Bitcoin and other altcoins on the move
Governments all over the world are trying to eliminate physical currencies. They are encouraging their citizens to use more of their own digital fiat currencies.
Bitcoin and other cryptocurrenties are way ahead of governments and their plans to introduce their own cryptocurrencies.
With the rise in value of Bitcoin, more people are willing to try Bitcoin and other alternative digital currencies.
Bitcoin is making history. Is Bitcoin overvalued? On the other hand the precious metal Silver is undervalued. Silver is needed and used in many industries, like the medical, car and phone making manufacturies, in jewelry, electricity, solar panels, etc.
There are other groups looking closely what Bitcoin and the other cryptocurrencies are doing in their markets. Investment companies, hedge funds and rich people are now also investing heavily in Bitcoin and altcoins.
Most people in the Third World countries are embracing Bitcoin and other alternative coins. They can easily transfer money to other countries at a much cheaper price than the regular Exchanges by using their smart phones. Next to food most people in the Third World Countries have a smart phone.
If and when the world currency, the US dollar, is altered to something else, it is not a bad idea to have some Bitcoins or other well trading altcoins and precious metals like gold and silver to be on the safe side.
Joyce Herry @mipublishing