Sep 16, · Bitcoin has a market cap of over US $ 1 billion, making it a good contender in Cyprus, where its monetary base is billion dollars. However, for bitcoin to facilitate imports in these emerging markets, it will need to have more liquidity. Besides, it will need to . Nov 20, · Bitcoin Is Now Better Money Than Many Emerging Market Currencies | Crypto Briefing Bitcoin is building a strong use-case as a medium of exchange for global transfers. Shutterstock cover by Calvste Key Takeaways Bitcoin’s volatility and price action are comparable to and even better than many emerging markets. Bitcoin ranks 16th and 30th, respectively, in [ ]. Nov 20, · The one-year volatility of Bitcoin is low compared to emerging currencies. Emerging countries are those that resemble many developed countries but fall short on a few metrics. Many economists also use the term “emerging markets.” Examples of emerging markets include China, Brazil, South Africa, India, and many others.
Bitcoin vs emerging marketsBitcoin Rally Isn't Just Institutional Driven, Emerging Markets Are Voting For Revolution
However, retail volumes in emerging markets have tripled in the last month alone, and are tending at new all-time highs. One crypto firm CEO claims that this is a sign that citizens in these countries where their money is a lot weaker than the dollar are voting with that money for a better financial system — one that is built on Bitcoin.
Bitcoin is the answer , is a phrase thrown around for nearly everything, to the point where it is often used as a joke or a meme. But considering all the critical world issues the cryptocurrency addresses, it is the first serious chance at a major societal change in terms of the monetary system. Bitcoin is indeed the answer to the problem long plaguing money. There was once upon a time when the dollar was pegged to gold , but when that was done away with in the early s, dollars have been a vehicle for inflation and control forevermore.
But even gold has met its match with Bitcoin. In a digital era, and during a time when scarcity matters more than ever before, Bitcoin again, is the solution to a safe haven that is showing its age.
Futures interest and fund flows show that institutions are reallocating gold into the first-ever cryptocurrency, moving the needle significantly. The executive says that these markets have tripled in volumes and are at all-time high levels, and this has all happened over the last month when the breakout took place. Bitcoin is again the answer. The fixed supply and inability to be confiscated or stopped by a third party make Bitcoin the non-sovereign currency of the future that the world needs.
But as Ray Dalio has recently outlined in his writings this year , every monetary empire eventually falls, and it is always due to the ease at which the empire has had it. With Americans especially, having it so simple for much of its history on the back of the dollar being the global reserve currency, the country could be the blindest to the dramatic shift in the monetary system that is underway.
I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally — to future generations.
My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution.
While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.
It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me.
Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
Image: NinjaTrader 8. At the moment, both Bitcoin and EEM look poised for rallies, but their respective timing and durations are, of course, unknowable. An obvious tipoff of an emerging rally is the appearance of wide-range breakout price bars and above-average trading volumes. If you plan to buy either market, be sure to keep your per-trade risk small, at 2 percent of your account value or less.
Consider balancing out your cryptocurrency investment portfolio with a variety of other non- or inversely correlated financial instruments such as gold, tech stocks, real estate, and emerging markets stocks. You may not get the thrill of seeing your Bitcoin-only portfolio rally by percent well, someday.
However, neither will you suffer the horror and dismay of another 85 percent Bitcoin drawdown, even as other asset classes appreciate in value or experience only minor declines. Playing good defense is what wins the big games in the sports world.
The same is also true in the game of intelligent investing and financial market speculation. All data via TradingView. Commissions, slippage and stock dividends not factored in.
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