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Bitcoin, Ethereum (ETH) or Ripple (XRP): Which Cryptocurrency Will Benefit from the Policies of Donald Trump?

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Donald Trump
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Fiat currencies are in turmoil across the globe, and as trade wars and the crushing blow of sanctions are hoisted on various nations by western powers, the alternative currency market may be attracting a number of world leaders looking to bypass the US dollar. For countries like Iran and North Korea, desperate to get their goods back on the market, it seems cryptocurrencies may become a viable way around the hegemony of the US dollar. And as the nations most affected by a growing series of brutal sanctions and draconian trade tariffs are forced into seeking alternatives, the enforcers of global policy would be missing a golden opportunity if they weren’t themselves already invested in the very currencies available to these ‘enemies’ of the free world.

Donald Trump himself has made a number of remarks regarding Bitcoin (BTC) and the coin market since taking office. While being careful not to take a hard stance for or against the trading of alternative currencies, it is clear that he is watching the markets with some interest. And as his global trade wars escalate, forcing the hand of partners and foes alike, it would stand to reason that Bitcoin will most likely be the coin of choice for rogue nations like Iran and North Korea.

Bitcoin (BTC) is still the undisputed king of the alternative currency market, although Ripple CEO believes it will come to an end. And with the power of name recognition alone, the less savvy players of the developing world may look immediately into the benefits of secure person-to-person transactions available through the world’s best-known cryptocurrency. The delayed transactions and hefty fees the original blockchain is known for can be easily over-looked as nations damaged by sanctions seek to push their products back onto the market.

And if smart contracts are necessary to facilitate the more intricate trading needs of nation-states, Ethereum (ETH) could provide the framework necessary for exchange to occur. While lesser known currencies are quickly developing the means to do Ethereum’s job with less friction, the number two token available to consumers is by far the more recognized currency for legal transactions tracked on the blockchain.

But Bitcoin (BTC) and Ethereum aren’t the only game in town these days. Ripple (XRP), currently fighting the Securities and Exchange Commission over a series of potential violations, has proven itself quite effective at cross-border transactions where the parties involved may not be holding the US dollar as a preferred medium of exchange. With over one hundred institutions experimenting with the token, it could easily fit the bill for countries looking to trade their goods without the worlds policemen watching too closely.

As the world reels from the sanctions placed on their countries by Trump and the US State Department, the nations most affected may look to the cryptocurrency market as a viable way to navigate around the barriers of US dollar hegemony. Whether with Bitcoin (BTC), Ethereum (ETH) or Ripple (XRP), the benefits of the alternative currency market will allow many nations to create unconventional trade deals, benefitting savvy investors, already hodling the chosen currencies in question.

With these facts in mind, it isn’t hard to imagine Donald Trump (and other members of US leadership) pushing nations further into cryptocurrency markets and driving prices to new highs.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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