How to Start Cryptocurrency | Episode 11: Changes in the Cryptocurrency Environment and Investment Strategy [Fudō Shutarō]
Currently, in the cryptocurrency market, new virtual currencies are constantly being created and there are many varieties. This time, we ask Mr. Fudō Shūtaro to teach us about the noteworthy cryptocurrencies among them, as well as interview him about investment strategies for operating cryptocurrencies.
※This article is a re-edited piece from FX攻略.com's September 2019 issue. Please note that the market information in the main text differs from the current market.
Fudō Shūtaro (Fusei Shūtaro) Profile
Forex instructor and author. Publisher releases seminar DVDs and interview CDs. In addition to giving talks at financial exchanges, securities exchanges, FX brokers, and investment trusts companies, he also writes for magazines and serves as a school instructor for FX and stocks.
Official site：Fudō Shūtaro's "Behind the News Reporting"
twitter：https://twitter.com/syutaro_fudo
Facebook Introduces its Own Cryptocurrency
Forex moves on key indicators and remarks by leaders, but cryptocurrencies (crypto assets) can experience large price swings due to small news or rumors. This time we cover cryptocurrency news, which could affect not only the prices of other cryptocurrencies but also social infrastructure.
In the United States, Libra, a proprietary cryptocurrency, and services utilizing it, were announced on June 18. In Japan, that news appeared in the morning edition of national newspapers the next day. Libra is reported to involve well-known and influential companies with high recognition and many customers, including credit card company Visa, MasterCard, and music streaming service Spotify.
In many countries around the world, including the United States, people who cannot open a bank account due to income or other requirements exist in large numbers. If using a smartphone to make settlements and transfers easily with Libra becomes possible, more people are expected to use it. If that happens, the impact on existing financial industries such as banks could be enormous.
