Need a little bigger view of cryptos? With every random company making their own cryptocurrency, their own blockchain and touting their horn, it's obvious that the depression of all cryptos is influenced by the heavily saturated market. Tens of thousands tokens, cryptos, ICO's, all being hammered into our minds and sheep buying into everything that is being sold to them, have left an ugly footprint on the markets. Only a few cryptocurrencies can emerge from this battle and be a store of value.
CNBC, via businessinsider.com
Peter Thiel, a venture capitalist and investor, has an opinion, that clicks with me. He says that he wouldn't be able to suggest that people should head to the markets and hoard cryptos into their portfolio at these great prices, because according to him, only one will be the true digital equivalent of gold - and probably that will be Bitcoin.
But what about the massive downward pressure, even on Bitcoin? Thiel, as a major investor, has probably much better insight and grasp of the markets than most of us. He argues:
"Any of the objections most people would have to bitcoin are the same objections people would have had to gold," he said. "But money is a bubble that never pops ... and there is this bubble-like aspect to money that can be quite stable."
Wanna see the full story? Catch it at businessinsider.com
Want a contactless crypto debit card? Perhaps it's time to revisit this post from last week, where we reviewed options for various debit cards. Until now, Europeans were stuck with Mastercards only. To get just a quick update, head directrly to this Google Sheet table, that's updated by the fine folks at coinvigilance.com
Wirex will probably be the first to ship VISA crypto debit cards in Europe. According to their recent announcement, "Wirex Brings Back Card Spending in Europe", Wirex cards are already available to UK customers, with contactless plastic cards for the rest of Europe being rolled out in already the next few weeks with Japan and South East Asia to follow soon.
The best part is that upon loading cryptocurrencies on the debit cards, the funds will be converted to fiat before topping up the card, essentially protecting users from the wild crypto swings. This comes as excellent news at the time of the "Great Crypto Depression", while it might leave you a little disappointed when the markets are in bulltrends.
Read the full Wirex announcement here wirexapp.com
If you are a Bitwala fan, keep an eye on them also and their pet project - a crypto bank.
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