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August 18, 2022

Financials Matter

"It's Not Just About Finance"

Why Bitcoin is Dangerous

Unless you’ve been living in a cave for the last few years, you’ve most likely heard of “Bitcoin.”

But what do you know about it?

The brief description of it is “Bitcoin” is digital money that’s outside the global banking system.  (At least for the time being)

It’s also the largest of many new Crypto-currencies available in the market today.

Governments appear to be worried about the rise of Crypto-currencies.  But don’t be fooled by their fear mongering.  They allow them to exist because it reinforces their agenda towards a “cashless society.”

And the dirty secret behind this is the existing “Bitcoin and clones” are the beta tests for governments and central banks shift towards digital money.

Think about this for a second.

Once money becomes virtual it all becomes traceable, reportable, controllable, and ACCESSIBLE TO THE BANKS AND GOVERNMENTS.

We’re talking about a bona fide “Big Brother” situation.

If you think our government is snooping on you now, you ain’t seen nothing yet.

Bitcoin (and its clones) have a future, but it might not be what you think.  For the time being they are being left alone so that people embrace the idea of being cashless.

Look around and you’ll see that many segments of society are already cashless.  People pay online for everything with credit or debit cards.  No money changes hands.  Transactions are digits exchanged on someone’s balance sheet.

So, how do you profit from it?

First, you become familiar with it and learn to avoid the dangers associated with Crypto’s.

Find out more in the upcoming issue of Simplifying Wall Street in Plain English.

Go (HERE) now.

 

 

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