Over 2.98 trillion dollars has been invested in cryptocurrency according to Forbes, and new investors continue to flock onboard, and all for what you might ask, possibly a worthless token? That just isn't the case according to savvy investors!
When Trump was rallying to be elected as president of the USA for his second term, he used the catchphrase, ‘America will be the cryptocurrency capital of the world’. It was used to get more followers behind him, but the reality was it created massive gossip which spiraled a bull market and crypto funds investors were loving it!
Actually, for those unaware, Trump had just one million dollars invested in cryptocurrency from his $4.5 billion fortune when he ran for office last year. then leading up to taking office on 20th January, 2025 he launched his own $Trump token and apparently its gone wildly bullish! Now my research says he has two million dollars invested. Those against Trump are completely opposed to a government official launching inside his four year term. No wonder he launched moments before entering office.
Bitcoin’s value stunned the world when it shot up to almost $107 thousand dollars per token after Trump's positive comments in mid-December 2024. Now though it has come back down to earth at under 80k (10/03/2025). The truth is many investors board the ship because someone has convinced them, and if you think about it; who doesn't want to make a ton of money? Those invested promote cryptocurrency like no body's business.
Cryptocurrency is massively risky. There are thousands of funds which are not regulated, but rather crypto exchanges facilitate investors from all walks of life. It isn’t all speculation as savvy people are aware that having digital currency is an efficient method to transfer tokens which should be worth monetary value. Imagine if 20% of the market wanted to cash in their stake, then US$600 billion would need to be found. Tokens at 80k each are easy to provide, but if and when real funds need to materialise it is another story.
However, not everyone accepts tokens as payment, as banks object to having their business interfered with, and consequently it is going to take some time, if it ever happens, before the business world as a whole is going to welcome cryptocurrency with open arms.
It could happen, it might not, but it is a very real possibility as the scope of probability behind such a scheme provides a new internationally dimensional proposal. Getting it right is mega-progressive for which I personally believe could go sour at any moment. If it is to make headway on the worldwide stage then it will require international cooperation across the board.
That situation seems very unlikely, as currently the world is split between hard line far right, woke, and the rest in between which doubles down on resolving the issue. Therefore, many play it safe, like me, and avoid any involvement.
The International Monetary Fund (IMF) was established in 1944, and came into operation in 1945. The IMF was created after the Great Depression of the 1930s. The IMF's goals include financial stability, monetary cooperation, and economic well-being.
Banks are investing tons of money into developing their own digital pathway via blockchain and we have to remember that international monetary policy would only allow tokens or what some people are calling monopoly money transactions if there is a unanimous agreement around the globe. However, statistics are showing we are a long way away from that.
Economists are saying that Bitcoin was designed by its pseudonymous inventor, Satoshi Nakamoto, to work as a currency, but its status as a currency is disputed. Economists define money as a store of value, a medium of exchange and a unit of account, and agree that bitcoin does not currently meet all these criteria.
In 2024, 6.8% of the global population, or around 562 million people, owned cryptocurrency. This represents a 33% increase from the previous year.
Cryptocurrency adoption by region
North America: 72 million
South America: 55 million
Europe: 49 million
Africa: 44 million
Asia: 327 million
Oceania: 3 million
Important to note is that less than 50% are true believers while more than 50% of these investors are purely dabbling with perhaps 2% of their investment portfolio in case their bet pays off. The term bet is used because the market is so volatile where cryptocurrencies are concerned, and investing in an unpliable market doesn’t make a lot of sense to the majority.
There have been many corrupt and unscrupulous crypto funds which have wiped out people's savings. It's comparable to horse betting, or gambling in casinos or online websites that we all know are in favor of their owners.
There are winners and losers, as Trump said in his Netflix film. However, for those wise enough to think for themselves, to dabble with gambling is playing with fire.
Take care!
Prof. Carl Boniface
Vocabulary builder:
Like no body's business (idiom) = to an extraordinarily high degree or standard.
"These weeds spread like nobody's business." (weeds = ervas daninhas)
All walks of life (idiom) = used to refer to people who have many different jobs or positions in society.
Scope (n) 1. the extent of the area or subject matter that something deals with or to which it is relevant. "We widened the scope of our investigation." 2. the opportunity or possibility to do or deal with something. "The scope for major change is always limited by political realities." (v) 1. assess or investigate (something). "They'd scoped out their market." 2. Informal-North American: look at carefully; scan. "They watched him scoping the room, looking for Michael."
Pseudonymous (adj) = writing or written under a false name. "The pseudonymous author of this mystery is inventor, Satoshi Nakamoto."
Unpliable (n) = means not easily bent, stiff, or stubborn. For example, you might describe a person's mind or a substance as unpliable.
Playing with fire (idiom) = "Playing with fire" is another idiom that means to act in a dangerous way or to do something that could cause you trouble. For example, you might say "You're playing with fire if you drive on icy roads".
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