Venezuela just set up a new website to welcome payments in BitCoin and LiteCoin !!!
https://bitcoinist.com/venezuela-bitcoin-mastercard-visa/
But, the country is experiencing power blackouts ???
https://www.nytimes.com/2009/11/11/world/americas/11venez.html
DANG!!! Socialism just can not catch a bid !?!?! :D
This cracks me up! Just the other day I was being trolled by people who were claiming that BitCoin was the new Gold.
NOT !!!
Physical Gold and Silver STILL beat the snot out of BitCoin and LiteCoin, IMHO.
There's just no substitute for, "The Real Thing."
The vast majority of merchants - worldwide - still do not accept cryptocurrencies as a form of payment. That will change, at some point in time, going forwards. But, you still must have an internet and electrical infrastructure in place to confirm you transactions with cryptos. This is not the case with real, physical gold and silver - which I chose to go LONG on about 2 years ago.
Since taking this picture, my personal stack has grown by 27 ounces. And, it will only continue to grow. So, when the dollar goes KAPUT, what will you be holding??? What will your power-grid be looking like at that point in time???
I'm not saying that cryptos don't have their uses. They clearly do. However, real gold and silver remain my favorite asset for these interesting times, for the forseeable future.
I think you should get some, too!
DISCLAIMER: I am not a financial advisor. Anything in the above content is meant for educational/entertainment purposes only. Do not make trades based on this article. I am not responsible for any financial gains or losses you make in regards to this information.
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