytime soon i
think that's so true
cryptocurrency is here to stay
absolutely it'll continue to gain
traction
and market share so to speak uh but cash
is not going to go away i know a lot of
people are saying oh it's going to
replace cash maybe it will
over time but there's just so many
people that still have cash it just
takes
decades in order for it to be fully out
of the system
as well as other forms of traditional
finance so it's going to be a long
period of transition but it will be a
transition
the point the quote here is there is no
point of no return for public and
private digital currencies
both remain brave new frontiers with new
use cases
technological developments and
challenges appearing regularly
globally the trend is toward reducing
cash dependence but the momentum
varies widely across countries and
within societies
having been around for more than a
decade private digital currencies or
cryptos
have moved from the domain of marginal
individual investors to being offered in
regulated exchanges
and traded by sophisticated
institutional and retail investors
the appeal of cryptos has begun shifting
from privacy and anonymity
sometimes that's worries regulators i
get it towards convenience and security
the demise of cash is however nowhere in
the horizon
and sovereign rights over money matters
are not going away either
dbs is the second largest bank in
southeast asia and currently has a
hundred and seventy billion dollars in
assets
under management so let me know in the
comment section below what you think of
that
all right check this out this went viral
satoshi nakamoto who
obviously was the creator whoever he
she or it was or what group it was
satoshi nakamoto
uh was the creator of bitcoin
and that was the genesis of the crypto
regulation uh
revolution and i've actually done a
video about satoshi nakamoto and his
original white paper i'll put that in
the comments section below as well
but one of his biggest arguments for
bitcoin has goes viral as top
crypto tackles yearly high so satoshi
nakamoto's
biggest argument for the existence of
bitcoin is going viral as the crypto
king
takes another shot at this year's high
because it's around 12 000
per coin now the reddit user sly walkers
posted a screenshot of one of nakamoto's
early emails to a cryptography
mailing list which shows why the
mysterious bitcoin creator
believes the peer-to-peer electronic
cash system can be revolutionary on a
global political scale
and you here it is let's see if i can
see a date on it i can't see a date
but there were 131 comments okay here is
you will not find a solution to
political problems in cryptography
yes but we can win a major battle in the
arms race and gain a new territory of
freedom for several years
governments are good at cutting off the
heads of a centrally controlled networks
like napster
but pure peer-to-peer networks like
cutella and tor
seem to be holding their own satoshi all
right
the post quickly surged and earned the
top spot on
subreddit um the cryptocurrency
subreddit at the time of this writing
so go check that on reddit we have a
reddit page too if you want to check it
out
there's a link in the description area
if you want to check that out
but on reddit this one gained a 1507
probably karma points
and 131 comments so in a subsequent
email the bitcoin creator explains that
he had to first complete the btc code
and make sure that it would work before
he wrote the white paper huh interesting
i appreciate your questions i actually
did this first and or
this kind of backwards i had to write
all of the code before i can convince
myself that i could solve every problem
then i wrote the paper
i think i'll be able to release the code
sooner than i could write a detailed
spec
interesting the way he thinks i actually
kind of think that way too you have to
kind of play with it first before you
can write out the thoughts
and after you see it in in in process
and in a working model so to speak then
you can kind of write it up
um so that's cool so that was his
original bitcoin white paper so from
2008 so it's almost 12 years old now
and again if you want to check out his
original white paper i have i have a
link in the comment section below to
that discussion about the
the bitcoin white paper and again was
the genesis of the entire crypto
revolution
so nakamoto's bitcoin white paper is
free of politics
but indicates that he created the top
cryptocurrency to remedy flaws in the
traditional banking system
the quote here is commerce on the
internet has come to rely
almost exclusively on financial
institutions
serving as trusted third parties to
process electronic payments
while the system works well enough for
most transactions it still
suffers from the inherent weaknesses of
trust-based
model completely non-reversible
transactions are not really
possible since financial institutions
cannot avoid mediating disputes
the cost of medication increases
transaction mediation
increases transaction costs eliminating
the minimum
practical transaction size and cutting
off the possibility for small
casual transactions and there is a
broader cost
in the loss of ability to make
non-reversible payments for
non-reversible services
what is needed is an electronic payment
system based on
cryptographic proof instead of trust
allowing any two willing parties
to transact directly with each other
without the need of a trusted third
party
transactions that are computationally
impractical to reverse
would protect sellers from fraud and
routine escrow mechanisms could easily
be implemented to
protect the buyer very interesting so
again let me know in the comment section
below what you think of
this post that they highlighted on
reddit what do you think of
satoshi nakamoto's white paper and just
what do you think in general all right
continuing along this is where we get
into some of the analysts
and what they're thinking based on price
you know we don't price predict on this
channel we don't do
headlines for clickbait in order to get
more views
but we do like to discuss price
predictions not
necessarily to know where the price is
going to go even though that would be
cool
it's just kind of drilled down and kind
of
think like one of those analysts where
i'm not a technical analysis or charts
person but it's interesting to
see and hear what they think because
sometimes these guys have very
short-term outlooks and you you know if
their price
prediction comes true or not um so let's
kind of go through this it says
former goldman sachs hedge fund mana
raul paul
says bitcoin is seriously undervalued i
agree
the ceo of real vision and global macro
investor who predicted the 2008
financial crisis is explaining why he is
making a long-term
bet on the leading cryptocurrency he
says
bitcoin's recent breakout from a
symmetrical triangle dating back to late
2017 is just the beginning
his quote is i like to get the texture
of a move by looking at the long term
chart bitcoin is a stunner the monthly
chart has only just broken out this
month
it is a long way in time and price to go
and in long
long terms it's barely broken out yet
super super early days for what is
likely to be a very big move as
institution finally follow what retail
btc investors have known all along
that this is the future and it's widely
underpriced so
interesting quote vero unpacket that
means in order for institutions to get
involved with
big big money we need the regulations
because they probably have
due diligence of the wahoo that they
need to follow
so once the regulatory guard rails are
in place
by the regulators and the congress
institutional money will flow
and then that'll most likely again we're
not price predictors here but most
likely we'll drive the price up
although he's very bullish on btc um
powell says he's also betting on
ethereum
and and he thinks it will outperform btc
in the near term
hey you know what there's gonna be a lot
of players that succeed
in this crypto space i know there's what
three four thousand coins ninety five
percent of them are going to fail
but there's going to be that handful
like 10 15 maybe 20
of these coins that will succeed
based on their teams based on the
product based on their use case and what
problem they solve
you know it's gonna it could be probably
bitcoin ethereum
uh ripple with xrp their digital coin so
there's that top
15 or 20 those are the three big ones
there
that will probably succeed quote here is
i like both but i'm personally adding to
btc and not to gold
and have a much larger weighting i also
like ethereum which could continue to
outperform btc for a while still
earlier this year powell said bitcoin
has the potential to surpass
1 million dollars in the next three to
five years calling btc the biggest trade
of our lifetimes
all right so let me know in the comments
section below what you think of this
analysts
thoughts all right this was really
interesting
not just because of this huge headline
but how much it cost
so 243 million dollars in
bitcoin transfer turns heads as one of
the wealthiest crypto whales on earth
awakens
so that's kind of earth shattering there
a huge bitcoin transaction is causing a
stir among
crypto traders a big time anonymous
crypto trader
just moved all the bitcoin in one of the
richest wallets
in existence sending 19
722 bitcoin worth 243 million dollars
for a fee of 139 bucks that's amazing
how much that was moved forward how
cheap it was to move that much
bitcoin so i i want to bring this up
again
it's 243 million but how cheap it was to
move
the money the transaction was first
cited by whale watching
bot whale alert so follow them on
twitter if you'd like to
watch these kind of whale watching
transactions happen definitely check
them out on twitter
the sending wallet which first receives
the bitcoin back in december 2018
was ranked as the 37th biggest btc
address in the world prior to the
transaction wow
they have 243 million in bitcoin and
they're only the 37th biggest
wow there's some even bigger whales out
there
according to the latest blockchain data
the whale moved the bitcoin to an
empty btc wallet the receiving wall
then redistributed the bitcoin and a
flurry of different addresses
in 195.2 bitcoin
chunks with the exception of one address
which was sent
and even 200 bitcoin interesting they're
probably gonna
they're setting them up to sell them and
tranches is probably what they're gonna
do here
so far the cryptocurrency does not
appear to be heading to any known crypto
exchange
addresses where it could be sold on the
open market since none of the addresses
have been identified it's unknown
if the btc belongs to an early investor
or an institution managing large sums of
crypto
data from the crypto analytics firm
glass node shows the number of bitcoin
whales in existence
has been on the rise since january
hitting a peak last
last seen in september of 2017. all
right so let me know what you think
about that
let me know your thoughts on how cheap
it was to move 243 million
i think that's a use case in itself and
how cheap it is to move
money in this case bitcoin around all
right tone vase
big in the bitcoin bitcoin maxi
tone vase new bitcoin bull cycle is here
with bitcoin targeting 50 000 here's
when it could happen
again we don't price predict here but he
is a veteran trader he's big on twitter
um he's very knowledgeable in this space
and he's a crypto strategist
um he's no longer a bitcoin bearer on
the episode of trading
the market so follow him on his podcast
he says bitcoin appears to be headed
towards
50 000 listing a number of catalysts
that could fuel a long-term
bull run his quote is i think the
biggest factor was that
big capitulation in march the big crash
is what i was waiting for this year
to finally reset bitcoin not to mention
the big shutdown is scaring a lot of
people and right now the government is
printing money for everyone
because they don't know want riots on
their hands but after that
the government is going to be broke and
they're going to be taxing people to
death in order for cities to continue
functioning they says he will he still
believes btc will
soar to 50 000 sometime next year
since the pull big pull back in march
bitcoin has gained over 140
000 excuse me 140 percent bottoming just
below 4 000
and then recovering for a now five month
bull run
vase says investors now have a huge
appetite for risk on assets whether it's
bitcoin
gold or that s p 500 because anything
other than government paper looks
attractive as the us
prints money by the trillions
so true wow vase says he categorizes
bitcoin as a safe asset and says a 50
250 million
investment in btc by the technology
solutions micro strategy was the
company's best use of capital
given the current climate so true that
was a huge
transaction micro strategy they were
using some of their
other balance sheet cash that they had
sitting around and they just put it into
bitcoin so good for them for believing
in the marketplace
all right so next strategy called one of
bitcoin's largest crashes predicts
bitcoin will hit a hundred thousand so a
technical trader
who correctly predicted bitcoin's crash
from 11
600 to four hundred last year says
bitcoin's rally to a hundred thousand
is coming but may take significantly
longer to materialize
than some other analysts um expect the
pseudonymous analyst who goes by the
name dave the wave
just released a new projection on where
the bitcoin
may be headed which shows the leading
cryptocurrency hitting the six digit
mark in early 2023 i mean that's kind of
easy to say in the future years just
kind of come up with a number
so if you want to check this out you can
check out his chart you can
pause the video if you want to read that
pause the video if you want to read that
follow him on on twitter if you'd like
so it's interesting to kind of get other
people's thought process and what they
think
bitcoin will do in the future so let me
know in the comments section below what
you think
bitcoin's price will be let's say by the
end of this year
end of next year into the following year
and here's another one where they do a
stock to flow model about the pricing we
won't go over that one but if you want
us positively you can read that yourself
veteran investment executive george ball
flips on bitcoin says it may be time to
buy the
the top cryptocurrency again i will go
through all of these
but you can just see the commonality of
all of these articles people are really
starting to look at cryptocurrency
in bitcoin people are starting to switch
their position
from oh i'll never get involved in
cryptocurrencies to
now they're starting to and now you see
commercials on tv
and banks are able to custody them now
so there's a lot of forward momentum in
the crypto space
so bitpay and coinbase launch an instant
zero fee service for bitcoin ethereum
xrp
bitcoin cash and usdc so i just think
this is big because
it's just another use case for
cryptocurrencies in general
the largest big largest provider of
bitcoin in cryptocurrency payments
bitpay has just modified its services to
allow users to spend cryptocurrency
straight from a coinbase account to
bitpay enabled merchants for
zero fees that's huge folks zero fees
the new enhancement which also
eliminates the need for peer-to-peer
transfers
gives the users the ability to spend a
bitcoin and all these others
and other cryptocurrencies from their
bitpay wallet apps
so far the rollout of this new measure
will apply to all transactions
under a thousand dollars um you can read
the rest of this if you'd like i just
think that headline was huge because
just
more and more use case for
cryptocurrencies in general all right so
this is a fun one
elon musk set aside what you think of
them if it's good or bad
just to set it aside for a second really
unbundle
what they said here elon musk drops
knowledge and wild discussion on the
future of bitcoin and gold
tech titan and spacex chief executive
officer elon musk is endorsing recent
remarks made by
crypto entrepreneurs cameron winklevoss
and tyler winklevoss
that bitcoin is a safer investment than
gold because of near-earth asteroids
filled with staggering amounts of
precious metals
all right so let's stop there and really
think about this it seems
asinine at first but bitcoin has a
fixed supply of 21 million
by the time all the mining has been done
in the in the out year so they can't
create even more
gold is fixed only to the degree that we
can mine it and find it in the ground
however if one day in the future we're
able to mine an asteroid it will
probably bring down the
price of gold now that seems far-fetched
but it's not really
look at what spacex just recently did in
terms of going into space
um they've they've launched their
starlink system which is more for
capacity for around the world for wi-fi
so you can get internet connection
anywhere in the world
um elon musk wants to go to mars so if
they get to that point of
actually mining an asteroid in the out
years
the the supply of gold will go up and
the price will most likely go down
but bitcoin is fixed so
during their meeting with barstool
sports founder and day trader dave
portnoy so follow dave
on on uh twitter he's fun to follow
the winklevoss twin said the scarcity of
gold is an illusion since billions of
dollars worth of the metal exists in
asteroids and i think it's probably
trillions and even quadrillions of
dollars in asteroids
and that elon musk may mine them in the
future and then he says
that's why gold is a problem because the
supply isn't fixed like bitcoin
when portnoy asked musk about his
thoughts on the twin statement the
spacex ceo responded
with a link to an article about nasa's
plans to visit
psyc16 an asteroid with huge volumes of
precious metals
including gold and platinum so dave here
on his twitter page here's an interview
he has with the winklevoss if you want
to go to his page and play this
he asks elon musk's thoughts so elon
responds with that article link and if
you want to read this article yourself
go to elon musk on twitter and
check that out but you can see right
here from the headline it says nasa
heads headed towards giant golden
asteroid
so it's iron a nearby asteroid that
contains enough gold to make everyone on
earth a billionaire not really because
it would crash the price but they're
making an overall point so that there's
a lot of gold on there
if you want to check that out that was
on august 14th he tweeted that out so
check that out
the article indicates that the metals in
the space rock are worth
ten thousand quadrillion which author
harry pettit points out as a amount
large enough to destroy
commodity prices and threaten the
world's economy exactly
portnoy who who previously criticized
bitcoin claims to have bought 200 000
in bitcoin after meeting the twins
following musk's response he says he
wants the lenient
crip leading cryptocurrency to surge to
12 000.
the time of this writing the king coin
is 11 800 according to coin market cap
so it'll be at 12 000
soon let me know in the comment section
below what you think of elon musk's
thoughts on this
all right speaking of the winklevoss
twins
the two of them says they say they've
amassed
2.2 billion crypto fortune
in this in this interview with dave
portnoy again i won't play it for
copyright
uh issues but if you want to check it
out go to dave's
twitter page you can see it's august
13th you can play the
interview it's on youtube as well they
confirmed that they own
one percent of all bitcoin in existence
multiplied by that by the price of this
this article or the price when you're
watching this video
you can see they're worth a lot of money
and of course they they own the
the gemini crypto exchange so good for
them
so according to cbn cnbc the wink of us
twins
bought their huge btc stack back in 2013
for 11 million dollars and their
investment has grown 20
000 in seven years and they probably got
their money as that settlement from uh
from facebook because they uh there's a
whole story if you don't know the story
google it with facebook the winklevoss
twins and mark zuckerberg but
for those that know it know the story
they probably got
that money from their settlement with
them and they've parlayed it into this
huge fortune
so dave portnoy who is a highly
influential day trader with over
1.7 million twitter followers started
showing interest in the king crypto
earlier this month alright so we'll end
there but
i think it's very important because that
dave portnoy isn't
involved because he has 1.7 million
twitter followers
and just getting that information out
anytime that the sports figure
um tweets about it or or mark cuban or
someone like that
it just gets out to the masses and i
know that uh the justin bieber
put something out a while ago in one of
his instagram stories so
i have a couple videos that i've done
about
athletes and performers and acon and all
those people
i'll put those in the comments section
below check out those videos because i
think that's
how we'll really move the needle getting
the information out to the masses
is these these actors and entertainers
just getting that information out
because they have huge platforms
coinbase ceo bitcoin is more trustworthy
than the us dollar all coins are here to
stay that's more that's a true
truer statement than can ever be said
especially lately
coinbase's ceo brian armstrong says he
believes
bitcoin btc the largest cryptocurrency
by market cap
is now more trustworthy than the us
dollar on top of that i bet
we've probably heard and i've actually
done a video about this that coinbase
may be doing an ipo this year or next
year so
they're gearing up so just sidebar about
coinbase
so in an interview on the investment
line the bet like the best podcast
armstrong says the concerns about the
future of the world's reserve currency
are mounting
especially in light of the increasing
economic stimulus and quantitative
easing
amid the covet-induced financial crisis
the short-term effect of that has been
deflationary but if they keep
stimulating
and printing that much money the
long-term effect could be that there's
actually more and more inflation
there's a lot of people out there who
are starting to get this uneasy feeling
what is going on with the treasury in
the federal reserve and does this really
make sense
it seems too good to be true you just
have to print all the money and then
somehow all it's going to be okay
i think they're looking for an
alternative system that they can trust
in cryptocurrency
there's nobody who has their fingers on
the dial
there's only ever going to be 21 million
bitcoin nobody can
go and change that and that so far stood
the test of time
the us dollar they have the feeling that
they do not have the same level of trust
so i will just leave it there
let me know your thoughts on this whole
thing i i tend to agree with it so just
let me know in the comments section
below
all right so continuing the next three
articles i'm just going to show you
headlines just showing momentum in this
space
extreme bitcoin growth in africa is
sending crypto mainstream binance backed
exchange ceo reveals alongside fresh
funding
so more momentum in africa if you want
to pause the video and check that out
feel free
uh bitcoin mining facility with room for
50 000 rigs set to launch in
kazakhstan so just more and more
momentum more momentum
just in the mining space so if you want
to check this out
go ahead and pause the video here and
just check that out
uh the next video this is from forbes
the forbes online portal
digital dollar to be in competition
with bitcoin i've actually done a video
about the digital dollar project that's
happened in the united states
so check that out all right so
continuing along this is the last thing
i'm going to go over in this video it's
about the imf
so you can see the headline here former
imf chief economist says
bitcoin is similar to gold predicts
digital assets will transform the
financial system
uh the former imf chief economist mr
or mrs rajan sees digital currencies
bitcoin and libra playing a greater role
in the financial system once central
banks become involved
in a beyond the valley interview with um
arjun karpal rajan says bitcoin and
facebook's libra
could both provide different functions
in the future of the financial system
when central banks around the world hop
on the digital currency bandwagon
the quote here is so the bottom line i
think is a different these different
private currencies will do different
things and it may be bitcoin has
value going forward just as a store of
value or as a speculative asset
while libra may be the kind of currency
which is used for more transacting
the former governor of the reserve bank
of india likens
bitcoin to gold but says the value of
the king crypto
is mainly derived from speculation in
that sense bitcoin is a little
bit like gold in fact gold has some
value because we
value it for jewelry but bitcoin you
can't even do that
nevertheless it has value because others
think it has value
meanwhile razan believes libra may serve
a bigger role in the eyes of
central banks and the quote here is
libra is an attempt to create a currency
which is used for transaction
and that the whole idea is not to hold
it as a speculative asset
which increases in value but use it for
transactions
so the ultimate underlying value is
going to be from central banks
they're going to preserve the value not
of of libra but of what libra can be
exchanged
into all right so let me know in the
comment section below what you think of
that
and what do you think of the imf chief
economist thoughts are
continuing check this out so speaking of
the imf
on their twitter page if you want to
follow them on twitter it's at
imf news at imf news and real quick
about the imf going to their webpage
imf.org
imf in a glance is the international
money fund
it's an organization of 189 countries
countries folks it's huge working to
foster global monetary cooperation
secure financial stability facilitate
international trade
and promote high employment sustainable
economic growth
and reduce poverty around the world it
was created back in 1945
is governed by and accountable to the
189 countries that make up its
near global membership so that's the imf
at a glance
so check out what they did they tweeted
out on
this date august 23rd if you want to go
check out their page
this little two-minute clip about
cryptocurrency so i'm going to play it
for you
and when we get back on the other side
let me know what you think
when we buy or sell things the payment
is usually processed by a bank
or credit card company problem number
one the companies often take a
cut of the transaction two we have to
trust these companies to protect their
sensitive data from hackers
three most international payments take a
long time
and are expensive to solve these
problems we could use a special currency
that is secure
and based on the science of cryptography
which is a way of protecting information
using mathematics
this special type of currency is called
a cryptocurrency
and only exists in computer networks
when you send someone the special
currency
the money goes directly to them removing
the middleman
and at the same time the transaction is
broadcast to the entire network
and recorded in a permanent way which
means it's almost impossible to fool the
system
costs of making payments are lower
transactions are faster especially
across countries
and even those people around the globe
who don't have bank accounts
can buy or sell goods and participate in
the global economy
however there are some risks the
transactions in most cryptocurrencies
are anonymous some cryptocurrencies can
even be untraceable
this can make it easier for the bad guys
to make payments without being noticed
if you lose your password you could lose
all your money at the moment
cryptocurrencies are highly volatile
they can't process large amounts of
transactions quickly yet
and they're not even widely accepted but
if we can counter the risk then this new
technology or some variation of it
can completely change the way we sell
buy
save invest and pay our bills and who
knows this could be the next step
in the evolution of money
all right folks so let me know what you
think in the comment section below
again i think that's pretty huge with
the imf coming out
and just talking about cryptocurrencies
in general as noted when we checked out
their page they have 189
member countries so that'll end the
video for today thank you so much for
tuning into the cryptocurrency portal i
deeply appreciate it
i appreciate each and every one of you
if you're already subscribed to the
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your thoughts are i'd love to get a
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if you think somebody else would like
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and then lastly as a wrap up again i've
started a newsletter daily newsletter
about the cryptocurrency space i have a
penned
comment in the comment section below how
you
can get involved and get signed up for
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and i'll talk to you real soon
[Music]
you
