Cryptocurrency Can Fix a Sinking Economy, Even as Stock Market Booms

Cryptocurrency Can Fix a Sinking Economy, Even as Stock Market Booms
ôîòî ïîêàçàíî ñ : beincrypto.com

2020-1-6 17:24

\n

Anyone paying attention to financial news couldn’t have missed that the stock market is on its longest bull run in history. But is this always a good thing, and how can cryptocurrency factor in?

This is often reported as though it is good news for the economy, but the opposite is the case. The only real question is how a new system, powered by decentralized assets, may help to turn the global economic landscape of tomorrow into one of equality and stability.

Recently, national correspondent at The Week, Ryan Cooper, made a case for just how the current rise in the stock market is actually a measure of the growing wealth inequality and not a useful metric for the entire economy. In a nutshell, Cooper lays out how even though 55% of Americans are invested in the market, in truth just one-tenth of the nation’s citizens are holding over 86% of all assets.

The next tenth owns only 9%, and the following tenth about 2%. The numbers become negligible lower than this, meaning that the current health of the stock market is really just measuring the accumulation of wealth in the highest echelons of our economy.

How Did We Get Here?

This has all happened because the market and economy are no longer run the way they were intended, hence why cryptocurrencies came to be. Originally, owning stock was seen as a way to share the value a company generated. However, in the last several decades the focus has shifted towards securing increasingly high profits for shareholders, at the cost of employee’s wages and quality of product.

Due to this, most major companies are now paying their workers the very least they can, offering products and services that have seen minimum acceptable funding, yet every year are offering larger returns to investors. As Cooper explains:

“The fraction of GDP going to labor has fallen sharply since the 1980s, while the fraction going to corporate profits has increased sharply, and the share of income and wealth taken up by the very rich has skyrocketed.”

You can actually see on the charts more or less how the ’80s kicked off a period of growth in the market that has largely carried on since, with only a few hiccups.

How Can Cryptocurrency Fix This?

While Bitcoin and its brethren were literally created as a response to this type of excess, it remains unclear if they can usher in a better economic era. One of the promises of decentralized technology is that no single authority should be able to control the money supply, and some assets like Bitcoin seem to be doing a decent job of providing this.

If existing and future projects can disseminate to mass adoption before “old-money” gets too involved, then perhaps the transfer of wealth that cryptocurrency fans dream of could really occur. However, there is another possibility.

Realistically, the legacy system and Wall Street aren’t just going to go away because of Bitcoin. Exactly what will happen remains unclear, but there is no shortage of evidence that the existing financial behemoth is beginning to take cryptocurrency seriously, and may already be working on means to hijack the assets for themselves.

Combine this news with the troubling stance that China has been taking towards blockchain, and it is clear the “old world” has no intention of rolling over without a fight. Whether the next generation will know a society where wealth moves freely and is rarely amassed or a dystopia where the few continue to control the many, remains to be seen.

The post Cryptocurrency Can Fix a Sinking Economy, Even as Stock Market Booms appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Goodomy (GOOD) íà Currencies.ru

$ 0.0002667 (-0.99%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: -6.78 %, 7d: -19.37 %
Cåãîäíÿ L: $0.0002667 - H: $0.0002749
Êàïèòàëèçàöèÿ $165.511k Rank 99999
Äîñòóïíî / Âñåãî 620.509m GOOD

good cryptocurrency stock market economy fix sinking

good cryptocurrency → Ðåçóëüòàòîâ: 126


Cryptocurrency Funds are Still in an Awkward State in 2019

It has not been a good year for cryptocurrency funds, depending on how one interprets the new reports coming out. From a longevity point of view, the current statistics are borderline alarming. The State of Cryptocurrency Funds in 2019 Several dozen crypto funds have shut down throughout 2019, primarily due to very little price action […] The post Cryptocurrency Funds are Still in an Awkward State in 2019 appeared first on NullTX.

2019-12-7 02:00


Bitcoin (BTC) does not look good for the bulls

One of the most prominent technical analysts in the crypto community believes that Bitcoin is bound for a downward push. But is it realistic? The following technical analysis will attempt to determine the fate of the flagship cryptocurrency Bitcoin is done for a while Eric Thies, a cryptocurrency enthusiast and self-taught analyst, recently stated that […] The post Bitcoin (BTC) does not look good for the bulls appeared first on CryptoSlate.

2019-12-3 13:20


Crypto Analytics Firm Says “Deciding Moment” for Bitcoin Price as BTC/USD Hovers Around $8,500

As per the weekly on-chain market observations made by blockchain analytics firm Glassnode, as the market moves sideways, this is a “deciding movement” for the Bitcoin price. 2019 is coming to an end and the leading cryptocurrency is well on its way to make a good end of the year. Starting at around $3,700, we […]

2019-11-16 19:12


Ôîòî:

Facebook’s Libra ‘cryptocurrency’ is turning into a soap opera — and it’s gonna be a long season

Facebook’s controversial ‘cryptocurrency’ project is turning into a bit of a soap opera, starring the tech giant and regulators as the main characters. Just yesterday, Germany’s finance minister Olaf Scholz said the departure of several high-profile partners from the project was a good sign, but unsurprisingly the Libra Association had a different take altogether.

2019-10-16 12:48


Ôîòî:

After 3 weeks of stagnation, traders say Bitcoin poised to see big volatility

Following three weeks of stagnation, technical analysts anticipate the bitcoin price to see large volatility in the short term as it looks to test important levels. Cryptocurrency trader Josh Rager said: “With three weeks of sideways and the Bollinger Bands starting to pinch, Bitcoin price could see some volatility soon Good news is that the […] The post After 3 weeks of stagnation, traders say Bitcoin poised to see big volatility appeared first on CryptoSlate.

2019-10-14 14:33


Ôîòî:

Moonday Mornings: eBay, Mastercard, Visa, Stripe, and Mercado Pago leave Facebook’s Libra Association

Good morning forkers, it’s that time of the week again. It’s Hard Fork’s wrap-up of the weekend’s cryptocurrency and blockchain headlines you shouldn’t miss. Let’s get to it. 1. Facebook‘s “cryptocurrency” Libra is facing yet more challenges as Mastercard, Visa, eBay, payment system provider Stripe, and South American partner Mercado Pago have pulled out of the troubled project, The Financial Times reports.

2019-10-14 11:40


Bitcoin-Rabid Japan Gleefully Cheers Facebook’s ‘Killer App’ Libra

Facebook’s plans to launch a cryptocurrency are an indication that blockchain technology has come of age and is ready for prime time, especially in Japan. According to the chairperson of the Japan Security Token Association, Go Masuda, Libra is blockchain’s second “killer app,” after Bitcoin: “The industry lacked a good use case of blockchain technology.

2019-10-3 21:18


Ripple’s Asheesh Birla claims Securities Law is a good thing for digital assets

Ripple has maintained an arm’s length distance from XRP’s performance in the cryptocurrency market, but it is covering ground in terms of XRP adoption. XRP recently received native support on Coil via Bitpay, a development which would enable massive adoption of the third-largest crypto not only for people trading in crypto, but thousands of businesses […] The post Ripple’s Asheesh Birla claims Securities Law is a good thing for digital assets appeared first on AMBCrypto.

2019-10-3 17:30


Ôîòî:

Did Bitcoin Crash Or Dip? Crypto’s Trajectory Moving Forward

Given the decline of cryptocurrency markets over the past week, it may be a good time to put things into perspective about the latest dip. While the usual advice to ‘zoom out’ is scant comfort during a bear season, it may be reassuring to note that many of bitcoin’s metrics are still in an upwards […] The post Did Bitcoin Crash Or Dip? Crypto’s Trajectory Moving Forward appeared first on Crypto Briefing.

2019-9-28 21:31