Global Reserve Currency

The dawn of cryptos ushered in what we can term as the next step in the evolution of money. Unlike the tradition of fiat currencies, they offer a financial world that lacks a central authority that controls the money-making process. In addition, transaction costs are comparatively cheaper thanks to its peer-to-peer network system. While the positives are in the open for all to see, cryptos' uptake by governments has been, at best, disheartening. This is because they prefer to stick…

The crypto community just received another significant green light from a world superpower. Russian President Vladimir Putin recently stated that cryptocurrency “has the right to exist and can be used as a means of payment.” Russia Accepts Crypto Putin aired his thoughts in a recent interview with CNBC, when discussing alternative settlement means for crude oil contracts. Several months ago, Russia’s Deputy Prime Minister suggested that the country forgo dollar-denominated contracts in response to US sanctions. This spurred questions of…

Over the last decade, there have been endless debates regarding gold vs. Bitcoin. On both sides of the aisle, parties have put forth compelling arguments as to why they feel one asset is better than the other. Some insist that Bitcoin is digital gold, while others believe the two are not comparable by any means.  As the world shifts to a digital economy, it becomes crucial to understand what continues to make Bitcoin an attractive alternative to the world’s original…