RATE Group | The changing world of money
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The changing world of money

03 Aug The changing world of money

Posted at 03:07h in Cryptocurrency News by

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SCHENECTADY, N.Y. (NEWS10) – With Bitcoin falling to its lowest price this year, one local cryptocurrency advocate says he’s confident the price will bounce back.

Justin Capoccia has been following the cryptocurrency world for quite some time now.

“Kinda started way back, I would say probably around late 2009-2010. It was a currency that I thought was essentially play money at the time,” Capoccia said.

He says after much research a few years later, he strongly believes that this medium of exchange is the way the world is going. Everything is being done electronically, which is why he says he created the Global Exchange Medium (GEM).

“Bitcoin is, and other alternative currencies, are much more secure to transfer and a lot more secure than credit cards.”

Financial Advisor Hugh Johnson says while the world is moving to a more electronic medium, he doesn’t think cryptocurrency will be in its future.

“I think there are a lot of shortcomings of so-called cryptocurrencies, which…

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