Cryptocurrencies Are Dead. Why? CBDCs. Maybe.

Cryptocurrencies Are Dead. Why? CBDCs. Maybe.

Cryptocurrencies are not money but just a transaction mechanism. They have no proven safe store of value. They are collapsing, for reasons. Luckily, central banks just so happen to be ready to rollout out their CBDCs, which are not money either. CBDCs are only a payment mechanism linked to wonderful fiat currencies, like the US dollar, but they will save the monetary system. Or maybe not.

Digital Money Isn’t Money. Perhaps a Tool of Control?

Digital Money Isn’t Money. Perhaps a Tool of Control?

Decentralized cryptocurrencies, like Bitcoin, are being seriously challenged today by rapidly developing, government-controlled, Central Bank Digital Currency (CBDC) technologies. 112 countries, representing over 95 percent of global GDP, are exploring a CBDC. This is a big problem, since any type of digital money is not money. Real money is very different. Do you know why?