7 Things You Need To Know About Cryptocurrency – MarketBeat

Posted on Friday, January 8th, 2021 by MarketBeat Staff

The cryptocurrency was quiet for years but its starting to boil over once again. With the price of Bitcoin up 550%, it certainly seems like the sky is the limit.

Whether or not you choose to trade Bitcoin or any other cryptocurrency it is important to understand what it is and the trends that are driving it.

The bottom line, however, is that the worlds money is flowing onto the blockchain and the use of cryptocurrency is growing at an exponential rate.

#1 - What Is A Cryptocurrency

#2 - POW or POS

#3 - Bitcoin is the worlds reserve crypto

#4 - Ethereum is reinventing the wheel

#5 - Exchanges, Wallets, And Cold Storage

#6 - Defi - Decentralized Finance

#7 - Stable Coins And The U.S. Dollar

The World Is Going Digital

There is a shift underway that begins and ends with digitization. That shift spans every aspect of our lives including our money and that is fueling interest and demand for cryptocurrency. We are still in the early phases of the shift. The ultimate winner is yet to be crowned but one thing is certain.

The worlds value is moving onto the blockchain.

This means that one day, maybe, all of the worlds value will be recorded on a decentralized distributed ledger network and all our transactions will be in cryptocurrency on the blockchain.

7 Gold Stocks to Buy Before the Fed Changes Its Mind

Just when investors thought that the price of gold couldnt go any higher, the Federal Reserve added fuel to the fire. On July 29, the Fed said there was not sufficient evidence of an economic recovery to warrant changing their current policies.Not only does that mean that interest rates will stay at or nor zero, but that the Fed may initiate other actions as well. In his statement after the Fed meeting, chairman Jerome Powell said the Fed was not even thinking about thinking about raising rates.And while the novel coronavirus was certainly a factor, its not the only factor. The Fed is looking intently at the collateral damage from the lockdown measures in March and April. Over 14 million Americans who had jobs in February are unemployed. And many of those jobs will not be coming back.

This is creating the perfect scenario for gold and gold stocks. The price of gold has surged over 25% in 2020. At the time of this writing, it sits at $1,953 per ounce. Of course as soon as gold starts to near $2,000 the cries that the rally is over begin.

Are they right again? Maybe, but Im a little skeptical. Gold always climbs during times of uncertainty. Thats true today more than ever. Were months away from a presidential election. Were learning how to live with a novel virus for which there is no vaccine. We have social unrest that has turned into riots in many major cities.

With that in mind, here are seven of the best gold stocks that you can invest in right now.

View the "7 Gold Stocks to Buy Before the Fed Changes Its Mind" Here.

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7 Things You Need To Know About Cryptocurrency - MarketBeat

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