America is using financial warfare to destroy China, Iran and other emerging markets whose economies and governments are weak and drowning in dollar denominated debt.
Government imposed tariffs and sanctions on Iran to curtail China’s access to oil are causing worldwide inflation at an alarming rate. The next big cryptocurrency catalyst is at our doorstep.
If you thought a 22% rise in gas prices in America was bad, in Turkey it’s doubled, in India is up 39%, in Indonesia it’s now up 34%, and in Argentina gasoline prices are unfathomable.
Inflation is slowly but surely forcing billions of poor to ditch their local currency and start trading in dollars or cryptocurrencies in order to simply survive as local currencies are losing their store of value at rapid pace.
This wide spread demand around the world for an alternative forms of money will be the support cryptocurrencies need to enter the next bull market.
In today’s first update of the day I cover the big picture, short term risks for cryptocurrency investors and all the hot news from Twitter and Reddit.