WHY BITCOIN IS THE MOST DESIRABLE ASSET

WHY BITCOIN IS THE MOST DESIRABLE ASSET

Today let’s talk about why Bitcoin is the most desirable asset on the planet.

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0:00 Intro
1:51 Fan Email
3:30 MOST DESIRABLE ASSET
4:24 Global Adoption
5:29 Illiquid Supply
9:32 Monetary Good
11:18 Cathy Wood
12:58 ETP | Switzerland
14:33 Q&A

🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

#bitcoin #btc #crypto

The explosive growth of cryptocurrency and blockchain technology has caused a speculative frenzy. The Foundation for the Study of Cycles, a nonprofit that studies recurrent patterns in economies and cultures, says that more big players are validating the potential of this emerging technology. The crypto space is in its early days, so XRP and other top coins could be considered a “short-term” trend. However, many are skeptical that the cryptocurrency hype will last.

Many financial experts suggest investing only a small portion of your portfolio in crypto. While many financial planners recommend 1% to 5% of your portfolio, the crypto market is incredibly volatile, and prices can fall or rise dramatically overnight. The price of Ethereum, for instance, is forecast to end the year between $4,000 and $4,500, but this will depend on several factors. So, don’t get carried away by the hype. Instead, prioritize emergency savings and debt payoff.

The best coins for investors include Binance Coin, Tether, and Litecoin. These coins are issued by the company Binance, and they allow users to transact in traditional currencies. They reduce the volatility of other cryptocurrencies, while providing a stable, private environment for transactions. For example, Litecoin can be used to make payments to companies, while Tether can be used to buy goods. Ripple, on the other hand, is a platform for cross-border transactions. A stablecoin uses a trustless mechanism to facilitate payments.

In addition to the risk of being scammed, crypto investments are not for every investor. They are risky, and should only represent a small portion of your overall investment portfolio. Using a common guideline, no more than 10% of your portfolio should be allocated to this type of investment. First, shore up your retirement savings, pay off your debts, and diversify your portfolio with less volatile assets before stepping into the crypto market. Cryptocurrencies are legal in the U.S., although China has banned them. However, their legality is dependent on the country you live in.

A cryptocurrency can be classified as a value token or a commodity. Some of them can be exchanged for cash, while others can be traded as derivatives based on their future value. Moreover, some coins use a process called mining to verify the legitimacy of transactions. When computers solve a complex puzzle, they are rewarded with a newly created cryptocurrency. This method is more expensive, but it has a smaller environmental impact. And it is possible to trade cryptocurrencies for commodities based on their expected values.

When used correctly, crypto can be a valuable tool for businesses. When properly used, it can accelerate payments and improve transparency. However, it is essential to ensure that employees responsible for crypto transactions are not allowed to make outgoing payments from a crypto address. Additionally, it is critical to establish policies and procedures for dealing with customers’ deposits, and to avoid making any unauthorized transactions involving crypto. So, be prepared for the unexpected. In the midst of this crypto craze, companies should educate themselves on the risks and benefits of using crypto.

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