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Central banks have hated, smeared, discredited, and laughed at it…
Turns out they’ve also—quietly—started backing it: The “blockchain.”
[The blockchain is a decentralized, secure digital ledger. It’s revolutionizing the realm of digital transactions—everything from trade (cryptocurrencies), to music, to real estate.]
Some of the world’s largest central banks now report the technology will boost a nation’s gross domestic product (GDP) up to 3%. That may not sound like much… but in the U.S. alone, that’s an additional $540 billion per year in productivity.
But there’s a dark side to their motives… and it has everything to do with the global War on Cash.
In today’s can’t-miss 3-Minute Market Minder, The Palm Beach Letter’s Teeka Tiwari lays out what the banks are up to… and how to stay ahead of them in terms of privacy… and profit.
(When you’re finished, Big T describes the best way to make a killing from the monetary “authorities’” favorite crypto technology, right here.)