The economic and political arena for digital currency has never been better. As the global move away from cash toward digital currency increases aka “the War on Cash” (see our article on Sweden, India, China going cashless), cryptocurrency has become freedom from fiat currency inflation, devaluation, elimination and confiscation.
Best selling author, Ed Ludbrook, states that the Trump Presidency is a boon to cryptocurrency. Not only is President Trump against government regulation of digital currency, he has his own coin. Not surprisingly, the coin is named, “Trump Coin”.
The various cryptocurrencies have their own unique story and appeal, such as the unexpected success of the Dogecoin. Currently in the top ten, the Dogecoin or “Dog”, which began as a joke is now 40% of the South African economy. Also, for the last seven year, the M-Pesa has had a massive impact in Kenya. At the top of the pack are Bitcoin, OneCoin™, and Ethereum, with Google’s Ripple coming in at a distant fourth. Those who purchased Bitcoin early are lucky indeed, since Bitcoin is no longer considered a “mining opportunity” and its price places it out of the reach of the general population. As recently as of Spring 2015, a Bitcoin miner could look at investing $10,000 in equipment and software plus three months of personal mining time for a $12,000 return.