President Donald Trump has sworn from America 'the undisputed Bitcoin -Supermacht and the crypto capital of the world'.
An investor as I see a coming gold rush.
But I won't minim the rocks. I invest in the choices and kicks.
Let me explain.
During an address that was played at a Crypto summit in New York City last week, Trump announced that he had terminated the legal war against Crypto and Bitcoin of the Biden and called for the congress to adopt historical legislation that created simple, common sense rules for Stablecoins and market structure. '
Indeed, after a chaotic decade, American supervisors are ultimately determined to control the crypto -cowboys and their non -regulated markets.
The White House of Biden tried to do this through a lawsuit – by complaining Crypto platforms in accordance with the standards for financial regulatory standards.
That largely did not work – because there are still too few laws to set clear rules of the road.
President Donald Trump has sworn from America 'the undisputed Bitcoin -Supermacht and the crypto capital of the world'.
An investor as I see a coming gold rush. But I won't minim the rocks. I invest in the choices and kicks.
Now there is a new sheriff in the city. And the strategy of the Trump administration is to include cryptocurrency in the financial system of the world. But a majority of invested assets in the world is in sovereign asset funds and pension schemes. And they don't make a cowboy. So if crypto starts working, it must be reliable.
The first and most critical legislation, which is expected to be discussed in the Senate in the coming weeks, is the Bipartisan Genius Act.
This account creates the very first digital US dollar ever. This stable currency is a cryptocurrency that is linked to the value of a raw material or currency, making it less volatile to be supported one on one with American dollars. And it would be strictly regulated, making it safe and reliable to hold and publish.
Most raw materials on earth – from oil to gas to pork – have already been traded in American dollars, so it is logical that the first digital currency in the world would also be bound to the Greenback.
Moreover, American opponents, including China, Russia and some South American countries, try to replace the US dollar as the world currency to undermine the influence of the US.
The meaning of an American stable currency cannot be underestimated.
So what is the best way to invest in this? Of course I have some crypto. But that is not the chance in which I am most interested.
I am pleased to buy a piece of the new global digital payment system that will create an American stable currency.
Currently, if I want to buy a watch from a watchmaker in the United Kingdom, I have to make the purchase by credit card (and pay a fee to the credit card company) or pay the money from a bank (and pay a bank costs). International trade is further obstructed when a buyer is forced to convert his payment into the desired currency of the seller and to pay a fee.
The strategy of the Trump administration is to include cryptocurrency in the global financial system.
The first and most critical legislation, which is expected to be discussed in the Senate in the coming weeks, is the Bipartisan Genius Act.
An American stable currency would make such transactions almost free.
At present, three major crypto exchange platforms can send and receive crypto: Robinhood, Coinbase and Wonderfi, which is active in Canada. I am a shareholder of all three of these companies and I am also a strategic investor in Wonderfi.
If the American stable currency becomes a reality, propose the volume of transactions that will flow 24-7 through these platforms worldwide.
This new digital payment system unlocks a virtual gold mine from trade and I want to sell the choices and kicks.
