Bitcoin remains
the only global currency in existence today where the playing field is even
Not exact matches
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.
(In 2014, Nike's
global sales grew more than 10 % and Under Armour's grew nearly 30 % while Adidas's grew
only 2 % on a
currency - neutral basis, and declined when measured in U.S. dollars.)
«Oil isn't Canada's
only problem,» says Steven Englander,
global head of G10
currency strategy at Citibank in New York.
Recent events in Europe and the United States have
only magnified challenges, with new question marks over
global economics,
currency trends and future trade tariffs.
Consider, the many different channels of potential Brexit influence — not
only the impact on international trade and
global interest rates and
currencies, but also on bank equity prices and on political uncertainty.
For much of my career I pretty much accepted the consensus, but as I started to think more seriously about the components of the balance of payments, I realized that when Keynes at Bretton Woods argued for a hybrid
currency (which he called «bancor») to serve as the
global reserve
currency, and not the US dollar, he wasn't
only expressing his dismay about the transfer of international status from Britain to the US.
I'd be concerned with
currency fluctuation if I
only had US stocks (I'm not optimistic for that
currency over the short term), but with a basket of
global stocks (and hence
global currencies) I'm not very worried.
Only several weeks before, Litecoin was rated as the fifth - best
currency, but EOS pushed it down to the spot number 6 on the
global coin ranking list.
Corion Coin is the first and
only altcoin with consistent profit and stable price that's meant for day to day use as a
global digital
currency.
Why are this disadvantages
only for
global currencies?
Globally any
currency is
only worth as much as people value it on the Foreign Exchange Market, so the
global success of a state - sponsored cryptocurrency may be crippled by risk - averse speculators.
The total local
currency new issuances in the index was
only around one - third of last year's rate, as Indonesian sovereigns continued to tap into different foreign
currency markets; for example, they raised USD 4 billion from its
global bond issuance in the first week of December.
I understand that based on the cap weighting Canada
only makes up about 3 % of the
global market, but we overweigh it because of home bias,
currency risk and local dividend tax advantages.
Thus, Chinese bonds do not
only provide the portfolio diversification through the exposure to local rate, credit and
currency, they would also be a good hedge to the
global fixed income portfolio.
Given the inflation that is happening in the rest of the world, I find it difficult to believe that we are the
only ones with low inflation, unless it is an artifact of being the
global reserve
currency.
Bitcoin and other digital
currencies will likely enter the mainstream, but
only with adoption of standards and compliance with
global regulatory frameworks.
Gareth Grobler, the founder of ICE3X is confident about the relevance of ether
currency to traders, he says, «The two - year old system has picked up backing from both tech geeks and big corporate names like JPMorgan Chase and Microsoft, which are excited about Ethereum's goal of providing not
only a digital
currency but also a new type of
global computing network, which generally requires Ether to use.»
These are the cryptocurrencies that aren't
only popular within the
global community of crypto users, but they are also the digital
currencies that are worth spending resources on.
«First
Global Credit is one of the earliest, though certainly not the
only company that has entered the digital
currency market to develop services needed to fill these gaps in the bitcoin ecosystem.
But, when it comes to coin market you must never be confident in the stability of any digital
currency — just remember that TRON was where IOTA was now on the
global coin ranking list
only a couple of weeks ago.
In terms of their market volumes, cryptocurrencies
only play a niche role by comparison with the money supply of leading
global currencies in circulation, so their impact on monetary policy is negligible.