Over the last few years, cryptocurrency has seen a surge in popularity. In some cases, there has been an accompanying surge in value as well. However, there is much risk in going too heavy into crypto as your investment strategy because there is a lot more volatility in cryptocurrency than other assets.

People may complain about the US dollar losing value, but Bitcoin has lost 72% of its value in the past 10 months. Ethereum has lost around 74% of its value in the last 10 months as well. I do think that it will likely recover, but not for a few years. If you have an extra $10,000 that you’re willing to lose in order to possibly get a big reward, you could try getting some Bitcoin, but I don’t even think that we’re at the bottom yet.

The White House has expressed interest in creating their own digital currency.

According to the Epoch Times,

The Biden administration is “closely examining” the possibilities for issuing a central bank digital currency (CBDC) based on a technical report prepared by the White House Office of Science and Technology Policy (pdf), along with other reports.

“If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system,” said Alondra Nelson, head of the White House Office of Science and Technology Policy in a press briefing on Sept. 16. “However, a U.S. CBDC could also introduce a variety of risks, as it might affect everything ranging from the stability of the financial system to the protection of sensitive data.”

Based on Executive Order 14067, a central bank digital currency system should integrate seamlessly with traditional forms of the U.S. dollar, improve existing payment systems, ensure global financial interoperability, advance “financial inclusion and equity,” protect national security, “provide ability to exercise human rights,” and “align with democratic and environmental values, including privacy protections,” the technical report states.

There is one major problem with switching to a centralized digital currency and that is the fact that they can do with it as they please. If they want to shut you off, they can shut you off. If they want to charge you an exorbitant amount of fees to hold it for you or for you to be able to withdraw it.

Don’t think it can happen? Well, I wouldn’t be so sure about that. It has happened in other places. While it is highly unlikely that anything is going to happen to us as a country that would be cause for something like this to happen, it’s not out of the realm of possibility if we end up in World War III.

Personally, I’ve never had any issue with trying to withdraw my own money. The only times where issues normally arise for people is when there is a large amount being deposited into an account and they want to withdraw it before it clears entirely. Banks aren’t wanting to take on too much risk because what if the check bounces after you withdraw $20,000? That becomes their loss.

However, something recently happened in Lebanon where a bank wasn’t allowing a woman to withdraw her own money so she took things to drastic measures and robbed the bank at gun point just to get her own money out of her account.

We are a much different country than Lebanon, but don’t think that the government is going to be any more kind with your money if they have ultimate control over your money.

I don’t think that this is related to the mark of the beast or anything like that. I believe that the beast was a historical figure in the past. Take a look at these short videos below for a brief explanation.