Bitcoin Collapse Induces China Investigation

To say that bitcoin investors are having a rough time over the past few days would be a gross understatement. Over the trailing week, bitcoin prices have run the gamut of challenging all-time records to suffering extreme bouts of volatility. And it's not just about the bitcoin collapse — the popular digital currency has endured…

Bitcoin as a Store of Value: Part 2 – By David Young

Earlier in the year we provided an analysis of Bitcoin’s role and potential as a Store of Value. One can find that analysis at the following link: https://cryptortrust.com/2016/06/28/bitcoin-as-a-store-of-value-where-1-really-adds-up/ Prior to catching up on where we stand currently, let’s review a definition of the term Store of Value so we clearly understand the intent here. This…

The Dow Jones Denied Again!

Once again, the road to 20,000 points was denied. The venerable benchmark Dow Jones Industrial Average failed to hit the all-new and psychologically important threshold. This time around, it wasn't even close — at 11:20am EST, the Dow Jones breached 19,943 points, but that was all she wrote. From there, momentum simply slipped, with the…

Final Jobs Report of President Obama is a Sham

President Obama's economy closed out with the unemployment rate at 4.7%, screamed the latest headline from CNN Money. On surface level, the positive jobs report is a much-needed polisher of the lame-duck administration's legacy. Key takeaways from the data is that wages "grew a solid 2.9% in December, the best pace since 2009." Additionally, CNN…

Is Bitcoin Digital Gold?

Is Bitcoin Digital Gold? When you think of Gold, what do you think of? Wealth, power, money? For thousands of years, mankind has used gold as a means of value to measure merchandise against in order to buy & sell. In the last 50 years, we have seen Gold increase in its value, slowly but…

The Ongoing Economic Collapse Commences

From Struggling Economics to Government Insolvency The largest department store in the U.S., Macy's, is planning to eliminate 10,000 jobs and close 100 stores. This is, of course, as a response to a disappointing holiday season, which failed to meet their expectations. From added pressures of online retailers and an ongoing sluggish economy, the LARGEST…

Record Minimum Wage Increases Greet the New Year

The year 2017 may be a landmark period in economic history, but perhaps for the wrong reasons. A record 19 states now have minimum wage increases that will impact millions of workers, mostly those in retail and entry-level jobs. Furthermore, the government-mandated pay raises are not just occurring in liberal locales. Several states that voted…