Wealth daily why investors should be stocking up on ethereum

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Jointly, Facebook has documented a significant increase in data requests from the government, the bulk of which come with gag orders, prohibiting Facebook from notifying the targeted user. In countries like China and Russia, the perils of a centralized web are even greater. These governments blatantly control the Internet in their respective domains to shape pubic opinion and culture.

Propaganda, of course, is nothing new, but the level of control now held over public discourse is unprecedented. This became the largest internet protest in history. In thousands of Hungarian citizens took to the streets to protest a bill that would tax data transfers.

In , citizens of India gathered en masse in support of net neutrality, only to have the government shut down social media accounts two years later as a means of suppressing protest. And today, U. We have also seen a trend towards privacy, with social media shifting to self-destructing message apps such as Snapchat and end-to-end encryption platforms like WhatsApp and Signal.

Internet users fear a centralized internet so much, in fact, that when Facebook attempted to bring free mobile data access to underdeveloped nations, the idea was met with backlash. As long as traffic is flowing through a select few data centers across the world, there will always be forces seeking to take control of it. Ethereum is the leading offshoot of its widely known predecessor Bitcoin, but it goes far beyond the realm of cryptocurrency. We''ll keep you on top of all the hottest investment ideas before they hit Wall Street.

View our Privacy Policy After getting your report, you'll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily. Ethereum supports applications that run on its custom-built blockchain, an indestructible, public, and fixed ledger that comes with a number of key benefits. The inner workings of the Ethereum blockchain are, as you might expect, incredibly complex.

To fully grasp how the platform operates, you would need to gain an understanding of terms like hashes, Merkle trees, and value-exchange protocol. As unfamiliar as the Ethereum platform might be, investors would be remiss to discount its potential. Inverse gives a good explanation of the benefits of Ethereum: Ethereum cuts out the middlemen involved in all transactions, whether that transaction relies on money or not.

In other words, Ethereum will be a way for people across the world to opt out of what's become a friction-laden bureaucratic world. Consequently, the product derives its value only from the law of supply and demand. Although cryptographic electronic money dates back to , the first modern cryptocurrency, Bitcoin, appeared in Over the last decade, hundreds of other cryptocurrencies have joined Bitcoin.

Some of these have attracted close attention, including Ethereum, which debuted in Although both Bitcoin and Ethereum rely on cryptography and distributed ledgers for storage and distribution, Ethereum operates using slightly different technology. Is Crypto a Viable Long-term Investment? In general, cryptocurrency is considered a highly volatile asset. Personal financial planners disagree about the value of cryptocurrency as an asset class although almost all urge caution.

Suze Orman, for example, recommends making small investments in crypto provided you can afford to lose all the money. Dave Ramsey, the foremost Christian financial expert, does not recommend investing in crypto unless you are debt free, have fully funded a traditional retirement account, and have discussed crypto with your professional advisor.

Ramsey claims cryptocurrency is unstable and does not have an established rate of return. At Cooke Wealth Management, we tend to agree with Ramsey. Cryptocurrency is new to the investment world and while it may play a role in some investment strategies, we view it more as a speculative investment. The Volatile History of Cryptocurrency To understand the volatility of this asset class, we have to look at the history of the oldest cryptocurrency, Bitcoin.

At the time, investment professionals expressed concern around the inherently unstable and unregulated nature of cryptocurrency. Unlike fiat currency such as the U. Dollar crypto is not backed by a legal government, and unlike a business, it does not trade in a product or service. It's simply valuable because people have decided it is. Smaller players such as Ethereum have an unimpressive global footprint relative to other investment opportunities. The Future of Cryptocurrency No one knows what will happen to cryptocurrency in the future.

Some predictions say we'll see increased regulation and government oversight. Others focus on the potential growth, or hedge protection , these currencies might provide. The truth is, no one knows. No one does, it simply does not exist. Unlike stocks or mutual funds with decades of performance history to review, we simply can't predict what will happen with any degree of accuracy, and it's disingenuous to say we can.

Yes, you can bring crypto into your investment portfolio safely if you follow wise wealth management principles. Consider sticking with Ethereum, Bitcoin, or another well-known currency. And when investing in a speculative investment, you likely should never invest more than you can afford to lose.