Geopolitical & Economic Uncertainty Drive the Intrigue of Cryptocurrencies

godcoin (58)in #crypto-news • 5 years ago

It should be quite obvious by now that geopolitically and economically speaking, the world is facing a great deal of uncertainty and instability. As we've discussed here before, market volatility has driven the intrigue more in the realm of digital and cryptocurrencies, as well as the selling and trading of precious metals such as gold and silver. It should come as no surprise that the entire world has to deal with these unpredictable and unreliable governing systems put in place that was once there to protect the interests and welfare of the people and not just those aiming to line their pockets, among other things.

If anyone has been paying attention, Bitcoin, among other cryptocurrencies have seen a bolster in recent days. According to the Independent:

Bitcoin rose above $10,000 overnight, taking it back above the milestone it fell below after a mini flash crash at the end of August. Other major cryptocurrencies also experienced a price boost, including ethereum, ripple and bitcoin cash.

A 6 per cent rise against the US dollar amounted to nearly 10 per cent of gains against the pound after turmoil surrounding Brexit sent the UK currency into free-fall. Market analysts have previously predicted that bitcoin will reach record highs if the UK leaves the European Union without a deal.

Economic turmoil in Argentina, combined with an escalating trade war between the US and China, also helped to bolster bitcoin’s price, according to Marcus Swanepoel, CEO of cryptocurrency firm Luno.

Source

It may seem very tempting to jump on the Bitcoin bandwagon, especially since "some investors are even beginning to see the cryptocurrency as a safe-haven asset, similar to gold." As much as these chaotic events and uncertainties drive the market for those looking to invest wisely, there is still one matter that many need to remember to recognize. Just because the value is high for some cryptocurrencies at the moment does not give an overall assurance to their disguised volatility. Cryptocurrencies with no tangible backing or those pegged to fiat currency will need to face the music as an economic problem or crash arises. This is why GODcoin has risen to the golden standard of making sure to be backed by the precious metal gold.

So, while fiat currencies and other cryptos with no backing crash and burn, those backed by tangible assets such as gold like GODcoin will rise out of the ashes like the phoenix. It's time to put your investments into something that won't follow the volatility trends. Invest wisely today in GODcoin while you still can!

This article was authored by Judith Monte, @belovebelight

There are many advantages to GODcoin especially since it is one of the few coins that will be backed by gold and silver. Not only does GODcoin offer the illuminated path towards a prosperous future, but very soon, it will be the global currency. To learn more, visit the following links:

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