Crypto Quarterly – Vol. 1, Jan 2022

With the whirlwind of interest generated by December’s edition of TGIF 2 Minutes covering “To Crypto Or Not To Crypto”, demand exists for at least a quarterly dedicated to the topic of cryptocurrency. For those who are already crypto experts, this volume of “Crypto Quarterly” may be elementary but a great number of experienced investors admitted limited knowledge and appreciated the information.

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Looking Ahead in 2022

One thing is certain: numerous predictions about 2020 and 2021 in categories ranging, from the emergence of a pandemic, to continuance of the pandemic, how best to cure the pandemic, to rates of inflation, supply and demand in the economy, to the ability of technology to make accurate predictions… were wrong.

Possibly the largest factor affecting the US economy today, inflation, was not even on the list of biggest risks at the 2021 World Economic Forum.* This is not to poke fun at the predictors but rather an indication of how misguided predictions about risk can be.

Numerous predictions about 2020 and 2021 were wrong.

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To Crypto Or Not To Crypto

It is high time to talk about cryptocurrency, otherwise known as “crypto,” but where to start? Cryptocurrency is the broad term for digital currency or digital money. Blockchain is a technology that, among other functions, enables the existence of cryptocurrencies. Bitcoin is the best-known form of digital currency, although there are now more than 8,000 different cryptocurrencies many of which have no following or do not trade.

If all of this sounds too complicated for a Friday morning, read on anyway. We are all in this together. The diagram below first appeared in a May 2019 edition of TGIF 2 Minutes to illustrate how payment methods have evolved from Cash (far-left) to newer and often more convenient forms such as credit cards (“CC” in the diagram), then PayPal and Venmo (the “P” and “V”) and now digital forms such as Bitcoin (the “B”, far-right on the diagram). The world has rapidly gone digital in hundreds of ways including social and money.

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Investing in the Next Facebook?

How many people caught the news last week that Facebook officially changed its corporate name to… Meta? And changed its stock ticker symbol to MVRS? Presumably, MVRS is short for “metaverse.” What is the metaverse and is it the next “hot” investment? (In other news, Facebook is looking to distance itself far, far away from discoveries that the company knew full well for over a decade the damage its central social media platform would inflict and has inflicted on people of all ages, especially children. But that is not the topic of today’s TGIF 2 Minutes.)

Regarding Meta, CEO Mark Zuckerberg says succinctly, “the metaverse will be the successor to the mobile internet.” Gaming and alternate reality seem to be at the forefront of the concept with bitcoin and cryptocurrency central as well. The whole thing sounds huge.

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