Hi everyone, what a nostalgia trip it is looking back at a core part of my life that has eluded me until now.
Does anyone here hold crypto or trade it? Since the pandemic and the fact that central banks across the globe are printing money through bonds at an exponential rate, Im thinking the newer generations have less and less chance of creating wealth for themselves. Inflation is being suppressed by skewing statistics and the gap between the haves and have-nots is increasing at an alarming rate. Last year most countries and banks lowered their interest rates to tiny amounts, some even choosing negative interest rates, so it seems that traditional methods our parents and grandparents had for securing their future are not viable.
You've probably heard of bitcoin as it's the frontrunner with the biggest market cap, did you know that the entire crypto ecosystem has now surpassed 1 Trillion dollars? This is a lot of money but also a drop in the bucket in relation to the larger deritvates market that occurs globally. There is still a vast amount of new money to flood in to this ecosystem. In my opinion, I think the new monetary platform for payments will be built using blockchain technology such as central bank digital currencies (CBDC's) and subsequently, cryptocurrencies that use this foundation. Just a few days ago the US Treasury OCC, the largest US banking regulator green lit banks to use this technology:
https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.htmlSo what does this mean for the entire crypto ecosystem? If you were around for the 2017 crypto fiasco you might be cautious to jump in now, however there are a few reasons this is different, one of the most important being new money is coming from retail and not consumers.
https://news.bitcoin.com/here-are-the-top-public-companies-that-have-adopted-bitcoin-as-a-reserve-asset/Holding assets other than fiat currency (precious metals, crypto, stocks, houses, etc) seem to be a better way of protecting your wealth against the oncoming wave of "modern" monetary theory ahead.
There are some projects I've found which seem very interesting, and the biggest factor that has impacted my feelings on them include:
- What are they trying to solve
- How they could be engrained in society in the next few years
- There current partners & roadmap
- Market Cap
My favourite project that i have found is Energy Web Chain (EWC) and the token that is used to power the platform, Energy Web Token (EWT).
Energy Web Chain is a non-profit organization trying to decarbonize the planet and push renewable energy globally. This sounds like a pipe dream initially however the project has some HUGE partners across the world which are already validators on their platform. Just check out their partners page to see what im talking about:
https://energyweb.org/work-with-us/our-affiliate-ecosystem/Im not good at explaining, but I believe that true confidence in something or someone will only come from within, so id recommend searching and reading about this project to really understand what its trying to solve.
Link to all the AMAs:
https://hsvgts.medium.com/new-to-the-energy-web-foundation-here-are-all-the-amas-in-one-place-for-your-convenience-68e26031acebLink to Energy Webs Medium page:
https://medium.com/@energywebxLink to EWC telegram (you can ask for help here!)
https://t.me/energywebRetail money moves a lot different from consumers like the majority of us. They plan ahead and will only invest in something if they are sure it nets them a long term profit. The globalists have decided that now is the time to push renewables and this will only slingshot Energy Web Chain further.
https://www.utilitydive.com/news/biden-outlines-2t-plan-to-invest-in-renewables-electrification/581637/ I believe that the private and public companies will be using the Energy Web Chain to build their own platform on top to manage their electric grid, amongst a plethora of other IoT devices (Think wind turbines, batteries, transformers, all connected to the EWC blockchain)
Energy Web Chain is in my opinion, one of the most interesting projects I found last year. It is currently trading around £5.40 (around 7 dollars) but may move higher in the coming months due to more announcements from EWC. As there is a price to this i want to stress that this is not financial advice! Im not a financial advisor and am not telling you how to invest your money. I'm not sponsored or endorsed by EWC. This is just a person on the internet sharing what he thinks is interesting, you must take the leap yourself.
I really think that Blockchain will be entwined in the next steps for humanity, as it can solve so many socioeconomic problems as well as humanitarian issues. If you bothered to read all of this thank you for taking the time and id highly recommend doing some further research on cryptocurrencies as well as EWC. Id love to hear your thoughts on anything monetary/crypto related! Thanks!!
P.S when did the forums change to this? I don't remember simple forums, it feels much slower, or maybe that is my nostalgia tinted glasses (: