We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Next Bitcoin Boom: $100,000 Target In Sight
Cryptocurrencies are the most enlightening winner of the bunch as the bid here illustrates the recognized shortcomings of the world’s 180 distinct fiat currencies. The notion that a global superpower’s currency like the Russian Ruble can lose 50% of its value in 2 weeks because other governments decided to put sanctions on the country is a scary thought (even if these sanctions are more than justified).
Blockchain-backed digital currencies provide the new world with a way for our economic structure to bypass geopolitical agendas (no matter how just their cause) in a free-market-driven manner which economists have been pointing to for decades if not centuries.
Investors are wrestling with the hard truth that fiat currencies are far less safe than we trust them to be and that cash under your mattress will do nothing but lose value over time (at an accelerating pace as of late). Cryptocurrencies will be a part of our new economy whether you like it or not, and it would be prudent to invest today before their mass adaptation. Bitcoin , Ethereum , and Solana are the three I would put my money in.