As I sit here in the Caribbean, Trinidad to be exact, away from corporate America, sipping my morning tea, I am pondering the outlook for Bitcoin and Cryptocurrencies in 2019 and beyond. As I put things into perspective, I came to the realization after witnessing another FED rate increase this month, is that if we were to look at the Federal funds rate history we would see that since 1980 till now we have been in an overall bear market.
The current federal funds rate as of December 20, 2018, is 2.40%. We should note the Effect of Interest Rates on Inflation and Recessions. Whenever interest rates are rising or falling, you commonly hear about the federal funds rate. This is the rate that Banks use to lend each other money. Because higher interest rates mean higher borrowing costs, people will eventually start spending less. Which means that most in society are not seeing any form of prosperity, but the Banks and Bankers Win, I know I see them here in the Caribbean all the time on their luxury yachts,
Here is an ‘ism’ for you, Medicare and Social Security is socialism because they are designed to help society. Bailing out banks is plutocratic capitalism because it’s designed to help the Financial Elite at the expense of general social welfare function.
With that in mind, I am optimistic about the future of Bitcoin and strengthen my resolve in Distributed Ledger Technology and the Internet of Money. Cryptocurrencies have provided the single biggest investment opportunity known to man, making it possible for anyone regardless of their backgrounds and location to make their own fortune. So full your bags with Crypto and HODL! HODL! HODL!, and Oh! Before I forget, a World Crypto Credit is here. I will post on it after I test drive it…“Soon Come”