CRYPTOCURRENCY RAGE: HOW WILL CRYPTOCURRENCY EFFECT THE DOLLAR LONG TERM

Gold and Silver Bitcoins

“Move aside U.S. currency.”


the dollar

The dollar is more than just a piece of paper that we use to spend in stores. The dollar is what is keeping this whole engine going. It’s the bank note that is backed by confidence along with our strong gold reserves. But what will happen as the cryptocurrency rage comes into play? Will we see a competitive currency or currencies for the American dollar? Because the well known Bitcoin has gained din popularity along with other cryptocurrencies.

value

The chart below is of the United States dollar compared to the top cryptocurrencies. You can find the cryptocurrency website “HERE.”

don’t panic

Now for all of you that are worried about the cryptocurrency taking over, just look at the graph I made above. This is the market capitalization compared to the American dollar. Don’t be mislead by the hype on television1 Us Bank Note and in newspapers. The cryptocurrency is not the least bit of competition for the dollar. Even though the digital currencies are worth more, the scary aspect of the digital is that it’s not backed by anything. And that if you lose your money, the government has no real reason to aid you in retrieval. So in all, it’s a major gamble.


My Personal Website: www.faheemjackson.squarespace.com

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Author: faheemjackson44

I am from Racine, Wisconsin where I was raised until I graduated high school back in the year 2006. That entire time growing up in my mother's house, I was a student athlete. My goal was to embark on a general business career or athletics. But injuries through sports stopped a sports path, so I decided upon business with a focus in marketing. While attending undergraduate school at University of Wisconsin-Parkside, I began to write screenplays in my senior year. At first it was for fun, but I quickly learned writing allow me to transfer negative energy into characters I created. This led to a decrease in depressing mood swings, which in turn boosted my quality of life. After undergraduate school in May of 2011, I move to New York City for graduate school. While pursuing my MBA, I continued to write screenplays, but always wanted to write novels as well. I finished graduate school back in the year 2014, but wrote screenplays until I began thinking of my first short film, first First Day Fears. While finishing my fifth feature length screenplay, I started to write my first novel this year. So far, I have finished my first short film and working on my next one (Freedomless Speech), and recently self published my first novel (The Boy Who Could Talk To God) and short stories book (Faheem Jackson Short Story Collection Volume 1). My feature length screenplays have been put on temporary hold to finish my short films and books, but I am making good progress on my sixth feature length screenplay. With year 2017 ending, I am currently writing my novel Precinct 86 and Faheem Jackson Short Story Collection Vol. 2. I have started teaching myself photography and will pursuing that by summer of 2018, along with my videography, podcast later on, and more research for my documentary.

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