Hey, Greg.
Hope you're having a great evening.
With stocks being flat, metals down, crude oil down, and bonds down, could it be that a bunch of that cash that's been waiting for a place to go has actually been finding its way into what's been an explosion in the price of a broad array of cryptocurrencies lately? I came across a brief article today that notes an 80% increase in the combined market capitalization of all cryptocurrencies over just the past 30 days, representing an infusion of more than $20 billion during that time! http://www.coindesk.com/25-billion-30-days-cryptocurrencies-bubble/
Thanks for pointing me to steemit, and again, thanks for all you do! Your help has been invaluable in my growth as a trader and investor. You are the man!
Excellent article link ! Definitely worthwhile checking out . Thanks .
You're very welcome, and thank you! There's no doubt a lot of speculation going on where cryptocurrencies are concerned, but I also have no doubt that there's very real, serious, and broad interest in cryptocurrencies, among individuals, as well as institutions and governments, as an emerging, legitimate asset class. Japan's already formally legalized bitcoin as an acceptable form of payment, Australia is eliminating taxes related to the use of cryptocurrency, and even the United Nations is embracing blockchain. http://www.coindesk.com/the-united-nations-wants-to-accept-ethereum-and-bitcoin-and-soon/. While most of the 700+ extant cryptos will not persist beyond what is a veritable, ongoing, digital gold rush, I think cryptos with or associated with innovative technology (e.g., bitcoin, ethereum, steemit (!), maybe dash, monero, etc., maybe something still on the horizon) will survive, and even the ones that don't ultimately make it will have succeeded in having played a part in introducing and acclimating the world to cryptocurrency and blockchain.
Very descriptive thank you and nice touch with the link !👍
I could not agree more about Greg! He is the man!