When a recession hits, it can have devastating consequences not only for business owners and their employees, but anyone with a nest egg or even a little savings out away. How can you preserve your wealth in a time of economic upheaval?
Originally, banknotes were nothing else than receipts for gold or silver that were stored safely in a bank vault. Carrying heavy coins was not very practical and quite unsafe, as street robbers could easily assault you.
Money has been an expression of value divisible in nature, durable, transportable, and scarce. Any object that carries these attributes can be called as money when used as a medium of exchange.
2020 was not the year many were expecting when the clock struck midnight on New Year’s Day. The effects of the COVID-19 pandemic have changed so many things that it almost feels as though many years have passed in the course of a few months.
In Part One of this series we compared Bitcoin’s stock-to-flow ratio with that of gold, the world’s traditional safe haven. We have seen that Bitcoin’s scarcity by design is one of the main reasons why it could develop into a safe haven for investors in the near future.
One of the best characteristics of Stablecoins is that it absorbs price volatility for traders to gain confidence in case an abrupt price movement on crrptocurrency market occurs.
We are used to money being issued and controlled by the state – but if we look at its history we see that money originates from the free market. Without money, a reasonable division of labor would not be possible.
One of the many well-known CEO in the cryptospace have manifested strong speculations that Bitcoin price will spike-up after the halving, and others have even encouraged people to buy Bitcoin before the halving happens.
The COVID-19 pandemic has affected the lives of nearly everyone in the world. Millions have been personally affected by the virus itself and millions more have lost their jobs due to the pandemic’s disastrous effect on the economy.
Inflation is a word that's commonly heard in financial reports and everyday economic news. But what does it really mean as it relates to your money? Inflation is generally regarded as negative, but did you know that the Federal Reserve and other central banks actually think inflation is good? Let's talk about how inflation affects your wealth. Let’s also define MMT and explain how it relates to inflation.