By Thomas Rehmet,
COO of Bloxolid
Since the eruption of the financial crisis in 2008, central banks all over the world have fired up the printing presses and flooded the financial markets with billions of dollars, euro, yen, and so on by means of Quantitative Easing. During this time of abundant liquidity, the raw materials market has increasingly attracted the attention of investors. Not only have institutional investors dealt in commodities, but more and more private investors are also seeking to invest their assets in real values, to protect themselves from the risks of a growing inflation of the fiat currencies. Material value is beating monetary value—those are the right catchwords.
But there were also repeated distortions within the raw materials markets, whether economic, political, or fraudulent events.
At the same time as the start of the financial crisis, on November 1, 2008, the founding document of cryptocurrencies was published, entitled plainly: “Bitcoin: A Peer-to-Peer Electronic Cash System.”
That was the starting signal, since blockchain is now regarded as the next revolutionary technology in the whole world.
The most recent cryptocurrency hype in 2017 was the zenith of worldwide attention, while 2018 saw the reality check of hype vs. usability. 2019 will be the year of blockchain innovations. Our mission is to combine real assets such as precious metals with innovative blockchain technology to create a new class of safe and stable assets and currencies. Bloxolid is establishing ARG3NTUM: the first cryptocurrency fully backed by physical silver and made in Germany.
Torsten Dennin has summarized wonderfully the past four centuries of financial and commodity market history, with their respective highlights. From Tulips to Bitcoins does not concentrate merely on the extreme events, but describes in detail all the highs and lows over the course of time, summarized chronologically in 42 chapters. A must-have for every investor. After all:
“Whoever knows the past can understand the present and shape the future.”1
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1 Golo Mann (historian 1909-1994).