In a previous article, we compared how much Bitcoin and gold are worth. Today, we’ll take Bitcoin vs gold and compare the costs of storing each asset. How Assets Can Incur Expenses When investing, people commonly focus on how much a sum might increase or decrease in value over time. What often gets lost in […]
Bitcoin vs Gold: Which Is Worth More?
Did you land on this article because you searched for “bitcoin vs gold”? You’re not alone. Lucky for you, you’ve come to the right place. We love discussing Bitcoin and gold and have a series on the gold standard and gold mining versus crypto mining to prove it! Today, we’ll examine Bitcoin vs gold’s value […]
Can Bitcoin Be Outlawed?
With the growing acceptance of Bitcoin, many investors may be asking: “Can Bitcoin be outlawed?” While that seems like a scary future possibility, it’s safe to say that there are many complications that would prevent that from happening. Put simply and briefly: Bitcoin could be outlawed, but it’s unlikely. Want the whole story on why? […]
How Credit Cards Gained Acceptance and What That Means for Bitcoin
Credit cards may be common now, but they were once as new on the scene as Bitcoin. Let’s take a look at the credit card’s journey to mainstream acceptance to see what lessons we can apply to cryptocurrency. The First National Credit Card The credit card has many predecessors, such as Western Union’s metal plates […]
The 1918 Pandemic, the Current Pandemic, the Economy, and Cryptocurrency
As we see the light at the end of the COVID-19 pandemic tunnel, many of us are pondering a post-pandemic world. We have much to look forward to, such as socializing and traveling especially. But there’s also a ton of unknown territory. Among those unknowns: How will the economy fare once the worst is behind […]
Can You Flip Bitcoin?
Bitcoin’s impressive run has piqued nearly everyone’s interest–even the not-so-crypto-inclined. It went from $7,150 per bitcoin in January 2020 to an all-time high (at the time) of $23,000 by the end of the year. Bitcoin then started 2021 at just under $40,000 and recently topped $60,000. That’s roughly an 800% increase. This spike has even […]
A Super-Quick Guide to Getting Paid in Bitcoin
Carolina Panthers offensive tackle Russell Okung made news in December when he announced that half his $13 million NFL salary will be paid in Bitcoin moving forward. On Twitter, he discussed his reasons for making this move: “I’m freeing myself from fiat. You can too.” In another tweet, he stated: “You can make ‘x’ a […]
The Modern-Day Worth of Unusual Currencies
If anyone asks you how Bitcoin can have value, send them to this article. Here, we’ll cover silver dollars worth millions and banknotes worth fractions of cents. In fact, anything can be worth a little or a lot, depending on need, supply, and circumstances. Let’s dive in to learn more. Here is our list of […]
Celebrities Who Love Cryptocurrency
Valentine’s Day approaches and love of all kinds is in the air, so we’re doing a mini roundup on celebrities who love–or loved–cryptocurrency. While we’re at it, we’ll update you on their romantic loves as well. Read on to discover who’s crushing on cryptocurrency and who simply got crushed…. Ashton Kutcher Cryptocurrency relationship status: A […]
From Gold to the Gold Standard and Beyond, Part 3: Fiat and the Rise of Cryptocurrency
In our gold standard series, we have covered how gold went from shiny rock to currency to international monetary standard and then to partial international standard. In this installment, we’ll explain its dramatic demise…. A Return to Gold … Sorta We last left gold in 1934 with the United States returning to the gold standard […]
From Gold to the Gold Standard, Part 2: The Ups and Downs of the Gold Standard
In our last installment in this series, we discussed how gold became the basis of an entire international money system. This brought us to 1900, when the U.S. officially joined the gold standard, smack-dab in the middle of what’s now known as the classical gold standard, a period of extreme economic growth between 1880 and […]
From Gold to the Gold Standard: Part 1, Currency in Early Forms
Before cryptocurrency, there was currency, which is simply a medium of exchange for goods and service. But how did currency come to be? The short answer: It evolved from bartering. As the world grew more advanced and interconnected, it needed a simpler, more portable method of exchange, which prompted the earliest forms of currency. Yet, […]
Coronavirus Serves as a Reminder: Today’s Payments System Is Broken
The coronavirus, once novel, has been the story of the year. One subplot to the pandemic horror show has been the frailties of the legacy banking system laid exposed. Several governments issued stimulus packages directly to their citizens in order to keep consumer spending up and the economy ticking over. Limitations in the banking system created bottlenecks. Technical […]
Bitcoin and Other Missed Money-Making Opportunities
Perhaps you’ve watched Bitcoin prices go up and are debating whether to buy Bitcoin–or whether to buy more Bitcoin. While you ponder, we’d like to present these missed money-making opportunities to make your decision easier…. Opportunity: Buying the Patent to the Telephone Missed by: William Orton, the 1876 president of Western Union Telegraph Western Union […]