WHY YOU REALLY REALLY CARE ABOUT CRYPTO (EVEN IF YOU DON’T KNOW IT YET)
Crypto is actually the first new kind of money in hundreds of years, though we have already been moving in its direction since the adoption of digital cash in the 1990s. Built on blockchains, which are online accounting ledgers that lock information into an immutable chain of data, crypto will be adopted by most retailers within two years. Whether you are buying a hamburger or a house, crypto transactions are coming to every industry, so the faster you learn your way around the basics, the easier it will be for you to accept crypto in your own business and feel comfortable doing so. Crypto is actually the first new kind of money in hundreds of years So is it safe? We've seen everything from famous people to governments hiding their money. I always tell people: you can't lie to the blockchain. For example, in the largest ransomware attack to date, the US Justice Department was able to recapture over 80% of the stolen crypto within a month, while a cash heist would have been unrecoverable. For now
,crypto is still a little bit like the Wild West, with only plans for regulation but scammers galore. Remember that this is the equivalent of the internet in 1995, with just 10% adoption. It’s going to get both safer and more mainstream each year, until it hits a tipping point. Most importantly, bitcoin (and some other cryptos as well) is decentralized. It literally belongs to no one, and therefore, cannot be killed off by any government. It was created as an alternative to ailing currencies, and its fierce advocates see it doing a terrific job. Even at its current price, approximately 70% lower than its all-time high, bitcoin has still beaten gold as a store of value year after year, except (so far) 2022. For now, at least get educated, and maybe get excited! We are at a powerful moment living through money history being made. Financial leaders from Cathie Wood to Greg Foss to Mark Cuban anticipate bitcoin pricing between $500K to $1M per COIN. Even a small investment at today’s value is a great hedge against an unknown future for fiat.
Contributed by Halle Eavelyn
In a Transformational Wealth Coach, I often get asked these days, "What is crypto?” Or the next likely question, “Is crypto safe?” And while I always tell people to do their own research and I never give any financial advice, there are some important basics we all need to learn, SOON. And if you’re in wealth-building mode, you want to begin to study what I believe is the future of money. my work as Like everything else, money goes in cycles. Fiat is currency backed by nothing; every government currency is now fiat, and the average lifespan of any fiat currency is only 27 years. It is important to realize the flipside of this stat: the US dollar, the British pound, and indeed all paper currency, are reaching the end of their life cycles. You can witness this with rampant hyperinflation, and the fact that we have printed over 80% of all currency in circulation in the last two years. If you study ancient currencies, this looks a lot like what happened right before the fall of Rome. Cryptocurrency, already 13 years old, is expanding for a much longer run. It started with bitcoin (which, unlike fiat, is deflationary) and has grown from there into thousands of different tokens.
Halle’s
podcast
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GoddessofCrypto.me or download her gift, The New Energy of Money, at HalleMoney.com
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