Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
IMF Tells Nations to Create Their Own Cryptography
COMMENT: Mr. Armstrong, I have to say that Bitcoin has crashed again because the IMF says each country should create its own cryptocurrency. That would kill all the cryptocurrencies and you were right again. Governments will never surrender their power to Bitcoin.
Thank you for your realistic perspective
DT
REPLY: I really do not get these people. They are dreamers. Of course, governments will not surrender. Their own pensions are at stake. The majority of transactions are already electronic. You just take a picture of your check and deposit it electronically without having to go to the bank. Separate the technology from power.
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