There is a lot going on in the cryptocurrency world. There are predictions that the crash is coming this year in 2018. Now that cryptocurrencies are getting a lot of attention, the common man is jumping on board fearing not to lose out of a golden opportunity once in a lifetime.
People who are saving gold and silver as preparation for the worst to come and would not think of investing in cryptocurrencies, have now changed their minds.
Since Bitcoin was first traded on the future market last winter 2017, it lost its high rise of almost $20,000 and is now trading at $10,855.30 (17-01-2018 – 9:55) on the Cryptocurrency Market Capitalization.
More than half of the total 21.000.000 Bitcoin supply is already mined.
Governments are trying to destroy Bitcoin or introduce their own centralized cryptocurrencies or tax Bitcoin, which in fact is not taxable if it is still in one’s wallet.
The US is working hard to develop a Fedcoin because according to the chairman, ms Yellen, in a meeting with Congress said that the Federal Reserve System has no authority to supervise or regulate Bitcoin in any way because there is no central issuer or network operator to regulate Bicoin.
The US Government is awarding $7 billion for the the development of a Fedcoin.
This means that soon societies will be cashless!
Joyce Herry @mipublishing