Author Archives: Bradley Taylor

The Inevitability Of Bitcoin Supremacy

Bitcoin has emerged from the dead so many that it makes Lazarus look lazy. But its critics persist: “Bitcoin,” they claim, is a “bubble”, a “risky speculation with very little chance of ever becoming an established money form.”

However, Bitcoin’s obituarists don’t just make mistakes. They are cast iron, copper-bottomed and 180 degrees wrong. Bitcoin’s success can be considered a certainty, as it isn’t speculation. It’s as certain as any thing in finance.

Why is this so important? As any Bitcoin supporter, my belief in the brilliance of Bitcoin at the technical level is the same as the others. I believe that bitcoin has fundamental value for financial sovereignty. Its ability to transfer wealth over time is what I believe. It is, perhaps most importantly, the best way to survive the current tectonic economic shifts. We are not the only ones who believe in Bitcoin. Everybody, from governments and institutions to ordinary savers to individuals, is now accepting Bitcoin. Despite all the attention being paid to price, Bitcoin continues its rapid and easy adoption of cultural and structural milestones.

There is plenty of evidence to support Bitcoin’s rise as a reserve currency. You just need to look.

The Orange Standard

There are plenty of disquisitions about Bitcoin’s technical brilliance and theoretical genius. You don’t need to look far. I’ll be brief.

Half a century ago, fiat replaced the gold standard. The world’s central bankers and bankers discovered many ways to debase the currency. The latest example of paper money’s flexibility is President Biden’s 3 trillion splurge. As more people are realizing, Bitcoin cannot be inflated. There is a hard limit of 21 million coins. It is impossible to create or print more Bitcoins from thin air.

Other advantages of Bitcoin include the fact that it is digital and does not require any physical infrastructure. There are no vaults, there are no highly-guarded aeroplanes or vans and no Fort Knox. In just a few clicks, you can transfer billions of dollars. The fact that Bitcoin isn’t controlled by a central authority has made any attacks (which have been many) ineffective.

This is the reason why Bitcoin should be the world’s reserve money. Let’s now see why.

The Road to Reserve Currency

It’s already happening so we don’t have to speculate on Bitcoin’s rise as a reserve currency. It is not yet being purchased by governments or issued bonds in BTC. Who says that you have to get approval from the government before you can put funds in a safe place?

Many large public companies have started to convert their fiat funds into bitcoin. Why wouldn’t they? Microstrategy CEO Michael Saylor said that holding cash is similar to sitting on an ice cube. We are already on the way to reserve currency status with businesses like Tesla, J.P. Morgan, and Goldman Sachs opening trading desks and buying large amounts of Bitcoin.

There won’t be a big “Aha!” moment. There will be no big ‘Aha!’ moment when the Fed admits that fiat is a mistake and converts to bitcoin. There doesn’t have to be. Everything will be a lot easier when Bitcoin is adopted by private companies, corporate treasures, and everyday citizens.

Another key driver for adoption is often overlooked. It is often forgotten that politicians can also be people. If they are smart, their financial advisors will urge them to protect themselves against the coming one-world currency, one-world tax system and ever-surveilled economy with bitcoin. As governments continue to condemn bitcoin, while its members own holdings of the cryptocurrency, it will be more obvious that they are hypocrites.

Transition Management

This is not meant to suggest that Bitcoin will be following a single path to hegemony. Our community is divided on how to develop the Bitcoin network: some believe it’s already perfect, while others feel it needs more work on UX, infrastructure, and blockchain-based financial service. The same goes for regulation. Opinions are divided about whether or not bitcoin should be regulated.

All these perspectives are wise. However, bitcoin will continue to develop and it is certain that any attempts to stop it will fail. India and Pakistan tried to ban bitcoin transactions, but were defeated by the courts or by technical difficulties.

Regulators are inevitable, in my opinion. Preemptively aiming for industry-led and sensible frameworks is the best way to go. I hope governments will have constructive conversations with people who are familiar with Bitcoin’s financial and technological characteristics. We cannot delay the inevitable, but we can create a new economy that is compatible with our digitally connected lives by engaging and cooperating.

Regulating Bitcoin is slow and often tedious. We can deliver solutions that work for everyone if we get clarity on how governments will view Bitcoin. Along with other financial experts, we are always ready to interact with regulators and governments so that the inevitable can be achieved.

Bitcoin vs. Ethereum: Which One Is the Right Investment for You?

(Bitcoin CRYPTO.BTC()Ethereum CRYPTO:ETHThe past year has been a rollercoaster ride for cryptocurrencies. The price of Bitcoin has risen by almost 300% over the past 12 months. Ethereum’s value has risen by more than 90% despite the huge downturns they both have experienced in the past few weeks.

It’s a good idea to “buy the dip” and invest in Bitcoin and Ethereum now that they are less expensive. What cryptocurrency can you use to get more for your investment dollars if you don’t have enough funds? Here are the facts.

Bitcoin: The case

Bitcoin is one the earliest cryptocurrencies and has the best name recognition.

Any cryptocurrency that is going to be successful will need to gain widespread acceptance among sellers. Bitcoin is already the most widely recognized cryptocurrency so it has an advantage in this area. Fundera estimates that Bitcoin is accepted by more than 15,000 businesses worldwide as a method of payment. The greater the acceptance of Bitcoin by merchants, the better the chance of it becoming a common form of payment.

Bitcoin is also known to be a deflationary cryptocurrency, which means it should only rise in value over time. This could give Bitcoin an advantage over fiat currencies, such as the U.S. Dollar, that are subject to inflation.

These are the major risks

There is a high risk of any cryptocurrency being speculative. Although thousands of businesses accept Bitcoin, most sellers aren’t yet onboard with cryptocurrency. It’s not clear at this point if Bitcoin will ever be widely accepted. It could even become unrecognized.

The energy consumption is another downside to Bitcoin. Bitcoin mining requires a lot of computing power. This is an extremely energy-intensive process. According to a University of Cambridge study, Bitcoin transactions consume more energy than Venezuela’s entire population.

Regulators and investors are already concerned about the rising energy consumption.TeslaRecently, the company announced that it would suspend Bitcoin as a payment method due to its energy consumption.

The case for Ethereum

Ethereum hosts Ether, a native cryptocurrency. Ethereum is the most prominent blockchain technology, with many projects hosted on it.

Decentralized Finance uses the Ethereum blockchain. Non-fungible tokens also use the Ethereum blockchain. Ethereum is an open-source technology which allows developers all over the globe to create new applications on blockchain. If any of those projects succeed, Ethereum and Ether will also benefit.

Developers have the ability to create smart contracts on the network. These allow users to make safe and reliable transactions without the assistance of a lawyer. Smart contracts can revolutionize many industries and give Ethereum an edge over its rivals.

Developers are currently working on an upgrade to the Ethereum blockchain in order to make it more efficient. The Ethereum 2.0 technology will be available later in the year. It is expected to consume 99.95% less electricity than current technology.

These are the major risks

Ethereum and Ether are both highly speculative cryptocurrencies. Ethereum isn’t as well-known as Bitcoin. Therefore, merchants may not accept Ether if they only accept Bitcoin.

The same goes for blockchain. There are no guarantees that it will be as revolutionary or as useful as many people believe. Ethereum’s greatest advantages are in its blockchain technology. If blockchain fails to pan out, Ethereum could be hurt.

Which should you choose?

Cryptocurrency is generally a high-risk investment. Before you decide to invest, ensure you are willing to accept high levels of volatility and risk.

Although neither one of these cryptocurrencies are necessarily safe investments, Bitcoin is more risky than Ethereum due to its longer track record and higher name recognition. Ethereum could have greater growth potential over time.

Whatever option you choose to go with, ensure you have done your research thoroughly and are comfortable taking on risk. Although cryptocurrency may not be right for everyone, it can help you get the most out of your investment.

EXCLUSIVE | Bitcoin Has Not Just Failed, It’s Failed Miserably: Valuation Guru Aswath Damodaran

Professor Aswath Damodaran doesn’t like bitcoin. He believes that it is not a good measure of a currency. It can be used to purchase coffee, houses, or cars.

Damodaran, one the most respected minds in valuation and markets, spoke out on cryptocurrency during the 10th episode Moneycontrol Masterclass.

“If bitcoin is a great currency, I wonder why not more people are using it for transactions. When I meet bitcoin enthusiasts, they push the notion that bitcoin is a great cryptocurrency because they have made a lot of cash on it. He said that this was not his measure of a currency.

He said that a good currency is one that can be used to purchase things.

He stated that he believes bitcoin is a good currency because it can be used to buy coffee, purchase a house, or buy a car. However, the latter has failed and failed miserably.

Damodaran also dismissed cryptocurrencies as an investment class. He said that an asset class requires cash flows. Damodaran stated that Bitcoin did not act as a hedge like gold in one’s portfolio.

“Gold’s greatest claim to fame is its ability to hold its value even when stocks fall. I used the same test to determine bitcoin’s behavior and I looked at 2020. Bitcoin behaved like a collectible. It was a very risky stock. He stated that adding bitcoin to a stock portfolio is just adding another risky asset.

Damodaran’s comments are made at a time of great regulatory uncertainty in India regarding cryptocurrencies.

About 1.5 crore Indians have made investments in cryptocurrency, which amounts to Rs 15,000 crore. There are 350 blockchain- and crypto-focused startups.

The government is planning to introduce a bill this year to regulate cryptocurrency trading. However, the RBI has warned investors repeatedly about the high risks involved in crypto trading.

Fund managers think Bitcoin is a bubble and inflation is temporary

They state Bitcoin is a bubbleWe shall revisit that announcement a couple of years from here . However, as of today, Bank of America appears to function as the idea that inflation is momentary and Bitcoin will probably burst. The crowded commerce,”extended Bitcoin,” has also come to be the 2nd most crowded commerce today. And nothing appears to be positive regarding the exact same. We’ll also observe a departure cross quite soon unless we’ve got good news for Bitcoin.

Bitcoin is a bubble

Bank of America ran a poll in May 2021 in which long Bitcoin has been proven to be the most favorite commerce. However, the latest poll conducted in June 2021, it’s been discovered that extended Bitcoin was surpassed by extended commodities. More than 224 fund managers with $667 billion AUM engaged in the poll. They reported that long technology stocks in the 3rd place are rather near to extended Bitcoin. In addition, we have ESG, Short US treasuries, long Euro among this listing.

It’s also noted that the proportion of men and women who believed BTC is that a bubble has also improved. By 75 percent of supervisors believing the exact same in May to 81 percent in June following the current price crash. The Bank of America has also warned consumers about the possible dangers with cryptocurrency and also that it is in fact a bubble.

Lately even Michael Burry explained that Bitcoin is a bubble compared it to the home meltdown of 2008. In addition, he included that bulls make money, bears make money, the only individuals who lose cash are pigs. They have slaughtered, and anybody believing Bitcoin isn’t a bubble falls within this category.

Returns is temporary!

Following the COVID War, there’s been a significant inflation problem in america. The government is printing a lot of money it is clear that Inflation prices have dropped. We’re hearing that Biden will release more stimulation checks that will boost inflation much more. A current national service assembly implies that the fed claims this inflation is temporary, and 72 percent of finance managers concur with the exact same. On the other hand, 23 percent believe it is permanent. In the event the 23 percent are correct, we could anticipate that Bitcoin will keep doing well even later on.

Hardware Bitcoin And Crypto Wallet Manufacturer Ledger Completes $380 Million Fundraising Round

Hardware pocket manufacturer Ledger has finished a $380 million series C financing round, the next biggest in crypto and blockchain history. Physical hardware pockets, unlike smartphone programs, are committed apparatus used to store electronic resources. Ledger has sold over 3 million hardware pockets in 190 countries up to now, and it’s over 1.5 million users on Ledger Liveand also a cell company into the Ledger hardware pocket that makes it possible for users to handle and store their own resources.

The round provides Ledger a $1.5 billion evaluation, which makes it the hottest crypto unicorn. It was directed by 10T Holdings, together with Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Amongst Others. Ledger previously increased $8.3 million in a Series A round in March 2017 and $75 million in a Series B round at January 2018.

The Ledger team intends to utilize the capital to establish a brand new services platform which will work as a dashboard in which Ledger users may get countless fresh decentralized products and software out of cryptocurrencies, to non-fungible token (NFT) and decentralized fund (DeFi) protocols. Ledger has incorporated with platforms such as Coinify, a crypto obligations and exchange stage; Changelly, a crypto market; and even Compound, a decentralized crypto lending and borrowing platform.

“What we endure in Ledger is safety and foremost but also endurance. That is a method of stating that anything you are doing with your crypto ought to maintain a safe environment,” CEO of Ledger, Pascal Gauthier, told Forbes. “Ledger is supplying you with this adventure at which you are able to maintain your bitcoin or you’ll be able to exchange your bitcoin consistently with some amount of security”

Regardless of this advancement Ledger nevertheless faces the challenge of forcing consumers to forgo software programs on mobile devices, that can be a lot more popular, due to their devoted hardware. But, Gauthier considers that this will rapidly change as Ledger proceeds to evolve their merchandise. Ledger also supplies educational materials asserting that hardware pockets, while more suitable, are a essential security measure, based on Ledger’s group of product-testing hackers, internally known as’The Dungeon.’

“Should you request the Dungeon, then there’s absolutely not any such thing as software-only safety. If you maintain your keys that the sole workable safety is with protected hardware,” Gauthier said. “You’ve got to occasionally sacrifice just a small bit of usability to be very secure since in the event that you drop these keys that is the game, you eliminate the value.”

Gauthier also states that over another 9 to 18 weeks Ledger will launch its second generation of products which is going to be nearly as simple to use as applications pockets.

But, Ledger might need to build confidence up in the marketplace following a hack on its advertising database a year ago leaked client information leading to mass mailing emails. Ever since that time, Gauthier states Ledger has upgraded their policies to make sure their spouses erase client information and decrease the sum of time Ledger stays on to this info.

“The safety of this item was untouched, however, the safety of the business general is something you may always work always invest cash into, so we’re investing a great deal of cash into creating Ledger a far more protected value proposition entire,” Gauthier said.

When asked about competitors, Gauthier does not think there’s another business in the crypto distance supplying the specific same services because Ledger. But some are getting near. Last week,” Square SQ CEO Jack Dorsey realised his business is likely to create into a hardware pocket, a followup to the large bitcoin standing Square has assembled over recent decades and its own growing bitcoin broker enterprise. Obviously, Gauthier does not intend on providing up Ledger’s standing as the #1 hardware pocket firm.

“For us, that is super exciting since this seems like direct competitors, but in addition, it informs us that this marketplace is all about to become very large and right now we are number 1 and therefore when Jack says he is entering the marketplace I am like, trendy, match is about.”