Best of the Week
Most Popular
1. Best Cash ISA Savings Account for Soaring UK Inflation - February 2018 - Nadeem_Walayat
2.Gold Price Forecast 2018 - February Update - Nadeem_Walayat
3.Bitcoin Crypto Currencies Crash 2018, Are We Near the Bottom? - Nadeem_Walayat
4.Trump Bubble Bursts, Stock Market Panic Dow 1175 Point Crash Analysis - Nadeem_Walayat
5.Gold Corrects, Bitcoin Markets Crash, Whilst Stocks Plunge - Nadeem_Walayat
6.US Treasury Bonds: Fuse to Light the Bonfire - Jim_Willie_CB
7.Dow Falls 666 Points As Cryptocurrencies Crash And Krugman Emerges From His Van - Jeff_Berwick
8.Stock Market Roller Coaster Crash Ride Down to Dow Forecast 23,000 - Nadeem_Walayat
9.Trading the Shadows - Oil, Dollar, Stocks, Gold Trend Analysis - B.R. Hollister
10.Stock Market Analysis: Baying for Blood - Abalgorithm
Last 7 days
How Inflation Reduces The Real Value Of Social Security Net Of Medicare Premiums - 19th Feb 18
Could Stellar Lumens be a Challenger to Bitcoin for International Payments? - 19th Feb 18
US-China Trade War Escalates As Further Measures Are Taken - 19th Feb 18
How To Trade Gold Stocks with Momentum - 19th Feb 18
Is a New Gold Bull Market on the Horizon? - 19th Feb 18
Stock Market Decision Point! - 19th Feb 18
An Inflation Indicator to Watch, Part 1 - 18th Feb 18
Get on Top Of Debt Before It Gets on Top of You - 18th Feb 18
Will the Stock Market Make a Double Bottom? - 18th Feb 18
5 Reasons Why Commodities Are the Investment Place to be in 2018 - 18th Feb 18
1 Week Later, Stock, Bond Market Risk Remains ‘On’ as 2 of 3 Amigos Ride On - 17th Feb 18
Crude Oil Prices: A Case of Dueling Narratives? - 17th Feb 18
Free 1000 Youtube Subscribers Services - YTpals, Subpals, SubmeNow Test - 17th Feb 18
How to Trade as We Near March Stock Market Top - 16th Feb 18
Bitcoin as Poison - 16th Feb 18
GDX Gold ETF Weathers Stock Market Selloff - 16th Feb 18
Casino Statistics and Demographics - 16th Feb 18
IS Today Thee Stock Market Turn Day? - 16th Feb 18
Huge SMIGGLE Shopping HAUL, Pencil Cases, Drinks Bottles, Back Packs, Toys.... - 16th Feb 18
Tesla Cash Keeps Burning at $320 a Share - 15th Feb 18
Big Conflict Ahead in the Financial Markets - 15th Feb 18
Stocks Extend Rally Off Friday's Low, But Short-Term Exhaustion Near - 15th Feb 18
Stock Market Out on a Limb... - 15th Feb 18
Things Only a True Friend Would Say About Gold - 14th Feb 18
Global Debt Crisis II Cometh - 14th Feb 18
Understanding Crude Oil Behavior - 14th Feb 18
Stock Market is Getting Scary... - 14th Feb 18
Stock Market - This Time is Different. Really?! - 13th Feb 18
Gold and Silver Long-term Buy, Short-term Sell Signal - 13th Feb 18
SPX Futures Are Sliding... - 13th Feb 18
Stock Market Topping Process Begins. The Bubble Finds its Pin - 13th Feb 18
Math Behind the Stock Market Crash and What’s Next – PART2 - 13th Feb 18
Gold Stocks Groundhog Week - 13th Feb 18
Platinum Looks Poised for Surprising Gains This Year - 12th Feb 18
Friday's S&P 500 Stock Market Bounce To Continue, But Selling May Resume - 12th Feb 18
The Inflation Trade and Bond Yields Rising Result in Equities Correction - 12th Feb 18
February 2018 Stock Market Crisis – What Next? - 12th Feb 18
How To Profit From The Bitcoin Bloodbath - 12th Feb 18
The Philippine Economic Dream Could Be Within the Reach  - 12th Feb 18
Is the Stock Market Correction Over? - 12th Feb 18
What Does the Stock Market Decline Mean for Gold - 12th Feb 18
Addicted to SMIGGLE Mega Review, Pencil Cases, Stationary, Back Packs, Drinking Bottles, Toys... - 12th Feb 18
Best Cash ISA Savings Account for Soaring UK Inflation - February 2018 - 11th Feb 18
The Fed’s Impossible Choice, In Three Charts - 11th Feb 18
US Stock Market, Gold, Silver and the Macro Backdrop - 11th Feb 18
After Two weeks of Stock Market Decline, People Are Ssking, “Are We There Yet?” - 11th Feb 18
How to Grow Tomatoes From Seeds, Homegrown Organic Money Saving Gardening - 11th Feb 18
Youtube KILLS ALL Small Channels with New DeMonetization Rules - 11th Feb 18

Market Oracle FREE Newsletter

Urgent Stock Market Message

Bitcoin Hits New All Time High Near $3,000 As Cryptos Surpass $100 Billion Market Cap

Currencies / Bitcoin Jun 07, 2017 - 12:45 PM GMT

By: Jeff_Berwick

Currencies

Are we witnessing the biggest wealth transfer in human history? A case can certainly be made for it.

One year ago, cryptocurrencies as a sector had a market capitalization of only $11 billion. Looking back even further, four years ago, the entire sector including bitcoin had a market capitalization of less than $1 billion.

As of today, it has surpassed $100 billion.


Bitcoin itself sits on the cusp of $3,000 as we speak.
$100 billion is still just a drop in the bucket of all financial assets. Business Insider has estimated the total value of all financial assets to be $294 trillion.

But, note, that most of our data and charts on cryptocurrencies doesn’t come from Bloomberg or Reuters. The majority comes from places like Coindesk and CoinMarketCap.com - small organizations mostly operated by anarcho-capitalists who have been in these markets for years while Wall Street is just starting to wake up to the fact that they better get into this market now.

This is a big shift. The world of money and banking may just be beginning to fall out of the control of Central Banks and Wall Street and into what has been mostly anarcho-capitalists, like myself, who have been investing in bitcoin since it was $3 in 2011.

Now, with it at near $3,000, that is a nice 100,000% gain for those of us who want to end central banking, communism, fascism and big government.

With cryptocurrencies skyrocketing, the number of anarcho-capitalist millionaires in the world has likely risen from about 10 to around 10,000. This will have massive repercussions in the coming years.

Even The Guardian has taken notice, trying to write a hit piece about it.

Of course, instead of calling us anarcho-capitalists and having a picture of someone like myself in a business suit, they found the only two people involved in cryptocurrencies who regularly wear masks!

As an aside, I interviewed masked Smuggler, back in 2012, when I did interviews while smoking and drinking a glass of wine while bitcoin was at $10.

But, The Guardian headline is somewhat correct. Cryptocurrencies and the anarcho-capitalists/crypto-anarchists that have fostered them can potentially take down the entire central banking system and along with it warfaring and welfaring governments.

If that were to happen, we’d have peace and prosperity on Earth like we’ve never known it.

Although, we still have a very long way to go before we get there. And they will do everything they can to stop it.

One of the most recent attempts being the Prime Murderer, Theresa May, calling for full government control of the internet after recently pulling off several more false flag attacks in the UK as a run-up to the (s)election.

At Bilderberg this year, which I just returned from, one of the main topics on the agenda was “The War On Information” and to be sure, this is a key part in how they will attempt to stop the cryptocurrency revolution.

Some people are still of the belief that bitcoin and cryptocurrencies are government controlled “psyops” - I can assure you that as a movement, they are not.

I’ve been involved since nearly day one and all any of us talk about is how we can take down the governments and the central banks. Cryptocurrencies are being created with 100% anonymity (Monero/Dash) and even alternative internets are being designed (Maidsafe) so that they can’t even take down the internet unless they manage to turn off the power for the entire world.

And alternative social media based off the blockchain is already flourishing, like Steem and Steemit.com where we have been posting our material first since its inception (and made $100,000+ doing so - (please follow us there) - you can actually make money just by upvoting and commenting on our content).

And that’s beside making a fortune on the rise of the currency itself! You may recall our article, “It's Time Everyone Looks at Steemit Again” just a few weeks ago when Steem was near $0.25.

It’s currently near $2.00.

Will cryptocurrencies keep going straight up forever and never have pullbacks? Of course not, that’s impossible.

But, is this an evolution in money and banking that could change the world forever? Yes.

If you still haven’t listened to my pounding the table on cryptocurrencies, which I have been doing since 2011 when bitcoin was $3, please check out this free 4-video tutorial here. In it, I even offer to send you your first $50 in bitcoin directly from myself.

The Guardian likes to act like we are a group of shadowy figures who wear masks and want to destroy the wonderful banking system of today. In fact, there are now millions of us in almost every walk of life. We look fairly normal, we act fairly normal, and yes, we do want to destroy this heinous central banking cartel that has funded all wars and impoverished billions - by making it obsolete.

And maybe, we just might succeed.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules