Investing in Basic Income
Picture credit to: The Guardian.
Many new digital currencies have been created recently, for example, litecoin, bitcoin, and that is to only name a couple, a slew of them have come out and many people are investing/trading in them. According to Market Watch, their combined market capitalization has surpassed $100 billion dollars. This may increase as people earn profits through sites like https://buffert.se/, and funnel them into new avenues.
An investment of just $100 dollars in Bitcoin back in 2010, when each unit was worth a fraction of a cent, would be valued today at more than $70 million. That is enough for an early retirement. Of course, people are still looking to profit and take advantage of the Bitcoin market with many people still using trading software to get ahead of other investors in the market. You can find out more about this software by visiting https://www.cripto-valuta.net/bitcoin-system/.
Having bought Bitcoins last year, there would still be an opportunity for a very large gain. At one point, Bitcoin prices were up approximately 180% for the year, as CNBC reported. That’s much more than the broad stock market, which returned between 7.9% and 15%, depending on the index.
On the 19th of June 2017, the International Monetary Fund issued a staff discussion note stating that banks should consider investing in cryptocurrencies. Find out how you can invest in the currency and the businesses that run it – https://www.stocktrades.ca/best-stocks-to-buy-in-canada/. Saying: “Rapid advances in digital technology are transforming the financial services landscape, creating opportunities and challenges for consumers, service providers and regulators alike”, according to an article in The Guardian.
Today there are a number of different digital coins that are set up to help fund Basic Income. Grantcoin, Cicadia , uCoin, Swarm, and Circles, which uses Ethereum. There are also UBI-like programs by Kiwicoin in New Zealand, Cubecoin, Strangecoin, Worldwide Globals Organization, and the Basic Income Project, LLC.
