The Appetite for Crypto Is Bigger Than Ever Before – DailyWealth

The Weekend Edition is pulled from the daily Stansberry Digest.


Satoshi Nakamoto – whoever he (or she, or they) is – conceived the idea of cryptocurrency during the last market “crisis”…

You might know the story…

Amid the “Too Big to Fail” financial system meltdown and mortgage crisis of 2008 and 2009, and our previous recession and Federal Reserve money-printing frenzy, a mysterious “white paper” about something called bitcoin appeared on the Internet.

The eight-page paper talked about the idea, creation, structure, and implementation of a decentralized, secure global currency – a cryptocurrency. It would have a limited supply, would not be owned by any one entity, and could be created by regular folks who had electricity and operate outside the banking system.

The whole idea was seemingly coming from a fringe corner of the Internet… The name of the inventor and writer of the white paper was a pseudonym. The true identity – or identities – of the creator still isn’t known…

But the concept caught on fast among a small group of dedicated, early adopters and a few others who took a flyer when bitcoin traded for nearly nothing in U.S. dollars. late 2017 – when the price of one bitcoin briefly hit $20,000 – these folks eventually became “bitcoin millionaires,” while a bunch of other bubble-chasers wondered what happened.

That’s how good the idea of bitcoin and cryptocurrency was – and still is. The appetite was there. People just wanted something… different – something outside the traditional financial system.

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