Cryptocurrency All-Time Highs Reveal How Blockchain Is Transforming Our World – Futurism

In Brief Cryptocurrencies Ether and Bitcoin are trading at record prices, and while no one is sure why that is, political uncertainty seems to correlate with the trends. This reflects an evolving way of thinking about money and how we should keep it safe. Bitcoin Boom

Both Ether and Bitcoin prices are trading at a record high right now, and no one is entirely sure what is happening in the world of cryptocurrency thats pushing this surge. According to the Coindesk price index, bitcoin peaked today, May 1,at $1,444. That high represents an increase of approximately 12percent over the course of 7 days, part of an increase of 33percent over the month of April.

Romain Dillet of TechCrunch has noted that Bitcoin and Ether prices tend to rise when the world is receiving bad news: If Donald Trump tweets about North Korea, chances are it will have positive effect on cryptocurrencies. Conversely, I noticed a micro-crash minutes after the results of the first round of the French election prices went up again minutes later. Marine Le Pen arrived second, which was a good sign for traditional currencies like USD and EUR.

This trend reflects the evolution of how we think about money and what it means to keep money safe. As the political outlook appears less predictable and governments seemmore unstable and even corrupt, cryptocurrencies are considereda safer investment than traditional currencies and markets. They are not tied to any one government or political system, and they offer a verifiable trail so investors can watch what happens to their money.

In times when governments can look more incompetent or untrustworthy than consumers prefer, at least we can depend on cryptocurrencies and blockchain technology.

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Cryptocurrency All-Time Highs Reveal How Blockchain Is Transforming Our World - Futurism