The U.S. and China Account for Half the World’s Household Wealth
Measures like GDP are commonly used to understand the overall wealth and size of the economy. While looking at economic output on an annual basis is useful, there are other metrics to consider when evaluating the wealth of a nation.
Household wealth statistics reveal which country’s citizens are accruing the highest level of money and assets worldwide.
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Cost of Mining Bitcoin in 198 Different Countries
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It takes an estimated 1,449 kilowatt hours (kWh) of energy to mine a single bitcoin. That’s the same amount of energy an average U.S. household consumes in approximately 13 years.
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Sweden’s Riksbank, the world’s oldest central bank, is exploring the possibility of a digital register-based e-krona; the Reserve Bank of New Zealand is researching whether its physical currency could be replaced by a digital alternative; the Bank of England is trialling blockchain-like systems; the Monetary Authority of Singapore is examining the use of distributed ledger technology for clearing and settlement of payments; and the PBoC said in October that it had completed tests on algorithms for a prototy
Authored by Steven Vannelli via Knowledge Leaders Capital blog,
In a US Dollar bull market with interest rates at zero, cash is rightfully dismissed as a non-asset class. But, when the US Dollar is in a bear cycle, things change, irrespective of what US interest rates are.
There are a handful of indicators we use to identify US Dollar bull and bear cycles.