Going through mainstream health articles, I had a small epiphany: health advice has to be taken (literally) with a grain of salt. That’s because most of the groceries and supplements that we consume are manufactured, many of them sourced from publicly-traded companies.
In turn, these companies have a vested in promoting their latest and greatest food products, nutritional supplements, and other health-related offerings. Mainstream health journals and publications then receive desperately needed advertising revenues. Although a conflict of interest, these media outlets have zero incentive to telling the truth to the public if their advertising revenues are threatened.
So it is with investment advice. As you may know, I work in both the mainstream and alternative media sectors. While I have absolute freedom in deciding whether to be bullish or bearish on a particular company or sector, I also have a suspicion that some topics are not nearly as widely circulated as others due to advertisement “concerns.”
After all, the mainstream media lives or dies by advertising dollars, and writing bearish investment advice about the hand that feeds you isn’t particularly productive.
Which brings me to the cryptocurrency investing markets. Practically speaking, the blockchain is one of very few sectors where you can a robust library of unbiased investment advice. Since no one owns bitcoin or most other cryptocurrency assets, there’s little incentive to deliberately push a digital token to the stratosphere.
Even with a centralized cryptocurrency like Ripple, its primary selling point is not the altcoin’s performance in the investing markets, but rather, the blockchain technology itself. Indeed, banks and financial institutions don’t have to use the Ripple cryptocurrency to take advantage of the organization’s blockchain payment and transaction platform. Thus, bullish or bearish investment advice towards Ripple coin doesn’t fundamentally matter to interested institutional clients.
This is a profound irony because the mainstream investment advice towards bitcoin and other cryptocurrency assets is largely negative. News sources constantly harp on the extreme volatility found in the cryptocurrency investing markets, implying that this sector is extremely untrustworthy.
The opposite is true. Since large, institutional players carry the most leverage in traditional investing markets, they have extraordinary power to color the markets in a specific angle or framework. And really, who is to deny them? While we technically have bulls and bears arguing over every stock or tradable asset, the reality is that money talks, and it talks the loudest.
That’s why very few voices sounded the alarm prior to the 2008 global financial crisis. In actuality, perhaps several voices did sound the alarm – they just got drowned out by the institutional money advertising a different story. No one wants to hear bad news, and certainly, no one wants the gravy train to stop.