The Trend For Cryptocurrency Is Much, Much Higher. Here's Why. By Gregory Mannarino

For years I have been talking publicly about the capital markets, debt markets, gold, silver, crude oil, etc., I have also addressed cryptocurrency on my YouTube blog several times, and in doing so I have built a loyal following of many tens of thousands from all over the world.

I would like to use this blog as a platform to elaborate on how I actually feel about cryptocurrency, as there are many who have some distorted perspectives on my actual views.

I believe that most of the confusion that people have with regard to my personal feelings about cryptocurrency is this. When Bitcoin first hit $1200, I had publicly told people to dump it. Soon after I made that comment, Bitcoin took a plunge but did soon recover. When I told people to "dump Bitcoin," I was looking at Bitcoin as a trade, and my call as a trade (not an investment) was correct. Many people believe that when I was publicly telling people to dump Bitcoin, that that meant that I did not like it, but this is simply not the case.

As we know, Bitcoin was the first decentralized cryptocurrency coming out in 2009, and since that time we have seen many other cryptocurrencies also become a popular alternative to fiat currency, Steem being one of them. I firmly believe this trend to cryptocurrency is not only going to continue, but get much, much bigger.

So to clear up any confusion with regard to my feelings on cryptocurrency as a whole, I fully believe and support them. I frankly do not support or believe in the sustained value of any current fiat currency, and this includes the US dollar.

All fiat currencies are unbacked liabilities being disbursed by bankrupt governments.

What we must all understand is every fiat currency is nothing more than a debt instrument, and as most of you know who follow my work, I hate debt instruments. We also understand that we are now existing in the largest bubble the world has ever seen, this is the current debt bubble. I firmly believe that people need to diversify out of all fiat currencies as world central banks have no alternative but to continue to inflate and inflate and inflate the current global debt bubble even larger than it currently is. What the general public does not understand is simply this: the current debt bubble is not sustainable, and at one point, "the point of total debt saturation," we are going to face a moment when this debt bubble bursts. When the debt bubble does burst, at that point of total saturation, will have a global, devastating debt crisis, a fiat currency crisis in fact, which will leave those who are holding it desperate and destitute.

So in summary, I do believe in cryptocurrency. I also believe in any asset that is not debt based, which for most of you that follow my work already know includes physical gold, and physical silver.

I still affirm that in my opinion physical silver is the most undervalued asset on Earth at this time.

Gregory Mannarino