GLISH on Mercatox
Crypto AIArbENGLISH with ticker AIENGLISH on Mercatox
The year is 2019 and the global financial system is in trouble. Central banks are printing money and inflation is rising. Cryptocurrencies are seen as a safe haven from this inflation. Bitcoin, the first and most well-known cryptocurrency, has seen its price increase tenfold in the last year.
Other cryptocurrencies have seen similar price increases. Ethereum, the second largest cryptocurrency by market capitalization, has seen its price increase by over 3000% in the last year. Litecoin, the fifth largest cryptocurrency by market capitalization, has seen its price increase by over 400% in the last year.
Cryptocurrencies are seen as a safe haven from inflation because they are not subject to the same forces as fiat currencies. Cryptocurrencies are not subject to central bank manipulation or government control. They are also not subject to inflationary pressures.
