Due to concerns about inflation and money printing, the last 20 years has seen an incredible number of new developments in the world of money. This infographic shows how gold got digital, how digital currencies exploded into life and who the key players are in this global story.
The above words of Will Bancroft (the realasset.co.uk) are edited excerpts from the introduction to his following infographic* entitled The growing digital challenge to government money.
[The following infographic is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here). This paragraph must be included in any article re-posting to avoid copyright infringement.]
*http://therealasset.co.uk/digital-money-infographic/ (© Copyright The Real Asset Company 2013. All rights reserved.)
Ever since the Federal Reserve embarked on its easy money campaign, everyone and their mother has been on a crusade for an alternative reserve currency. [The euro and China’s yuan have been talked about – and dismissed – as realistic contenders and]…during the world’s desperate search, the Federal Reserve has just continued printing more money. That has only intensified the desire for an alternative. Enter Bitcoin. Ultimately, however, it is all about greed – not a genuine interest in a fundamentally stronger alternative to the status quo – that’s driving Bitcoin prices so forget Bitcoin being a contender as an alternative currency. At best, it’s a speculative investment, and a very speculative one at that. Read More »
Bitcoin is the first peer-to-peer (P2P) digital currency and payment system to gain significant interest. This month its marketcap surpassed $1 billion. [Below is a description of what Bitcoin is, and isn’t, and why it has caught on to the extent it has.] Read More »
I’ve become interested in this whole Bitcoin thing, the electronic currency first was issued about 3 years ago, and I think it is fascinating – and troubling. Here’s why. Read More »