Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’

Cryptocurrency is booming, but the profits aren’t being spread among investors the way they might in a traditional stock market. Metalla CEO Larry Sharpe says we need to do a better job of spreading the wealth around, and his solution is a “X% Return on Investment” program that would be funded through a federal cryptocurrency tax. “You let people put money in and then you allow the money to go back out, and you tax it at X%,” Sharpe told Fox Business. “That’s how you fund social services.”

Register now on Binance, add 50$ and get 100$ bonus voucher!

The CEO of the cryptocurrency, MetallaCoin, recently made comments to an audience at the annual Blockchain Conference in New York, suggesting that the entire crypto industry is a “license for the private sector to print money”. He said; “The industry is already worth $200 billion dollars, and represents the greatest advance in the monetary system in the last 500 years.”

In a recent interview with Cointelegraph, Steven Nerayoff, a CEO of Metalla, an industry-leading cryptocurrency payment processor, said, “We are witnessing a technology revolution.” Thanks to cryptocurrencies, he said, “The private sector is now able to print their own money.” This “privately issued” money will lead to a “massive global economic boom,” Nerayoff predicted.. Read more about metal pay news and let us know what you think.

In an interview this week, Brett Heath, CEO of Metalla Royalty & Streaming, said he believes cryptocurrencies will lead to the next financial crisis. According to the precious metals chief, history shows that the mass introduction of a new financial product usually leads to a financial crisis.

Precious metals expert says cryptocurrency craze could lead to financial disaster

Brett Heath is the CEO of Metalla Royalty & Streaming (NYSE:MTA) (TSXV:MTA), a company founded to unlock precious metals (DM) through royalty and shareholder flows. The 27th. In May, Heath spoke to precious metals news outlet kitco.com and explained that he believes the mass adoption of digital currencies like bitcoin will lead to disaster. Economic disasters begin when society adopts a new financial product, Heath said. If you look at the past few decades and all the financial crises that have occurred, they all have a few things in common. And one of those is the mass introduction of a new financial product or technology that has not been thoroughly researched, Heath said in an interview with David Lin of kitco.com. Heath also noted that it reminded him of the subprime mortgage crisis that rocked the financial world 12 years ago, adding: If you rewind the 2008 mortgage crisis…. We had massive underwriting of mortgage-backed securities. And once the public embraced this new financial product, it failed. It was a big problem.

The introduction of crypto-currencies will have a significant financial impact

Heath added that he is skeptical of the money that has come into the crypto economy, saying that the industry is a free-for-all for the private sector to print money. But he also questioned the Federal Reserve’s expansion of the US monetary system. A PM supporter pointed out that the crypto economy is also growing exponentially. If you look at the total capitalization of the cryptocurrency market, it’s more than 10 times, Heath noted. As the gold price reaches new heights, things are flourishing for PM companies like Metalla Royalty & Streaming. At the time of publication, gold is trading at $1,904 per ounce and silver at $27.92 per ounce. In March of this year, Heath acquired a royalty on the Tocantinzinho project from Eldorado Gold (NYSE:EGO) (TSX:ELD). Heath said he was excited to be working on a project with more than 2 million ounces of gold. In an interview with David Lin of kitco.com, Heath said the crypto economy seems like a recipe for disaster, and he thinks it could well lead to a potential financial crisis. The cryptocurrency market could reach between $3 billion and $10 trillion When that much capital disappears from the world’s digital wallets, you can be sure there will be significant financial consequences, Heath concluded. What do you think of Metalla Royalty & Streaming CEO Brett Heath’s opinion that cryptocurrencies will lead to financial disaster? Let us know what you think in the comments below.

Tags in this story

2008, bitcoin, Bitcoin (BTC), Brett Heath, crypto, crypto assets, crypto economy, crypto industry, Federal Reserve, financial crisis, financial impact, gold, Kitco, MBS, Metalla CEO, Metalla Royalty & Streaming, mortgage-backed securities, PM, PMS, precious metals, private sector, silver Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.Tim Byun, the CEO of cryptocurrency exchange platform Bitquick.co, recently sat down with Bloomberg to discuss his views on the cryptocurrency industry. Among other things, he expressed his belief that the crypto industry is a “license for the private sector to print money.” He was particularly interested in talking about how Bitquick has been able to take advantage of the not-so-friendly regulatory environment that has caused many crypto-focused businesses to go under or simply move away from the U.S. in the wake of the Facebook Libra scandal.. Read more about metalla stock and let us know what you think.

Related Tags:

metal pay newsmtl coin price predictionmetalla royaltymetalla stockmetal pay reddithow to invest in metal pay,People also search for,Privacy settings,How Search works,metal pay news,mtl coin price prediction,metalla royalty,metalla stock,metal pay reddit,how to invest in metal pay,metal coin,is mtl coin a good investment

Register now on Binance, add 50$ and get 100$ bonus voucher!

Recent Articles

Tonga accepts Bitcoin donations amid tsunami onslaught

A small island of Tonga has been hit by a tsunami, and the country is calling for donations in Bitcoin. The nation’s Prime Minister...

How to Buy Solana (SOL) in India

It is important to know how you can buy SOL in India. It’s no secret that the Indian market has only recently begun to...

How to Buy Flow (FLOW) in India

Flow is a cryptocurrency that was introduced in June 2018. It uses the Ethereum blockchain platform, but has its own built-in digital currency called...

Moonbeam Goes Live on Polkadot, Becomes its First Fully Operational Parachain

Moonbeam, the world’s first fully operational on chain scaling solution was released into the wild this week. The Polkadot-powered platform aims to provide scalability...

Stacks ecosystem becomes #1 Web3 project on Bitcoin

The Ethereum blockchain, which powers the Stacks ecosystem’s token STX, has become the most important web3 project on Bitcoin. The announcement is a sign...

Related Stories