A year ago, a few people thought it was impossible to make a decision about a coin.
Then it happened.
This year, the odds of you buying it are about one in 1.6 billion.
The price, which fluctuates between $1 and $2.00, is so low, in fact, that the value of your coins has almost tripled since the year 2000.
This has happened for every major coin in existence, from the gold standard silver to the platinum standard palladium.
“I think the market has gone through a revolution,” says Andrew Clements, chief market analyst at CoinMarketCap.
“We are seeing more and more coin prices go up.”
But even more important, the number of coins out there is increasing by almost 10% annually.
The coin market is big enough to support an entire generation of kids who want to know about the origins of the world’s currency.
“There is a real demand out there for learning about coins,” Clements says.
In this age of cryptocurrencies, there’s also a need for an explanation for why the coins that you own are valuable.
And so far, there is one.
It’s called the Ponzi scheme.
For years, a group of wealthy individuals have been using the U.S. government’s printing presses to make fake currency to siphon off investors.
The scheme was started in 2000, when a small group of bankers got together and formed the first U.K.-based PonzisTrust, which later morphed into PonziaTrust, Inc. The group, led by hedge fund billionaire George Soros, has used various schemes to get rich.
Now, more than 90% of the coins issued in the U to date have been stolen from U. S. Mints.
But Ponzios are still very much alive, and they have a new nickname: the coin lottery.
So far, about 20,000 people have used the system to win $1,000 or more, and the Pools have raised $6 billion in bets.
But if you want to understand why a coin is worth what it is today, you need to understand the history of the Prowler.