R.I.P OLD GUARD: Crypto Plants Flag – HUGE UPDATES!
One thing I love about the Bitcoin revolution is that it will defeat the banks’ monopoly over credit and currency without firing a single shot. Think about how unique it is that a technological advent is able to muscle out the world’s most powerful institutions without shedding blood. Nothing could be more remarkable.
In this case, technology is the weapon: it’s a global dynamic; Bitcoin creates more entrepreneurs, more jobs, and more millionaires. China tried to suppress it but couldn’t – they only ended up losing business and money to other countries like Japan, where the government declared Bitcoin a national currency.
It’s also taking hold in America, where established financial institutions are recognizing the unstoppable force of the blockchain movement. Case in point: the Chicago Mercantile Exchange (CME) announced that they’re launching options on Bitcoin futures in the first quarter of 2020 – a sure sign that crypto is as legit and accepted as any stock, commodity, or currency!
This will be explosive; the options market is enormous. Bitcoin futures have been incredibly successful ever since the CME introduced them in December of 2017:
- 20 successful futures expiration settlements
- Over 3,300 individual accounts
- 7,000 contracts traded per day on average in 2019 so far
- 56 large open-interest holders in July
Options on futures across have an average daily volume of 4.3 million in 2019 year-to-date, so expect a flood of money to come into the cryptocurrency space in 2020.
You won’t even have to wait until 2020 because there are already exciting developments in crypto as Ethereum is leading the comeback and suddenly turning massively bullish:
Bitcoin and Ethereum investors worldwide will benefit from multiple catalysts on the horizon that will bring a mountain of capital into crypto:
- VanEck and SolidX are preparing to roll out a Bitcoin fund targeting institutional investors
- Large-scale clients are already depositing $200 to $400 million in crypto weekly into the Coinbase Custody product
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The IRS, meanwhile, is trying to clamp down; they even paid a firm $2 million to ferret out tax cheats, though this has proven to be a complete waste of taxpayer money.
Besides, cryptocurrency investors are fighting back with tools like ZenLedger, which makes it easier to fill out tax forms and stay fully compliant. It’s going to be tough for the IRS to come after crypto investors as technology, once again, provides solutions and keeps an intrusive government at bay.
Smart crypto investors are also outsmarting would-be hackers with anti-theft strategies: keeping your assets in a secure external hardware wallet, using two-factor authentication, and storing passwords offline are essential steps in keeping your digital assets – and your identity – secure.
World governments also hate that crypto is anti-inflationary. Their fiat-based systems are failing and they can’t deny it anymore:
- Total emerging markets debt is now up to $69 trillion
- Argentina had to borrow $56 billion in emergency funding from the IMF last year
- 56% inflation rate in Argentina in 2019
- Zimbabwe inflation rate reached 300% last year
- Venezuela inflation rate is 135,000% in 2019
The old guard is losing its grip on the monetary system – the blockchain solves inflation problems and keeps users’ funds out of reach of hackers and intrusive governments.
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.Please read our full disclaimer at PureBlockchainWealth.com/