Coinbase investor: Bitcoin is the currency of the future

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Lawyer, economist, portfolio manager and best selling author James Rickards is well known for his strong dislike of Bitcoin and crypto currency in general.

In dozens of media interview Rickards has dismissed Bitcoin and crypto currencies as a ''scam'', ''useless" and vehicles for ''terrorists and money launderers''.

During February he claimed to have discovered one crypto that is not a james rickards bitcoin wallet. Indeed Rickards is very excited about this crypto claiming this is his most important investment call of calling it, ''An explosive opportunity that is set to deliver a massive cash windfall'' for his readers. In the Daily Reckoning newsletter of Friday james rickards bitcoin wallet February Rickards explained why he is so excited about this crypto:.

In a special broadcast on 27 February Rickards revealed james rickards bitcoin wallet 3 reasons why this crypto out of the 1, out there is so special. Firstly, it is backed by one of the james rickards bitcoin wallet biggest companies — IBM along with a dozen banks and Deloitte one of the world's biggest accountancy companies.

Apparently, IBM has hundreds of staff working on developing an international payments platform that will allow banks and individuals to james rickards bitcoin wallet money all over the world.

As James rickards bitcoin wallet points out sending money across borders can take days and be expensive once fees are added in. So this crypto is set to transform the multitrillion dollar foreign exchange market. Rickards states that I would be james rickards bitcoin wallet to james rickards bitcoin wallet what readers think about his claim that only one crypto passes this criteria.

Rickards claims that IBM want to launch this crypto on its payments platform this year. Once IBM launches its payments platform this will give this crypto a huge pump up in price and make investors a very handsome return. After dangling all these carrots in front of your nose Jim finishes his special crypto call by saying that if you want to find out what this crypto is you will have to take out a subscription to his newsletter.

Well sorry folks but that is just a little too expensive for my thread bare wallet. Now I am no Sherlock Holmes and would never claim to have research skills as good as Jim's but darn it I was determined to try and find out what I was missing out on. Jim mentioned james rickards bitcoin wallet this crypto was in a formal partnership with IBM and other companies such as Deloitte and KlickEx group.

A simple Google search revealed that our special crypto, the only one that is not a scam mind you is …. Together IBM and Stellar are working on a project called Hyperledger Fabric which aims to build open source blockchains to facilitate cross border payments. I hate to end on a sour note but all may not be as rosy as it seems for the IBM-Stellar partnership.

He predicts that, in the next year, central banks will begin issuing digital currencies of their own, and that these will become an integral part of blockchain-based money transfers''. Nor should we forget the competition from Ripple and Qtum both of which have signed partnerships with big names in the banking, cybersecurity and cloud storage space. Time will tell if this partnership will bring about a revolution in cross border payments.

Hold on to your seat for the wild ride to come. With a B, not likely I almost forgot the rest of the story. But hey, it's getting us closer to mainstream, right? Thank for sharing the story.

I think most of us have made mistakes similar to your dads. It is all part of the learning curve. Well lets hope Rickards is right and Stellar has stellar year!

Bitcoin hater James Rickards does a U-turn and endorses one crypto to go to the Moon. In james rickards bitcoin wallet Daily Reckoning newsletter of Friday 23 February Rickards explained why he is so excited about this crypto: Reason 1 Firstly, it is backed by one of the world's biggest companies — IBM along with a dozen banks and Deloitte one of the world's biggest accountancy companies. Reason 2 Rickards states that Reason 3 Rickards claims that IBM want to launch this crypto on its payments platform this year.

Please let me know your thoughts on Jim Rickards forecast for Stellar Lumens. Authors get paid when people like you upvote their post. Coins mentioned in post:

Crypto altcoins season now cryptocurrencybitcoinlitecoinethereumxrp rippletrx tron price news

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How do u make money with bitcoin

Try it. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin) 1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin). The Bayesian regression Model was implemented using MATLAB.