Juan M. Villaverde | Source | Crypto and Cycles Analyst at Weiss Ratings
Juan M. Villaverde
Juan M. Villaverde is an expert in the field of cryptocurrency with a unique background as both an economist and pro trader. Juan developed the world's first crypto timing model based on cycles, which he combines with Weiss crypto ratings model to make informed investment decisions. Juan is the editor of Weiss Crypto Portfolio and Weiss Crypto Investor and is available for interviews and expert commentary on the cryptocurrency market.
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Weiss Ratings (https://weissratings.com)
Crypto and Cycles Analyst
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Rating Cryptos - Juan Villaverde
Juan Villaverde explains how Weiss Crypto Rating measure numerous cryptocurrencies and how traders can utilize crypto rating in their trading. Learn the crypto red flags. Measure price performance of the different types of cryptocurrencies.
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"We need to make a distinction here between fiat money and digital money. Fiat money is issued by the government and it comes in many forms. These forms can be digital — credit and debit cards, bank transfers, etc. — or physical, as is the case with paper bills.
A CBDC is the ultimate form of what I call “digital fiat” — digital money issued by a central bank and, presumably, sent directly to people’s bank accounts. My guess is that it will be initially introduced as a counterpart to physical cash, but ultimately, the idea is to completely do away with physical money.
Why is that? The answer is simple: Digital fiat gives governments compete control over the currency. Tax avoidance would be almost impossible under this regime. More important, governments see it as a way of backstopping bank runs, i.e. withdrawing money from banks into physical form. In short, digital fiat gives the issuer more control over that currency."
