In the wake of the announcement of Libra by Facebook, it’s hard to know which direction to go when it comes to cryptocurrency.
Bitcoin has soared and dropped and taken off again numerous times in the last few weeks, and it seems all anyone can do is question the crypto system.
No matter what the bigwigs say though, I can tell you—cryptocurrency is here to stay.
How do I know?
Because one of the biggest economic movers in the world is going in on the industry, and it means HUGE growth for the world of crypto.
What economic mover am I referring to?
Believe it or not, it’s China.
This may come as a big surprise considering the outright ban on crypto that the Chinese government enacted in 2017.
It definitely shocked the industry—and international politics—when it was announced on July 8th that the People’s Bank of China would be sanctioning its own cryptocurrency.
The bank is reported to be working on a new crypto system through the popular social media app, WeChat, which has a mind blowing 1.1 billion users, making it a real competitor for Facebook.
But why the sudden flip on virtual coin systems?
The easy answer is that China is worried that Libra and other movers in the growing industry of virtual coinage will cause a US monopoly on currency.
When we think about the way crypto is set up—largely by and for American users—it is currently a US Dollar-centric system, so it’s a fair concern from China.
But what does this change mean for cryptocurrency in the future? And, more importantly, what does this mean for YOUR investments?
Well, in answer to the future of cryptocurrency, this move by the People’s Bank of China further cements the permanence of the crypto system.
It also suggests that the future of crypto will be dominated—not by the US—but by Asia, thanks to this announcement coupled with former Bitmain CEO Wu Jihan’s new crypto trading platform (Matrixport) based in Singapore.
In answer to what this means for your investments—the news indicates that crypto, though volatile, has even more potential for profits now than ever before. Crypto is quickly becoming the hottest ticket on the market, with economists estimating yet another surge in bitcoin in the coming weeks.
Why? Because it’s the next big thing, and people are starting to realize it.
Now may be your last chance to get in on this virtual goldmine.
With bitcoin at the heart of the crypto-craze, I would suggest hopping on the bandwagon before it gets weighed down.
If you act fast and smart, you can find yourself with 62% gains in less than a month! That’s a minimum of $4,841 in profits. If you invest more than the minimum, the sky’s the limit on the amount you can rake in with crypto!
Get ready to ride the next wave of very real profits for virtual coins!
