Bitcoin Disrupts More Than Your Daily News

Every hour there seems to be a new bitcoin milestone.

In case you missed it, bitcoin passing $US10,000 on Wednesday is already old news. In the 12 hours that followed, it zoomed right past US$11,000.

This marks a 1,200% rise this year alone. Despite attempted restrictions and relentless talk of a bubble, the world’s biggest crypto just keeps on climbing.

So, too, does the number of crypto wallets. With 13.1 million accounts now existing on Coinbase, people are clearly scrambling to get in on the action.

At this rate, the next generation won’t associate ‘mining’ with oily machinery. Or think of money in terms of cash.

And perhaps they’ll be more familiar with ‘scarce’ digital assets than resources.

With only a month left in the year, it seems cryptos don’t have any intention of putting on the brakes. And after all the insane gains and volatile movements of 2017, we are left with two extremely polarised streams of thought.

One is of mounting optimism about the revolutionary currency bitcoin could become. The other is best summed up by Nobel Prize-winning economist Joseph Stiglitz, who said of bitcoin on Wednesday:

‘…It ought to be outlawed. It doesn’t serve any socially useful function.

Whatever your views on bitcoin and cryptocurrencies, there’s no denying the incredible investing opportunities made possible by blockchain technology.

In a move that could change the face of media, global news agency Mindshare has just signed an agreement with Singapore-based blockchain company Zilliqa. The aim of this partnership is to use blockchain to combat ‘fake news’, improve data security, and strengthen trust in media sources.

Meanwhile, the UK government is using blockchain to improve the efficacy of welfare benefits. Through ‘Govcoin’, a crypto transacted through an app, this tech would see payments delivered instantly, ensuring that welfare benefits are used only for necessities.

These are just a few examples. Blockchain has already been applied to many existing business models to increase efficiency, transparency and reliability. And finding these ‘collisions’ before they become mainstream is extremely lucrative.

Trust encourages investment. So even if you don’t trust cryptos, blockchain is a technology in which security is a core principle.

The immense wealth-building opportunities in this market have only just begun to bloom. Best of all, you can bypass the risk of investing in cryptos but still potentially make bitcoin-sized returns. Provided you get in quick, of course.

So, to take advantage of the blockchain collisions that we believe are about to make a huge splash, click here

This week in Markets & Money

On Monday, Vern warned that if we stay oblivious to the movements of the markets, we’ll be in for a nasty surprise. According to the mainstream media, the world’s economies are only gaining in strength. And as the US economy is supposedly doing well, Australia’s must be too… But this optimism is both ill-founded and dangerous. Our confidence in the economy is hinged on spending more than we can afford. This reliance on debt will lead us to the same fate that befell the tech and housing bubbles.

To read the full story, click here.

Bitcoin’s rapid rise has left everyone captivated. And with 100,000 new Coinbase wallets opened over the Thanksgiving weekend, people are clearly scrambling to get in on the action. Meanwhile, the heated debate over whether bitcoin is an asset or currency is putting a confusing spin on things. But as Shae suggested on Tuesday, there is a potential way to make profit while avoiding the drama. By investing in the technology that makes cryptocurrencies tick, you can be at the forefront of the movement while minimising the risks.

To read the full story, click here.

On Wednesday, Shae wrote about the greatest tech breakthrough since the internet: blockchain. Not only does it revolutionise how data is stored, it completely alters our understanding of trust. The current financial system has hinged on trust of both central banks and governments. But no longer. With blockchain comes the removal of middlemen. And, consequently, the beginning of a more transparent and legitimate mode of transacting.

To read the full story, click here.

On Thursday, Shae worried about the prospects for university graduates. Looking at the statistics, a good percentage of graduates have difficulty finding a job in their field. But with the rise of automation and AI, there is a new threat. Those working in the tech industry may have created the very monster that will destroy them. And if this new tech gains traction, those working in cyber security will have to watch their backs.

To read the full story, click here.

On Friday, Shae asked whether blockchain technology is at odds with privacy? As blockchain works to revolutionise day-to-day tasks, making them more convenient and reliable, our privacy is being forgotten. With the collection of biometric data comes the inability to be completely anonymous. But this is what the future holds. So if you can’t beat them, you may as well join the companies leading the revolution.

To read the full story, click here.


Katie Johnson,

For Markets & Money

Katherine Johnson, usually going by just ‘Katie’, is a member of Port Phillip Publishing’s editorial team, as well as the Editor of the Saturday edition of Markets & Money. Katie works with all of your editors to maintain the quality of their research and analysis. In her Saturday Markets & Money articles she specialises in cryptocurrency and technology stories, and brings you a recap of the week from your other Markets and Money editors.

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