$108,769.00
0.35%$2,636.21
4.08%$2.31
1.16%$683.63
2.10%$175.56
2.00%$0.999789
0.00%$0.225055
1.02%$0.755661
0.49%$0.279084
1.98%$2,634.35
4.01%$108,828.00
0.48%$3.67
6.58%$35.43
-2.40%$3,177.02
4.38%$15.84
3.52%$23.58
3.67%$0.286896
1.15%$0.00001443
1.09%$9.06
2.36%$415.28
0.88%$0.187037
1.76%$3.02
2.44%$2,635.39
4.11%$96.00
2.33%$0.999672
-0.01%$4.52
2.49%$353.01
-11.42%$2,818.07
4.25%$5.33
1.56%$1.00
0.02%$0.00001385
2.03%$0.752644
0.64%$1.00
-0.03%$108,800.00
0.40%$31.83
-0.53%$269.73
2.01%$449.97
3.91%$6.31
-0.99%$2.82
2.78%$5.38
2.69%$210.85
1.56%$52.11
0.66%$38.23
7.08%$0.946202
2.07%$1.00
0.00%$0.097831
1.74%$5.33
3.44%$18.64
3.24%$0.106059
2.24%$1.17
0.04%$12.76
1.41%$20.81
-1.33%$0.728111
-0.29%$0.02763845
2.15%$4.48
-4.62%$0.39798
5.61%$0.883301
2.51%$1.053
0.03%$1.40
3.74%$1.00
0.08%$4.74
-0.04%$0.229736
0.59%$107,770.00
-0.67%$0.400176
4.19%$2.87
3.58%$0.222325
2.76%$4.42
-0.06%$0.620881
3.98%$2.66
3.98%$113.08
8.45%$0.997287
-0.15%$4.64
0.91%$2.44
15.89%$2,632.24
3.88%$0.00002053
3.22%$185.37
0.97%$15.08
10.50%$11.34
0.78%$0.444193
0.91%$1.36
0.46%$0.879112
0.90%$2,753.56
4.07%$0.76186
1.71%$1.26
0.75%$2,998.46
4.32%$1.001
0.03%$0.0186185
0.89%$4.35
3.62%$0.224281
2.66%$0.63702
1.94%$0.76989
0.15%$1.11
0.31%$0.066986
-0.35%$0.111603
3.20%$108,909.00
0.56%$0.755308
1.64%$0.998984
0.03%$0.00010045
3.23%$2,812.87
4.23%$226.64
1.53%$1,666.12
3.09%$3.19
0.21%$2.82
16.05%$683.41
2.09%$108,799.00
0.49%$0.884611
6.24%$194.56
1.55%$2,768.14
4.16%$0.999246
-0.06%$0.936539
12.29%$0.01942525
3.42%$0.01759225
3.12%$1.00
0.01%$108,589.00
-0.19%$52.29
-3.33%$0.832477
3.86%$2,759.07
3.95%$3,306.84
-1.18%$0.01291332
3.73%$0.903502
4.08%$0.209032
3.28%$3,318.67
-0.94%$0.137486
3.40%$22.86
5.97%$0.576206
6.97%$0.308487
2.61%$4.52
4.49%$36.84
2.86%$0.00000073
1.82%$12.35
-0.80%$108,220.00
0.28%$1.98
4.39%$3.71
-8.97%$0.114653
1.31%$1.00
-0.01%$0.066935
6.15%$1.96
2.05%$0.623666
3.49%$0.400241
2.99%$0.997739
0.03%$111.21
0.03%$2.30
0.32%$2.04
-0.06%$0.01843596
0.67%$0.600125
10.57%$0.31463
4.15%$1.09
-0.66%$2,635.12
3.95%$2,631.59
3.84%$0.224422
0.60%$0.706239
8.30%$108,750.00
0.44%$2.28
11.88%$2,723.50
2.17%$2,808.01
3.95%$0.00534573
-1.21%$0.200937
7.55%$18.18
2.71%$0.431328
2.02%$2,634.19
3.91%$0.998301
-0.01%$0.159134
2.80%$108,829.00
0.58%$0.00854316
1.60%$7.49
4.71%$0.595872
2.01%$0.629661
8.00%$1.10
0.04%$0.052325
-0.63%$0.10318
4.04%$6.63
3.41%$1.53
8.14%$0.429625
3.62%$2.88
3.73%$0.00000119
4.83%$0.432037
3.43%$35.39
-2.85%$0.183252
8.13%$0.999701
-0.01%$0.46536
0.04%$0.088735
3.51%$0.062666
0.50%$1.38
14.02%$0.674438
-1.94%$0.173117
4.10%$106,551.00
0.16%$0.00002213
1.45%$0.00000044
0.85%$0.04417483
3.14%$2,632.06
4.22%$1.53
3.03%$1.095
0.00%$0.00445534
-0.91%$0.00778367
4.54%$37.01
1.16%$0.999049
-0.75%$1.49
2.35%$0.16273
4.89%$2,798.41
4.55%$0.00460831
1.23%$35.53
-2.36%$1.00
0.06%$42.41
1.69%$1.003
0.31%$0.01971805
1.42%$0.391512
2.71%$108,691.00
0.22%$0.00534788
3.69%$0.00455596
-5.39%$137.59
5.00%$2,901.01
4.11%$1.00
0.00%$0.79924
1.15%$0.00402955
3.22%$0.03590565
1.56%$0.847403
2.24%$0.607205
9.20%$108,724.00
0.25%$0.31726
10.54%$2,873.27
3.94%$0.229263
0.84%$0.00006337
2.81%$2.88
6.06%$0.33926
7.44%$2,632.99
3.77%$0.346883
0.89%$0.235301
4.11%$0.0000016
0.32%$19.81
2.51%$23.50
3.46%$190.18
1.98%$2,633.68
3.90%$0.788999
3.32%$0.999477
-0.00%$2,843.04
3.90%$0.999654
0.08%$0.692904
1.64%$0.250636
3.06%$0.999684
0.02%$3.35
-2.65%$18.31
2.38%$2.71
2.54%$23.98
2.81%$0.00069849
-0.80%$0.686128
3.67%$195.50
1.64%$0.999692
-0.00%$0.04070436
10.74%Reading
Role
CEO at Ripple Labs
Location
San Francisco, California
Education
University of Kansas(BA), Harvard University(MBA)
Current Project
Ripple
Previous Projects
Animoto, Tonic Health, Ancestry.com, Hightail, AOL, Silver Lake, Yahoo
While the US dollar won’t give up its position as the world’s reserve currency any time soon, it’s definitely getting weaker compared to alternatives such as Bitcoin, wrote Brad Garlinghouse, the CEO of Ripple (XRP), on Twitter today.
“A year ago, many decried crypto as a scam, and now a majority of govts are looking seriously at blockchain. It addresses frictions (i.e. settlement, transparency, etc) that were assumed VERY hard to solve before. Crypto is up 80% while USD is down 3% YTD,” Garlinghouse noted.
Thread on this USD as the world’s reserve currency has been the backbone of global financial infra, and that position isn’t going to disappear in favor of gold/the yuan/crypto/any other asset any time soon. But is it weaker today? Yes. (1/3) https://t.co/Td04uJOEXs
— Brad Garlinghouse (@bgarlinghouse) August 3, 2020
As Decrypt reported, many financial experts are currently concerned that the US government’s unprecedented fiscal stimulus efforts in the wake of the coronavirus pandemic could lead to the devaluation of the US dollar—and potential subsequent strengthening of other stores of value, including cryptocurrencies.
Garlinghouse added that traditional monetary systems are usually as strong as people’s trust in them—and fiat currencies are increasingly losing it today.
“As [Fundstrat managing partner Tom Lee] said, it comes down to trust in the financial system at the end of the day,” wroteGarlinghouse, adding that “As global populations continue to lose confidence in fiat currencies (as we’re seeing with USD), they will choose to diversify. Our future global financial system will do the same.”
This weekend, Bitcoin shot up above $10,000 for the first time in seven weeks, breaking a psychological threshold and sending the cryptocurrency’s price back to pre-coronavirus levels. Unlike on previous occasions, though, the biggest cryptocurrency by market cap may not be leading the market, but following in others’ wake. That’s the verdict of some experts who spoke to Decrypt, who also claimed that Bitcoin’s surge wasn’t unexpected. “A lot of analysts have predicted a breakout for some time...
The very same sentiment was expressed by several financial experts in Bloomberg’s article that Garlinghouse cited. Its authors noted that while cryptocurrencies are notoriously volatile and prone to manipulation, the blockchain technology that underpins them already gained some very influential proponents.
“At the end of the day, trust is really getting broken in the traditional financial system—that’s the theme. The less trust you have in the dollar, the more you want alternatives,” Tom Lee, co-founder and head of research at Fundstrat Global Advisors, told Bloomberg. “More and more people are saying, ‘You know what? It’s not such a bad idea to be decentralized.’”
The Bank of Korea is considering linking its deposit tokens to a public blockchain, a move that would position its state-backed digital currency alongside private-sector stablecoins operating on open networks. The tokens will be “a type of stablecoin issued within the digital currency system built and operated by the Bank of Korea,” the bank’s Deputy Governor Lee Jong-ryeol said in a statement Decrypt has confirmed with local sources. "We are considering a direction in which it will coexist with...
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the sixth instalment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, we’ll investigate cryptocurrency derivatives. Bitcoin has gone from being an obscure digital asset traded by blockchain enthusiasts to one of the most trade...
Bitcoin (BTC) may be gaining momentum globally, but in Australia, it’s also attracting political ire. On May 23, Senator Gerard Rennick dismissed Bitcoin as a “Ponzi scheme,” sparking immediate backlash from crypto industry groups and users alike. “Bitcoin will ultimately go to a $1 million dollars. Why? Because it’s a Ponzi scheme whereby BlackRock will pump more and more dollars into a supply-constrained product,” Rennick tweeted in response to a user who sarcastically asked for his “special c...
