Since its inception, Bitcoin has been envisioned
as a global currency, however, over time it has also become an excellent store of value, similar to how we think of precious metals.
As a global currency, several thousand transactions per second would be a minimum.
The «Crown» token, which fuels the platform, serves
as a global currency for a digital music economy that includes artists and fans.
Reason being, Bitcoin is in it's recognition stage and need to be recognized
as a global currency first in order to be used globally.
Coins return in Super Mario Odyssey; however, rather than giving an extra life for every 100 collected (as lives are absent), or healing Mario (as hearts fulfill this role), they are instead used
as a global currency in this game and can be spent on clothing, Power Moons and Life - Up Hearts in the Crazy Cap stores spread across the kingdoms.
Even Bloomberg admits there are implications for the U.S. dollar's well - established role
as the global currency of the oil market, as Sungwoo Park sums up some of the key questions...
The Board of Trustees of Franklin Templeton Global Trust recently approved a proposal to reposition the Templeton Hard Currency Fund (ICPHX)
as a global currency fund named Templeton Global Currency Fund.
Similarly, the US dollar's reign
as the global currency was challenged by the introduction of the Euro in 1999 and put under further strain by the growth in emerging market currencies.
USA as a naval empire established the global trade system where the dollar was agreed to be used
as the global currency.
What about Bitcoin's potential
as a global currency?
The renminbi (or RMB, currency sign ¥, code CNY) is emerging
as a global currency as China seeks to reduce its reliance on other currencies.
As China looks to reduce its reliance on other currencies, the renminbi (or RMB, currency sign ¥, code CNY) is emerging
as a global currency.
«Most people are buying Bitcoin, not because of a belief in its future
as a global currency, but because they expect it to rise in value,» a note from economists at Capital Economics said on Wednesday.
Byrne is a trained economist and a longtime advocate for bitcoin, which he regards
as a global currency beyond the control of central banks and governments.
An anonymous respondent commented, «With the rise of bitcoin or other virtual currencies people may switch to these entirely
as global currencies, as the dollar and euro may see too many ups and downs.»
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of
global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of
global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign
currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Much ink has been spilled about the
global tide of nationalism, but these leaders, raised with the freedom to zip around Europe without passports, using a common euro
currency, see their individual nations» interests
as inextricably bound to the state of the whole world.
Higher U.S. yields can put pressure on the
currencies of emerging market countries that run current account deficits such
as Indonesia and India, said Satoshi Okagawa, senior
global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.
As Camilla Sutton,
currency strategist with Scotiabank, has pointed out though, it's still important for Canada to keep a watchful eye on the Fed's next steps due to our reliance on both the American economy, and
global growth in general.
That helps take care of a long - standing problem, and the only way it could be managed was if we hedged the
currency as a
global company.
Digital River is positioned
as a true
global payment processing company, working in 190 countries, including many emerging countries like China and India,
as well
as in 170 transaction and display
currencies.
«There's no question that China wants to have its
currency as a
global reserve
currency,» he said.
The Japanese
currency has been mostly on the rise against the U.S. dollar
as investors look for a safe haven amid fears of a
global trade war.
Which
global investment giant disses Bitcoin
as not a
currency at all?
The price of bitcoin, the world's most well - known virtual
currency, lost almost one fifth of its value to $ 15,800 this week after peaking
as high
as $ 19,666 on Sunday,
as feverish demand ebbed slightly after the exchange giant CME Group and its rival Cboe
Global Markets listed bitcoin futures.
And while the industry is seeing some dividend increases, cash is increasingly the
currency of choice for acquisitions,
as equity multiples have been crushed by
global macroeconomic trends.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign
currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions,
global trade policies and
currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to
as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
The usual proxies for
global growth — oil and other commodities, emerging market
currencies, energy and mining stocks — are almost all sharply lower
as investors bail out of any kind of trade predicated on growth in China and the rest of the emerging world, which accounts for 85 % of the world's population.
The dollar index, which compares it to a basket of
global currencies, was down around 10 percent last year after several years of gains
as the U.S. economy improved following the
global economic crash.
As more people began playing these virtual games, Draper envisioned the need for a
global, digital
currency not tied to political whims.
The rising dollar negatively influences companies that have a huge
global presence
as they end up trading in a weakened domestic
currency.
A few months earlier, Beijing had applied similar pressure on European nations, this time to join with it in an unprecedented public call to replace the dollar
as the
global reserve
currency.
After all, the euro's days
as a contender for
global reserve
currency are now on hold at best.
The Dow Jones industrial average plummeted 611 points, or about 3.4 %, on Friday
as global stock,
currency and other markets convulsed in response to Britain's surprising vote to leave the European Union.
The uptrend in US interest rates, wide swings in
global currency markets and greater price dispersion across individual securities and asset classes could serve
as powerful tailwinds for hedge - fund strategy managers looking to capture alpha.
Figuring out ways to regulate trading by sophisticated investors in derivatives, which go by exotic names such
as «
currency forwards» and «credit default swaps,» is a hot topic in international policy circles, largely because failures on this murky side of the market are blamed for the 2008
global credit meltdown and the recession that followed.
The U.S. dollar depreciated
as investors sought higher returns elsewhere, putting downward pressure on foreign interest rates and upward pressure on
global asset prices and foreign
currencies.
A number of factors — such
as rising US interest rates, the recurrence of big fluctuations in
global currencies, and the widening dispersion of equity returns across sectors and regions — may have helped to create an increasingly conducive environment for hedge - fund strategies, which have seen a positive turnaround in performance in recent quarters.
Chinese authorities had been propping up the yuan, contributing to an almost $ 300 billion drop in foreign - exchange reserves over the last four quarters,
as policy makers sought to deter capital outflows and encourage
global usage of the
currency.
NEW YORK (Reuters)- Alphabit, a
global fund that invests in digital
currencies, has been launched with a target of $ 300 million, co-founder Liam Robertson said in an interview,
as managers seek to tap growing demand for virtual assets that allow for instant, borderless transactions.
As volatile
currencies toy with the bottom lines of
global companies, corporate treasurers are paying a lot more attention to foreign exchange.
Bitcoin functions first and foremost
as a
currency and could possibly even become a
global reserve
currency.
As I've already noted, Fed policies have significant effects internationally, given the central place of U.S. markets in the global financial system and the dollar's status as the leading global reserve currenc
As I've already noted, Fed policies have significant effects internationally, given the central place of U.S. markets in the
global financial system and the dollar's status
as the leading global reserve currenc
as the leading
global reserve
currency.
As investing becomes more
global it's important for investors to understand how
currency fluctuations can affect the financial markets in different ways.
A weaker U.S. dollar, relative to other
global currencies, deserves a lot of the credit
as well.
As the
global economy recovers, pressure is increasing on China to loosen that peg, which nearly all
currency experts believe would cause the yuan to rise against the greenback.
Based on the overwhelming popularity of the Dollar among the G20 nations, it's highly unlikely the greenback will be dethroned
as the
global reserve
currency.
Since 2001 the silver and gold markets have gone up substantially
as a reaction to the 20 year precious metals bear market from 1980 — 2000, massive increases in military spending, weakening
global economies that REQUIRE Quantitative Easing to avoid deflation, the rise of competing
currencies that weaken the dollar's trading status, excessive debts in Europe, Japan, the United Kingdom, and the United States, and so much more.
The bottom line is that no company is immune from
currency fluctuations
as we truly are a
global economy these days.
So is this the end of the hype about bitcoin
as the future of
global currencies?