CRYPTOCURRENCIES
FX
new industry called “blockchain” but rather as a 40-year observer and interpreter of market events. I am adamant in my conviction the just as central bank largesse is responsible for the asset bubbles popping up around the world, it is also the impetus for Bitcoin. More importantly, just as the turning of the leaves and the southern flight of flocks of geese are harbingers of fall and winter in the northern hemisphere, the emergence of alternative currencies replacing gold and silver as monetary sanctuaries is an underscored harbinger of the acceleration of the decomposition of the modern fiat currency regime. For traditionalists such as I (meaning “old and stubborn”), I shall opt for the certainty of possession as it pertains to physical gold and silver and the preservation of wealth. I leave this infatuation with digital havens to the younger and more daring but young or old, the message contained in the Bitcoin phenomenon is far more important than directional accuracy or investment merit. It is an omen of change in a manner far more important than the arrival of the internet or putting a man on the moon.
Think “Venezuela”. . . Michael Ballanger
Precious metals expert
Streetwisereports.com
FX TRADER MAGAZINE January - March 2018 55
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