AstroTrends: Currency

 
 Freddie Collins via Unsplash

Freddie Collins via Unsplash

With Taurus associated with currency, financial markets, and the economy, I can’t help but think about how this realm will be revolutionized. In this overview, I’m going to focus on a revolutionary approach to money—cryptocurrency—while also giving a nod to two other factors related to financial markets in general. (For timing context, Uranus is in Taurus May 15 - November 6, 2018; March 6, 2019 - July 7, 2025; and November 8, 2025 - April 26, 2026. For more about Uranus in Taurus AstroTrends in general, see this article.)

 

Redefining financial regulations

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The last time Uranus entered Taurus (June 6, 1934) was the same day that the Securities Exchange Act was enacted. This legislation forms the foundation for regulation of the financial markets in the U.S. It also established the Securities and Exchange Commission (SEC), which oversees enforcement of federal securities law. As noted below in the discussion on cryptocurrency, all eyes are on the SEC and how it may regulate this financial arena. Yet likely this may not be the only shift we see in this realm; after all, it’s the Uranus Return of the SEC. It will be interesting to see how and if this agency and the guidelines it operates under shift and evolve, notably as a result of the technological advances that are affecting traditional financial markets.

Will the meaning of a bull market be redefined?

 Marcy Hargan via Flickr

Marcy Hargan via Flickr

The totem for Taurus is the Bull, a symbol strongly associated with financial markets. A bull market is defined as one in which securities or commodities are rising in value (while a bear market signals one in which there is declining value). Interestingly, one of the first mentions of the term Bull, in reference to a way of brokering securities, was in the 1769 edition of Thomas Mortimer’s Every Man His Own Broker. And guess what? In 1769, Uranus was also in Taurus. One can only wonder whether Bull Markets will grab our attention in ways we may not have expected.

Hello, cryptocurrency!

 Andre Francois via Unsplash

Andre Francois via Unsplash

Likely you’ve heard of Bitcoin and the idea of cryptocurrency. And even if you don’t fully understand it (it’s quite complex), it feels like something to have on your radar.

Unlike traditional currency (known as “fiat currency”), which is authorized and controlled by the governments of nation states, Bitcoin and other cryptocurrency are, by design, decentralized. And while governments are starting to think about distributing their own version of crypto, at the heart of this type of currency, as it’s been envisioned and established, there is no one central owner or organizer; rather, it is created and managed on a blockchain (I’ll be discussing the revolutionizing impact of blockchain technology in a future AstroTrends piece), which is is managed by a peer-to-peer collective. In addition to there being a heightened level of privacy associated with owning cryptocurrency, there are numerous other benefits including their fast transactions speeds (making money transfer more efficient and less expensive) and the privacy associated with using it.

Money not centralized in the power of a government, but rather decentralized via technology among the people, not limited to be used in a certain nation across borders which can revolutionize trade and commerce across the world, and able to move at lightning speed? How very Uranus in Taurus!

Now, cryptocurrency has been around since before this current astrological mini-era. Yet interestingly, it does have a connection to the planet Uranus. The connection is that Bitcoin, which pioneered this whole realm, was initiated in October 2008 when the mysterious Satoshi Nakamoto published the first white paper on it. During this month, change-it-up Uranus was actually aligning (by opposition) to give-it-structure Saturn…and voila, Bitcoin was born.

Here are a few of my thoughts as to what we may see during this Uranus in Taurus era when it comes to cryptocurrency:

The sifting out of the cryptocurrency space

Currently, while there are over 1,000 types of cryptocurrencies, which run the gamut in terms of their design and usage intention, as well as the integrity with which they are viewed. For example, there are the major cryptocurrencies, such Bitcoin and Ethereum, which are looked upon as standard bearers while there are some that people view more as flash-in-the-pan Ponzi schemes (and then everything in between). The shake-up in this space may inspire the shaking out of those that don’t have integrity and a strong foundation.

The regulation of cryptocurrency

In the U.S., the Securities and Exchange Commission is working towards creating some regulation for cryptocurrency. In pure Uranian fashion, it's a complex endeavor given that some cryptocurrencies function as securities and some as utilities. It will be interesting to see how this evolves, the debates that ensue, and how this impacts the adoption of cryptocurrency into conventional markets.

Greater adoption of cryptocurrency by the public

There aren’t many companies accepting cryptocurrency (although Expedia and some others are pioneers in the space). But we may see this change over time as stable cryptocoins emerge. Currently many of the digital coins are targets of speculative trading with values fluctuating so much (Bitcoin ranged from $900 to $20,000 in 2017) that they aren't pragmatic to be used for every day commerce. Yet, with the development of stable coins as well as other digital utility tokens, we will likely see that change.

Governments issuing their own cryptocurrency

While governments are working towards creating their regulatory stance on crypto, some are looking to get in on it. Venezuela has the Petro, and Russia, China and others are thought to be working towards developing their own. This may itself be quite the Uranian twist, redefining its principles, since a government-backed cryptocurrency may not necessarily hold true to the originally envisioned structure and benefits of a digital currency.

 

Looking onward...

 Rik Van Der Kroon via Unsplash

Rik Van Der Kroon via Unsplash

Given these connections, I can’t help but be intrigued how the financial markets and the currency we use may shift and churn, and be redefined, during this Uranus in Taurus period.

Stay tuned for the next focus in this series that will focus on the Internet of Value + Blockchain Technology.