RATE Group | World ‘could go bankrupt’ in cryptocurrency scam costing global markets billions
70640
post-template-default,single,single-post,postid-70640,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

World ‘could go bankrupt’ in cryptocurrency scam costing global markets billions

02 Dec World ‘could go bankrupt’ in cryptocurrency scam costing global markets billions

Posted at 12:10h in Cryptocurrency News by

[ad_1]

Cryptocurrencies threaten to completely change the way that money works worldwide.

The two world wars made the US dollar the world’s number one currency.

During World War II, in particular, the US became the Allied powers’ chief quartermaster, becoming the world’s biggest repository of gold in the process.

Even after the gold standard ended, the dollar’s global dominance continued. That gives the US incredible power when it comes to economic sanctions. More than America’s fearsome war machine, its economic potency makes it the world’s leading superpower.

Mr Putin would like to find a currency that replaced the dollar, blunting America’s ability to levy sanctions

Which is probably why Russian leader Vladimir Putin is interested in cryptocurrencies. A cryptocurrency has no nationality, payments are untraceable and weirdest of all it can be made out of nothing.

You can ‘mine’ Bitcoin, the worlds leading…

[ad_2]

Source link

Tags:
, , , , , , ,