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We have seen investors and consumers alike deliberate about what the economy will look like post-pandemic. As the world emerges from the crisis, industries that have been shut down will be left surveying the widespread damage, some of it permanent. Consumers will likely be split between the fortunate ones that have been able to work and others whose livelihoods have been compromised as a result of the shutdown.

To mitigate the sever economic impact, governments and central banks globally are printing and distributing extra money to prop up parts of the economy which can no longer function at pre-Covid capacity levels. In the UK alone, an estimated 123bn has already been plugged into the economy and there are estimates that Bank of England stimulus levels could peak at 1 trillion.

Despite the argued necessity of these measures, it is almost impossible not to question the impact on inflation. This massive increase in governmental quantitative easing will have an impact on the global economy, and for asset prices in particular. While inflation is defined as the rate at which the average price level that particular goods and services increase over a period of time, its easier in this context to regard it as the result of a decrease in purchasing power.

As a result, investors will often look safe-haven assets that could provide a hedge against rising prices and avoid the destructive impact of inflation. Gold price is one indicator, and at the time of writing it is seeing a ten-year high while Londons FTSE 100 tumbled 2.8 per cent, and the Eurex Exchange reported a 59 per cent month-on-month decline since April volume. Historically gold had been used as a hedge to protect against economic events including inflation or currency devaluation. Although we can expect this use to continue as a popular option, the pandemic has shown a shift in consumer interest to other safe haven asset classes.

Cryptocurrency is an alternative method of inflation protection which should not be overlooked. Although previously appearing as counterintuitive due to perceived volatility, digital assets have held their own against the stock market, unlike other commodities such as oil. The value of oil has crashed due to vanishing demand and a resulting supply excess causing the price to fall to negative value.

While the comparison between gold and crypto has some nuances the broader theme of Bitcoin as a protective hedge against inflation has broken through especially after the BTC halving we saw in early May. This event has brought attention to Bitcoins controlled supply, with only 21 million max tokens being permitted. At a time when more paper currency is being created in circulation, the amount of Bitcoin halving is causing investors to look away from government-backed paper. While also highlighting the use of cryptocurrency generally as a means of exchange within a more digitally oriented world economy.

In contrast, digital assets have seen a different story. Without the worry of political interference and variable supply rates, cryptocurrencies can benefit from being a less vulnerable investment in times of crisis. We have seen that Bitcoin is still up 22 per cent from a year ago. Newer coins like Tezos are up around 30 per cent so far this year. Both digital currencies highlight that crypto volatility is potentially a sign of the past, especially when compared to the volatility in traditional asset markets.

With crypto trading operating 24/7, 365 days a year with instantaneous settlement while traditional equities still have fixed trading hours and have a settlement cycle of T+3, crypto can provide even more perceived security and flexibility for investors. Cryptocurrencies can also be used as a tool for portfolio diversification and as a method of protection against the economic and political uncertainties to come.

We have witnessed economic disruption before, across ongoing periods of hyperinflation in Venezuela and Zimbabwe more recently, and in Weimar Germany in the 1920s. While it is not helpful to draw comparisons across these countries or their respective banking systems, it is worth taking note of the value crypto offers in terms of being an alternative to unstable national currencies.

Well-known investors such as Paul Tudor Jones are buying bitcoin, saying that his fund may hold as much as a low single-digit percentage of assets in bitcoin futures a measure to protect against a rise in inflation. While Mike Novogratz stated that 2020 will and needs to be Bitcoins year, underlining further investor confidence in digital currencies. Data reinforces this view, by looking at results from the crypto asset manager Grayscale. In Q1, inflows north of $500 million, more than doubling its previous best quarter. Almost a third of this capital came from new investors and most being institutions. Almost every indication that inflationary fears shall add to the tailwinds already powering fresh investment in cryptocurrency, among them institutional involvement and improving regulation.

Bitcoin is inherently structured to encourage a deflationary approach and a relatively stable store of value acting as a true alternative to hedge against inflation, as well as the policies that precede it.

While digital assets emerged out of the embers of the 2008 financial crisis, we can only speculate what technological innovations will rise post-pandemic. Hopefully, the global economy will allow cryptocurrencies to solidify their place in future investment portfolios as it currently demonstrates strong performance and price sustainability.

We are beginning to see the early signs are already there, that investors are turning to cryptocurrencies both as a key tool for diversification and a hedge against uncertainties to come. Ultimately, we are just at the tip of the iceberg when it comes to truly understanding the vast opportunities that digital assets and blockchain for transforming the global economy and we are ready for this challenge.

Stephen Stonberg, COO and CFO, Bittrex Global

Original post:
Cryptocurrency as an alternative during times of inflation - ITProPortal

A new docuseries called Open Source Money recently aired on July 4 and premiered on the Discovery Science channel. The new show gave millions of Discovery viewers information concerning bitcoin, cryptocurrencies, initial coin offerings, and blockchain technology. The cryptocurrency-focused show airing on Discovery will continue this summer with a number of episodes broadcasting once a week.

Open Source Money is the name of a new docuseries that aired on Saturday and premiered on the Discovery Science channel and the on-demand television provider Philo. The new series gives viewers insight into the cryptocurrency ecosystem by talking with a number of digital currency experts and luminaries like Brock Pierce and Charles Hoskinson.

The focus of the story is mainly about the Dragonchain (DRGN) initial coin offering (ICO) and how the projects creators had to deal with the United States Securities and Exchange Commission (SEC).

Dragonchain was also initially developed in 2014 at the Walt Disney Company branch in Seattle, but since 2016, the project and Disney severed relationships. The series Open Source Money was produced by the firm Vision Tree and the company raised $1 million via a variety of cryptocurrencies for filming.

The episodes feature Dragonchains issues with the SEC when the U.S. regulators deemed the project an unlicensed security. The episodes also feature the Chamber of Digital Commerce founder Perianne Boring, the notorious John McAfee, and Celsius Networks Alex Mashinsky.

Reports say that Patrick Byrne will also star in one of the five parts filmed for the series. Despite the fact that the filmmakers follow the Dragonchain creators around for a bit, the first episode also acts as a Bitcoin 101 lesson.

The shows theme also focuses on the current regulatory attitude toward cryptocurrencies in the United States. The show will air on Discovery Science and Philo at 10 a.m. ET every Saturday until the finale.

Discovery is an extremely popular channel with an 81 million U.S. network audience and six million in Canada. Outside the U.S., 2019 data shows that the Discovery network has well over 450 million viewers worldwide. Discovery Science is a subset of the official Discovery network of channels and can be found in most locations worldwide.

The San Francisco-based and Mark Cuban-backed on-demand streaming network, Philo has roughly 50,000 subscribers.

Each episode highlights major contributors in the cryptocurrency revolution, including notable figures Patrick Byrne, Brock Pierce, Joe Roets, and companies the likes of Disney, Facebook, and more, explains the Open Source Money website. The websites welcome page adds:

Overall humanity is at a crossroads and the future of money as we know it will be transformed by Blockchain and the new internet of Value. The only question is, where will the US stand in the Space Race of our generation when the dust settles?

The website also notes that theres a provably fair 500,000 DRGN giveaway and viewers need to find clues each week in order to win. According to the Open Source Money docuseries web portal, after each episode the clues can be used to find the elusive treasure.

This weeks question has a number of keywords and numbers that the viewer must choose in order to participate in the contest.

Words and numbers featured this week included: 1776, Pizza, Nascar, Cheesballs, Disney, Ramen, Beaxy, Hyundai, Seattle, or Avacodo Toast. After each episode, a weekly prize winner will be selected, explains the docuseries producers. All correct answers, from the start of the contest, are entered into the Grand Prize drawing.

The Open Source Money trailer can be seen below, while Philo and Discovery Science subscribers can watch from those channels.

What do you think about the Open Source Money docuseries? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, opensourcemoney.tv

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Cryptocurrency-Focused Docuseries Airs to Millions of Viewers via the Discovery Science Channel - Bitcoin News

Theres more to trading cryptocurrency than the actual trading process it takes an efficient trading strategy. Beginners, and even some professionals, rely on outside help to make profitable trades.

This need for outside help is the reason behind crypto trade signals, which are designed to help people understand and master cryptocurrency trading. Here is more information aboutcryptosignalsand their role in trading.

It takes a degree of knowledge and a reliable strategy to make a profit from any kind of trading, including crypto trading. Not everyone has that knowledge, and not everyone can create those strategies.

Even basic strategy, such as alternating between short-term traders and long-term investments, doesnt apply to everyone. Theres still the matter of choosing the right coins to trade and which ones to avoid. This is where cryptocurrency trading signals come into play.

These signals are the result of plenty of analysis of the current market situation. Signals can help traders to make the right decision on a trade. Some traders can misunderstand the market when trying to come up with these predictions themselves. This is something best left in the hands of capable professionals.

Crypto signals are basically the cryptocurrency version of insider information and stock market tips. Providersanalyzethe market to predict the best trades to make. Please note, however, that these predictions rarely come from actual insider information on the market and are often the result of careful analysis.

Cryptocurrency signals are generally good practice and a reliable source of information. These signals can help you learn more about different coins and how they are performing, as well as offer advice on when to buy and sell coins for the most profit.

Perhaps the most significant role of cryptocurrency signals in trading is that they facilitate trades. Beginners can use signals to get started with their trades and learn more about trading. Signals offer valuable knowledge about cryptocurrencies and are a great learning resource.

By using signals, traders can determine the best way to manage their capital, how to manage to stop losses, how to set and change targets to reach the most significant profit potential, and more. Crypto signal channels are an excellent source of information that is otherwise difficult to come by.

Theres more to crypto signals than just that, though. Theres more to these signals than only the knowledge they offer. Traders can use these groups to maximize their profits. By finding the right signal providers and cooperating with them, beginners and experts alike can find the best buy and sell positions.

Crytposignals help traders avoid the problem of analysis paralysis. Analysis paralysis is when traders get so caught up in analysis and contemplation that they fail to act in time. It is one of the biggest problems preventing people from being successful. Signal providers do all of the work for you so you dont get caught in your own head, wondering if you should make the trade.

Crypto signals are easy to use and offer better results from trading in less time. They provide a level of flexibility and convenience for traders looking to take advantage of the limitless potential of the cryptocurrency trading market. Theres always some trade waiting to be made on this broad market, so having a way to get tips on the newest and biggest trades is worth your time.

Its worth investing in crypto signals, whether you are a new trader or have years of experience. These signals are sure to improve your trading activity. They offer new investors the chance to build their portfolio and make money as they learn the ropes of trading. They provide experienced traders with the ability to broaden their horizons and increase their profitability by branching out more and buying different currency pairs.

The long and short of it is that crypto trading signals offer users the chance to earn and learn all at the same time. So long as you choose the right provider, you are sure to make some profit by following their advice. Given that these providers offer clear, detailed information about their signals, youll also have the chance to learn from them and create a suitable system and strategy all your own.

Crypto signals are similar to the insider information people use on the stock exchange. These signals are based on research and analysis performed by people who have a deep understanding of the crypto market.

These recommendations generally involve buying or selling a particular crypto coin, making investments in new ICO projects, and taking part in a pump and dump strategy. Keep in mind that not all signal providers are created equal. Put a little due diligence into finding a good provider, so you dont lose more money than you make.

Continued here:
What are Cryptocurrency Signals and their role in trading - TechGenyz

A recent report published by QMI on cryptocurrency market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of cryptocurrency market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for cryptocurrency during the forecast period. It can enable manufacturers of cryptocurrency to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, the availability of the decentralized system and the absence of fees on transactions is expected to drive the growth of cryptocurrency market during the forecast period.

Cryptocurrency can be termed as a virtual currency that is used as a medium of exchange and transaction which is secured and has gained much popularity in todays economic world. Most of the important transactions have now shifted to the use of cryptocurrency and a huge segment of the market is now shared by these currencies.

Growth in the number of digital transactions and the availability of a much-secured transaction through cryptocurrencies are the key factors for the growth of Global Cryptocurrency Market. The absence of interest rates or exchange rates on transactions has enabled it to gain worldwide recognition and has led many people to invest in this market. Many other benefits like protection from fraud, low fees, quick international transfers and non-regulation of transactions have led to the growth of the global cryptocurrency market.

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Some of the key Impact Factors:o Secured transaction facilitieso Availability of decentralized system and absence of fees on transactionso Unavailability of Government regulations

Insights about the regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market.For cryptocurrency market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be major regions on the cryptocurrency market.

North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and the presence of global companies to cater to the potential end-users are favorable for the growth of cryptocurrency market. Also, most of the leading companies have headquarters in these regions.

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The Asia Pacific is estimated to be one of the fastest-growing markets for cryptocurrency market. Major countries in the Asia Pacific region are China, Japan, South Korea, India, and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of cryptocurrency market. The Middle East and rest of the World are estimated to be emerging regions for cryptocurrency market.

By Application:RemittanceTradingE-commerceRetailPaymentOthers

By Process:TransactionMining

By Offering:HardwareGPUASICFPGAWalletSoftwareOthers

By Region:North AmericaBy Country (US, Canada, Mexico)By ApplicationBy ProcessBy Offering

Western EuropeBy Country (Germany, UK, France, Italy, Spain, Rest of Europe)By ApplicationBy ProcessBy Offering

Eastern EuropeBy Country (Russia, Turkey, Rest of Eastern Europe)By ApplicationBy ProcessBy Offering

Asia PacificBy Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)By ApplicationBy ProcessBy Offering

Middle EastBy Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)By ApplicationBy ProcessBy Offering

Rest of the WorldBy Region (South America, Africa)By ApplicationBy ProcessBy Offering

Companies:Bitmain, NVIDIA, Xilinx, Intel, Advanced Micro Devices, Ripple, Bitfury, Ethereum Foundation, CoinBase, BitGo, and Binance

Reasons to buy this report:Market size estimation of the cryptocurrency market on a regional and global basisThe unique research design for market size estimation and forecastsProfiling of the major companies operating in the market with key developmentsBroad scope to cover all the possible segments helping every stakeholder in the market

Customization:We provide customization of the study to meet the specific requirements:By segmentBy sub-segmentBy region/ country

Contact:Quince Market InsightsAjay D. (Knowledge Partner)Office No- A109Pune, Maharashtra 411028Phone: +91 706 672 4848 +1 208 405 2835 / +44 121 364 6144 /Email: [emailprotected]Web:www.quincemarketinsights.com

ABOUT US:QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the worlds most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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Latest News On The Cryptocurrency Market | Intel, CoinBase, BitGo, and Binance - Owned