BIG BACKERS ARE BEHIND FACEBOOK’S CRYPTOCURRENCY, LIBRA
We are all aware of the hype around the upcoming launch next year, 2020, of Facebook’s new cryptocurrency, Libra, but what does it actually mean for the cryptocurrency arena, and will it be successful? In the latest news from over the weekend, it has been confirmed that Visa, MasterCard, PayPal and Uber are among only some of the major firms that will invest in the cryptocurrency. It has been announced that the financial, e-commerce, venture capitalists and telecommunications firms will invest around $10 million each. The money invested by the companies will be used to fund the creation of the …
BITCOIN – INDISPUTABLY THE BEST INVESTMENT OF 2019
Bitcoin (BTC) is leading the way in the investment arena, being crowned the best investment of 2019, recognised by the Wall Street Journal as the biggest winner. BTC is running circles around all other asset classes and as a result this is not something any assertive Wall Street investor should ignore. Bitcoin has rallied by more than 50 per cent after it experienced lows in 2018. BTC was not alone in experiencing a disastrous 2018, with 87 per cent of all other assets including stocks, commodities, bonds and credit markets experiencing slumps. Nonetheless, in April 2019, BTC made an intense …
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