2.7.2014 BY PATRICK ROVE
The digital currency Bitcoin is one of the hottest financial stories
in the world right now — especially after skyrocketing 5,000% in one
year (which includes a roughly 30% drop in recent months).
But many Bitcoin investors may not be too happy when they hear about
the research being done by Matthew Green, an assistant professor of
computer science at Johns Hopkins University.
It turns out that Bitcoin transactions are not as private as many
According to Green, every single Bitcoin transaction is recorded in a
public ledger. The ledger shows the size, time, and amount
transacted. This ledger is necessary to prevent duplications --but
professor Green says it's also the key reason why Bitcoin is not
Green and other cryptography experts say patterns in the ledger can
be tracked with data-mining software and ultimately traced to the
In other words, if you think you can use Bitcoin to make anonymous
payments… or secretly move money around the world… think again.
With a little digging, just about anyone, including the U.S.
government, can track every Bitcoin transaction you make.
Editor's Note: PhD currency expert finds alternative
currency that’s safer and more profitable than Bitcoin, and totally
Unfortunately for Bitcoin buyers, the digital currency has recently
come under fire because of other problems too.
Dr. Steve Sjuggerud, a PhD currency expert and a former mutual fund
Vice President and hedge fund manager, says: “Any way you look at
Bitcoin right now--as an alternative currency or even as an
investment--it just doesn’t make sense.”
“A sound currency needs two very basic things,” says Dr. Sjuggerud.
“First, it must be readily accepted by others. And while it's
becoming easier to spend your Bitcoins, it's still much more
difficult than it is to buy with dollars. So it’s more a novelty than
“Secondly,” says Dr. Sjuggerud, “A currency must be stable. And
Bitcoin is anything but. Did you know it’s risen or fallen by 5% or
more on 116 different occasions in the last year? The U.S. dollar
hasn't done that even a single time.”
But how does Bitcoin stack up as an investment?
Dr. Sjuggerud says, “While it's impossible to determine a ‘fair’
price for a Bitcoin right now, I think it's hard to call it ‘cheap,’
after a 5,000% gain in one year.”
Dr. Sjuggerud says you’ll find the biggest gains in the investment
world when buying investments that no one is talking about… and
selling these investments when everyone is talking about them.
Editor’s Note: One alternative currency is backed by
gold, is favored by some of the wealthiest people in America, and
could return 600% or more over the next few years.
In other words, right now Bitcoin doesn't meet the basic criteria for
a currency… and it's probably not a good investment. And many new
Bitcoin buyers are likely to find out the hard way that their
transactions are NOT anonymous.
Still, Dr. Sjuggerud says he believes strongly in the idea of
Americans getting at least some money out of the U.S. dollar.
After all, the U.S. currency has lost 90% of its value over the past
60 years. A million dollars today has the equivalent purchasing power
of just over $100,000 back in the 1950s.
And because of that, Dr. Sjuggerud says there's actually a totally
different type of “cryptocurrency” you should consider, which has
until recently remained largely a secret of wealthy Americans.
This unique alternative is completely anonymous…
and is actually
backed by gold and silver.
It allows you to carry up to $1 million or more in your pocket… is
accepted in every state in America (in every country in the world as
far as he knows)… and unlike Bitcoin and most other cryptocurrencies
out there today, this has nothing to do with the Internet or
computers so it works even when the electricity goes out.
Dr. Sjuggerud says this unique alternative is probably the safest
currency on Earth, and offers you a sound way to get out of the U.S.
dollar AND potentially make a small fortune in the years to come.
Dr. Sjuggerud and his team have put together a short slide show
presentation, explaining all the details on this alternative “secret
You can access their work free of charge on their website,