Perhaps you’ve only ever invested in the traditional financial markets. And even shaken your head when the word “crypto” was mentioned.
But it might also be true that within the last year, the world of digital assets has gotten your attention.
With inflation on the rise and the purchasing power of the dollar slowly diminishing, more investors are looking to cryptocurrencies as a viable alternative.
There’s also the fact that crypto continues to go mainstream, with major corporations allowing stablecoins leveraged to the U.S. dollar and Bitcoin (BTC, Tech/Adoption Grade “A-”) to be used as payment.
And then there are the hard-to-ignore endorsements by celebrity billionaire entrepreneurs. Elon Musk can’t stop tweeting about Dogecoin (DOGE, Tech/Adoption Grade “B-”) as the face of electronic money. Mark Cuban is a huge fan of Ethereum (ETH, Tech /Adoption Grade “A”) and calls the so-called Queen of Crypto a “game-changer.”
So, I thought it would be prudent to take a deeper look into these explosive tokens. And who better to explain their popularity and power than senior analyst and advanced mathematician, Juan Villaverde.
After all, he helped develop Weiss Crypto’s very own crypto ratings model. (Weiss Crypto was ahead of the curve when it came to crypto’s ground-breaking potential and remains the only independent financial ratings agency in the world to rate cryptocurrencies.)
In this special seven-minute video segment, Juan, editor of Weiss Cryptocurrency Portfolio, delves into what’s drawing crypto users to DOGE, and where this asset could be headed.
He also weighs in on El Salvador’s recent adoption of Bitcoin as legal tender. Juan was born and raised in Uruguay and has long said that crypto assets are especially crucial for the continent.
Juan explains:
You have to understand that all these Latin American countries, are subject to the dollar, essentially. We’re all living under the dollar standard.
Now, we all know very well that the U.S. monetary policy is highly inflationary, which sort of means they’re exporting that inflation overseas.
This snowball effect of crypto being a superior monetary system, superior technology for money and finance, is getting more and more attention.
This is superior technology. Period. It’s like applying democracy to money, that gives equal access to all. It is just better. It allows us to do things we couldn’t do before, like have self-custody of your assets.
It’s just a number. That’s how you secure your Bitcoin. It’s a number that you can memorize. You can store it in your head, and if you do that, no one has access, other than yourself.
Crypto enables applications that you couldn’t dream of with the system we have now, that has too many intermediaries.
In this insightful video, Juan discusses:
• What the International Monetary Fund (IMF) is “afraid of” when it comes to countries adopting crypto as legal tender.
• How gold is “highly ineffective,” compared to Bitcoin, also known as digital gold.
• Celebrities’ “unfortunate” influence on the crypto markets.
• The fuel that “powers the decentralized crypto economy,” and its profit opportunities.
• Ingredients that every crypto asset needs to be successful and “robust.”
And more!
The information in this short segment couldn’t be timelier. I suggest you watch it now.
Happy investing!
Jessica Borg
Financial Anchor
Weiss Ratings
