THE NEW TECH WAVE

CRYPTO CURRENCIES. WHY DO THEY EXIST?

Welcome back! As promised in this discussion, I want to break it down for my readers why cryptos exist and what they do. Most cryptos exist to solve a problem or be used for a particular purpose. In my opinion, these cryptos are the ONLY ones serious investors should be looking at to put their money in. There are many problems that need solving, and the most successful crypto coins are the ones that solve financial problems.

Bitcoin, Ethereum, XRP, Cardano (ADA), Flare, Zebec Network, and Solana are all cryptos that deal with financial issues, problems, or provide some type of use. These cryptos can be used as a store of value, cross-border payments, fundraising, online purchases, investment, smart contracts, staking, the list goes on and on. With these services or applications, a coin with a monetary value is attached to this service. Depending on several factors like supply, usage, market capitalization, and a few other things, the prices of these coins increase or decrease.

I'm not going to bore you all with all of the technical information because at this point we are making a superficial examination of the crypto market. At this point, the most important thing that I am trying to impress upon my readers is that we are on the brink of a MASSIVE transfer of wealth to the crypto market. It is not a matter of IF; it is a matter of WHEN! It’s just that simple!

In my previous entry, I illustrated how a person who invested one US dollar back in 2009 would be a multi-millionaire today in 2025! There is absolutely no way that I am going to miss the opportunity of a lifetime to earn generational wealth that I can pass down to my family that is here now and the children who are coming in the future. If you are reading this, DO NOT lose out to skepticism, fear, or apathy. Life is a gamble and nothing is guaranteed EXCEPT THE FACT that cryptocurrencies are coming and they will transform the world in a way that no one can fully predict.

ne not even me will be able to comprehend.

We are also on the precipice of the greatest wealth creation and transfer worldwide. In my humble opinion, it is going to occur like this: First, the US Federal Reserve is going to lower interest rates and then begin to create money. It’s just that simple. This is the catalyst that will make all of the proverbial economic dominoes fall into place. This money is basically created out of thin air. When, and not if, this event goes down, money will be loaned to institutions, mostly banks, at a very low interest rate. The aforementioned institutions will then begin to loan out this money to other institutions and entities for a profit, and this money will filter into the economy.

Inevitably, trillions of dollars will flow into the crypto market! The cryptos that have utility and deliver value to the markets will appreciate in value, and the crypto coins that basically are there for show will disappear. In my opinion, this will be roughly 80 to 90% of the coins on the market that are basically useless to the public. Need an example?

Useless Ethereum Coin

The world’s first 100% honest Ethereum ICO. The Useless Ethereum Coin is an incredibly hilarious coin which is guaranteed to never appreciate in value, but what’s the catch? It’s worth absolutely nothing. If you invest in this coin, you’re basically giving your money away to a random person on the internet. The website even says it right on the homepage: “You’re going to give some random person on the internet money, and they’re going to take it and go buy stuff with it. Probably electronics, to be honest. Maybe even a big-screen television.”

There are many other coins like this in existence. Why people have time to invent this kind of nonsense coin, I have no clue, but this is a real coin. Imagine that!

Alright, enough of that foolishness! As discussed in my previous articles, the legacy fiat money system is done! It is in its death throes. According to many economic experts, more than 90 percent of purchasing power has been lost due to dollar debasement and inflation since President Nixon took the country off the Gold Standard.

What is the Gold Standard? This is a money system that the US was using up until 1971 when President Richard Nixon moved the country into the fiat money system we have today. Under the Gold Standard…

1. The US dollar’s value was directly linked to gold.

2. A fixed price of gold was set, and gold was sold at that price.

3. Countries involved in the Gold Standard agreed to convert paper money into a fixed amount of gold. 

   

   

   
   
   

Why did we abandon the Gold Standard? In 1971, President Richard Nixon took the US off the Gold Standard basically in order to allow the global money supply to grow. In other words, the US Federal Reserve was allowed to print money out of thin air! This creates both negative and positive reactions within the world economy. When the US Federal Reserve prints money, they usually combine this with lowering interest rates.

When these actions are taken by the US Federal Reserve, more currency is injected into the economy here at home and abroad. More money will be available for customers at lower interest rates by banks. This gives incentives for said customers to expand their businesses, thereby stimulating economic growth. Why is this so huge? Because while the US is only 4% of the world population, we are more than 60% of the world market capitalization in regards to the world stock markets. Valued at more than 63 trillion dollars, the US has more value than China, Japan, and the UK combined! The Bank of England recently lowered interest rates from 5.25% to 4.5% with no real lasting effect on their economy. No other country lowering rates has an effect on the global economic ecosystem like when the US cuts rates. Literally, when the US is doing well financially, the rest of the world prospers. However, when the US sneezes, the rest of the world catches a cold. 

Sources

CoinMarketCap. (n.d.). Today’s top 100 crypto coins prices and data | CoinMarketCap. https://coinmarketcap.com/coins/

Gleiser, S. (2024, July 10). The not so strange yet cynically comical world of the useless ethereum token UET. BitcoinChaser. https://bitcoinchaser.com/ico-hub/useless-ethereum-token

Wikipedia contributors. (2025a, April 17). Nixon shock. Wikipedia. https://en.wikipedia.org/wiki/Nixon_shock

Total market value of the U.S. stock market. (2025, April 5). Siblis Research. https://siblisresearch.com/data/us-stock-market-value/

Peachey, K. (2025, May 8). When will interest rates go down again and how do they affect mortgages? https://www.bbc.com/news/articles/c3dky111m40o