The Canary in the Cryptocurrency Mine

The world’s largest financial disaster could be imminent.

Since the launch of Bitcoin in 2009, the only stable positive trend regarding cryptocurrencies has been their popularity in the media. As bitcoin grew, other coins jumped on the bandwagon, opening a Pandora’s box of what could either be the world’s leading banking technology or the largest financial catastrophe of all time.

In my opinion, the risk of high scale investment into crypto could potentially send the world into an economic depression far worse than ever before. How we regulate and invest in cryptocurrency now will decide its fate.

It’s in the Name: Cryptocurrency is a Currency.

And when currency trading comes to mind, it typically conjures images of well-dressed businessmen moving millions of dollars worth of holdings from the Euro to the Yen. With the exception of some third world countries, many currencies tend to be the most stable investment available, which also means there is little room for profits or losses. Currencies exist for the sole purpose of enabling transactions between people, and this requires a high degree of stability.

Volatility is the worst possible trait of a currency, and it almost exclusively leads to the detriment of…