Mayor of Chicago and former Obama’s chief of staff Rahm Emanuel recently talked about Cryptocurrencies in a recent debate on the city’s Fintech movement. He stated that he sees the adoption of Crypto as inevitable, reports Forbes.

Mr. Rahm commented on Cryptocurrency and Blockchain in a recent event hosted by David Carman, the co-founder of FinTank which is a project focused on making Chicago a global financial hub. The mayor admitted of not having enough knowledge about Cryptocurrencies and the technology behind it but he makes his case based on the political scenario.

He cites examples of falling economies like Venezuela and Argentina where their currencies have inflated out of control. He sees a use case for Bitcoin and other Cryptocurrencies as a tool for people living in these countries to opt out of their monetary system.

He said:

“Nation states are falling apart or receding. City states are emerging, so the political structures we all grew up under are changing. One day, somebody’s going to figure out – whether that’s Argentina, ten years from now, five years from now – how to use cryptocurrencies to stay alive when their facing a financial crisis, and then you’re going to find out that this moment has arrived.”

Emanuel being an experienced politician acknowledged that he needs to learn more about Cryptocurrencies and Blockchain technology.

“I don’t know if that’s ten years, and I don’t know if that’s 20 years, but it’s affirmative. I don’t know what it is. I know it’s an alternative way to trade, and therefore, I gotta learn about it.”

Chicago – a Crypto friendly Hub
Chicago is the home for the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) both of which have listed Bitcoin on their platforms. The mayor cited a Delloite report that listed Chicago in the top five global technology hubs, “If you’re not innovating, you’re falling behind,” Emanuel said.

The US states of Wyoming and Colorado have gotten ahead in Crypto regulations, while Wyoming introduced bills that would recognize Cryptocurrencies like Bitcoin as a currency, Colorado introduced the digital token act which exempts certain tokens from securities laws. Mayor Emanuel said he was not aware of these regulations but assured that he is open to newer ideas.

check it out, [https://blockmanity.com/news/chicago-mayor-says-cryptocurrency-adoption-is-inevitable/]

Today, Monday, Feb 11, Ethereum has recovered its #2 position on Coinmarketcap, having surpassed XRP. As of this writing, it's market cap now stands at $12,774,971,783 with market value of $121.88
Ethereum's platform is used by a wide variety of ICOs these days. It's smart contracts capability is 2nd to none. Many corporations, as well as business houses, are taking advantage of these capabilities in order to create their own products as well. Ultimately making Ethereum more popular and gain more movement thus increasing the price in the long run.
Naturally investors have been intrigued as to the sudden coin spike in market cap value. Are you?
Some experts have assumed that two tweets caused ETH’s market cap to rise. The tweets were written in response to questions directed at Vitalik Buterin about what constitutes a megatime success and what dApp has shown a real long time use case. Vitalik answered “BitTorrent” to both questions.
Do you agree?

There were actually a number of reasons as to why we should invest in bitcoin now such as having that advantage of being the first mover, no taxes, easy trading, its flexibility, having multiple applications; to name a few. Mine, will be the most obvious one - its escalating price. With bitcoin there is always the possibility of earning huge profits given the right moment. And surely next to huge profits is the realization of achieving my goal of having a comfortable life. As of this writing bitcoins value was $6480+ only, way too low from that massive price way back December of 2017. But then again, i am confident that, the likelihood that this coin will perform miracles in no time is absolutely great.
What will be your number 1 reason? Do we share the same thought?

Aside from being both cryptocurrency, is there possibly any connection? In any way i looked at it, they were entirely two different thing. Although bitcoin is the very first cryptocurrency BUT altcoins especially ethereum in my opinion have much much way more potentials than bitcoin. So why do most of the time, Altcoins prices do follow that of Bitcoins?

Mga papu, ngayon ko lang narealize na nahack pala ang MEW ko. I was so careful in handling my wallet. I only open it if needed and pinakamatagal na ang 10 minutes. There are 5 different tokens na laman ang MEW ko. Ang nakapagtataka lang eh, isang token lang ang kinuha niya just 2 days ago. Hindi niya ginalaw yung 4. When i check the transaction sa etherscan, i discovered na meron din siyang parehong token at agad-agad eh ipinalit niya sa IDEX exchange. I know for a fact na hindi ko na yun mahahabol. Ang sakit lang sa kalooban na yung pinaghirapan ko eh iba ang nakinabang. The fact na may nakuha na c hacker sa wallet ko, safe pa ba yung remaining tokens ko? o dapat na ba akong magpalit ng MEW? if ever, paano ko ililipat yung tokens ko sa new wallet? Patulong naman mga papu...

Where do Altcoins stands? Ano nga ba ang selling point ng altcoins para ito tangkilikin ng mga investors at tuluyang iwan ang bitcoin? We were all fully aware na Bitcoin ang pinakasikat at nangunguna sa lahat ng cryptocurrencies. Most well sought after ng mga investors kahit na nga may kalakihan ang market value nito. Ano ang opinyon ninyo mga Papu?