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Bob Hoye & Chris Waltzek on GoldSeek Radio – December 5th, 2018

by Chris Waltzek
GoldSeek Radio

In Part II. with Bob Hoye of Institutional Advisors, the narrative includes cryptocurrencies in particularly the need to improve public awareness and education on the important topic. The high level of misinformation surrounding the de facto currency of the future requires closer examination. Although in bear market territory, a few altcoins are showing signs of life, such as SALT and WAVES; both rebounded around 50% this week. The debate between Bitcoin aficionados and naysayers is put under the microscope, including the viability of Bitcoin as a payment system with a few transactions per second versus credit card companies that facilitate thousands of transactions per second. However, the host notes the inexpensive nature of transferring wealth, sometimes as low as $0.01 per $10,000 Bitcoin transaction, as well as $194 million transferred for ten cents. The same transaction using traditional wire transfers could cost “tens of thousands of dollars” and require days to clear, making a solid case for cryptos.

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