Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Monetary Systems
Is Bitcoin The Awaited Redemption For The Flawed Monetary System
The fiat monetary system currently in place is a "proven failure." Paper money gets introduced into the system with high value, but as time progresses, the cash is overprinted, and it loses its value. For example, the US dollar, used as the fiat currency's global standard, has seen a 1,934% inflation since the year 1800. The fiat has no intrinsic value, has an unlimited supply, and follows government regulations. Bitcoin technology may be the liberator of international monetary systems. Due…
5 years ago