Connect with us

Blogs

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

Published

on

Donald Trump
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Blogs

Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

Published

on

crypto projects
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

Continue Reading

Elite