Monday, September 28, 2020

Keiser Report | Hyperinflation Causes Hyperbitcoinization | E1560

from RT:

In the second half, Max talks to Alessandro Cecere who tells of his experience in ‘Bitcoinzuela’ as hyperinflation causes hyperbitcoinization.

Bitcoin bolivars? Venezuela reportedly accepting crypto as payment for passport applications

from RT:

Venezuela’s passport service is accepting Bitcoin as payment for some applications, according to people using the online system. The move suggests an increased shift to alternative payment systems in the South American state.

A screenshot of a Bitcoin (BTC) payment prompt on Venezuela’s Administrative Service for Identification, Migration and Foreigners (SAIME) was posted to Reddit on June 23. Social media users on other platforms confirmed that the cryptocurrency could be used by citizens overseas who are applying for a Venezuelan passport.

Jim Rogers: Bitcoin Is Going To Zero Because It’s Not Based on Armed Force

by Jordan Lyanchev, Crypto Potato:

Well-known American investor and financial commentator Jim Rogers still believes that Bitcoin is largely overvalued, and its price will eventually plunge to zero. He argued that virtual currencies are just gambling, and the volatility behind the market will play a significant role in destroying it.

Jim Rogers: Bitcoin Is Heading To Zero

In a recent interview, the co-founder of the Quantum Fund and Soros Fund Management expressed his unfavorable opinion of Bitcoin and the rest of the cryptocurrency market. He suggested that investing in any virtual currency is “not an investment target” as it’s “just gambling.” He based his arguments on the largely volatile cryptocurrency market:


by John Vibes, The Waking Times:

Before Bitcoin became the newest trend for silicon valley bros, it was a tool for hackers and revolutionaries who wanted to undermine the banking system. In fact, this was the original vision of the cryptocurrency’s mysterious creator Satoshi Nakamoto, and the group of anarchist hackers called “cypherpunks” that developed the technology.

China’s digital yuan could replace bitcoin & end US dollar hegemony

from RT:

The Chinese sovereign digital currency, which may be offered to the public next year, is projected to replace paper money. Analysts say it may even shift the global balance of economic power.

The People’s Bank of China last week revealed plans to have its sovereign digital currency ready in time for the 2022 Winter Olympics. Limited trials are already underway in four cities across the country.

Keiser Report | Turning junk into $$ | E1541

from RT:

In the second half, Max continues his interview with Raoul Pal of Global Macro Investor and Real Vision Group. In this segment, they discuss sophisticated investors’ packaging risk and dumping it into pension funds.