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Our own Jonathan Frutkin talking about the most valuable currency in the world at Nasdaq MarketSite in New York City.

February 16th, 2018

Posted In: Featured News

Can you guess what the most valuable currency in the world is? You can buy 1 Euro for $1.24 in Germany using US dollars. Or for $1,300 USD, you can buy 1 ounce of gold. Or you can buy 1 bitcoin for $8,500. Which one is most valuable?

Throughout history people have used various currencies for transactions. In the earliest days, bones and teeth of various animals were used to trade for goods. There were a limited number of animal bones or animal teeth of a certain kind, which gave value to the ones used to transact for other things. Other civilizations used particular shells or other items to denote value.

The Gold Rush that occurred in the United States in the 1800s was basically an opportunity for people work to dig something up out of the ground, something with limited volume, and then use that as money. There was a great deal of trepidation when the United States moved off of the “gold standard” because that was used in order to back up real US currency. However, we have now grown used to the fact that the United States government controls the number of dollars that are in circulation, that that number is tied to the value of something, and that we can count on the dollars not to fluctuate too greatly on a day to day basis.

So which currency is the most valuable?

Notice the way your day functions. What do you use to make a transaction? Here in the United States, the United States Dollar is worth the most. It is worth more than gold. It is worth more than real estate. It is worth more than bitcoin. Why? Because you can buy things with it.

Money is used to buy things. It is used as a store of value that can be easily transferred in order to purchase things to eat, for shelter, for clothing, and the other things we need on a day to day basis. When was the last time that you went to the grocery store and asked to pay using a diamond? Or you said “Hey, I have got a whole bunch of Japanese Yen, can I use it?”

So the most valuable currency of all is the one that allows you to buy things in the country that you need to buy things in. That means the United States Dollar is worth a lot less in Europe, than it is in the United States.

So what holds all this together? It is the ability to change stores of value, whether that be other currencies or precious metals into local currency. For example, it is very easy if someone were to hand you Euros to accept that as payment, because you could simply go down to either your bank or a company that changes money and make that into US dollars. You can also accept gold. There is an easy way to know approximately how much US dollars you can get in exchange for gold. However, imagine somebody came to you with Malaysian ringgit. If they did that, you would say no. Why? Because it is incredibly difficult to turn that into United States currency.

This means that the ability to exchange is one of the most essential values of money. So, it is true in the world of cryptocurrency that the exchange is king. Without the ability to exchange cryptocurrencies into local currency that allows you to buy things, you have nothing.

At the beginning of the cryptocurrency boom, there was the thought that bitcoin and other cryptocurrencies would be used as a way to replace US dollars or other local currencies. We are quite far from that. Who knows what the future holds, but for now local currency continues its reign. You will always be able to purchase things in that local currency. Until that time, without an exchange, your cryptocurrency is worth nothing.

Policy makers know this. This is the easiest place in the cryptocurrency ecosystem in order to push forward with governmental power. We have already seen it in China and we are beginning to see it in Korea and India. Keep your eye on the cryptocurrency exchanges. It is the only thing that can change cryptos into the most valuable currency in the world.

February 7th, 2018

Posted In: Uncategorized

Phoenix, ArizonaRadix Law’s principal attorney, Jonathan Frutkin, is the featured speaker at the FintechWorld “ICO’s Road Show” being held February 7 at the Harvard Club of New York.

The event titled “Tokenomics 101 & Cryptocurrency” is the first stop on the 2018 tour for FintechWorld conferences and workshops. Discussion topics will include initial token offerings and emerging trends in the cryptocurrency space. Frutkin’s speech will focus on the emerging regulatory oversight by both the United States government – and governments around the world.

“Despite the recent increase in mainstream news covering cryptocurrency, there is still so much that is misunderstood about the concept and how is can be used effectively,” said Frutkin. “We are only seeing the tip of the iceberg in terms of cryptocurrency’s impact on our economy and the way we do business.”

Frutkin is a frequent media commentator on television, on the radio and in print. Just recently, Frutkin was listed as one of Arizona’s Top 100 Lawyers of 2017.

Radix Law now has more than a dozen attorneys, specializing in the law of Business, Real Estate, Commercial Litigation, Bankruptcy, and Estate Planning.

February 6th, 2018

Posted In: Uncategorized

Jon Frutkin stopped by FOX10 to talk about the new laws that were taking effect on Wednesday, August 9, 2017 and what you need to know about them.

August 10th, 2017

Posted In: Uncategorized

Attorney Jon Frutkin spoke via Skype to The List about some weird laws that exist in different states across America.

July 13th, 2017

Posted In: Uncategorized

With an audience of approximately 75 local business leaders, Jonathan Frutkin of Radix Law led a moderated discussion with Arizona Congressman David Schweikert about how changes in the administration impact businesses and specifically, the local economy at an event on May 10 in Scottsdale.

May 18th, 2017

Posted In: Featured News

(Scottsdale, Arizona) There have been big shock waves coming out of DC, but Wednesday’s event in North Scottsdale went deeper to uncover the policy behind the politics. With an audience of approximately 75 local business leaders, Jonathan Frutkin of Radix Law led a moderated discussion with Arizona Congressman David Schweikert about how changes in the administration impact businesses and specifically, the local economy.

Jonathan Frutkin’s practice focuses on business and corporate law, and he is a respected source in how companies can harness crowdfunding potential. Just recently, Frutkin was listed as one of Arizona’s Top 100 Lawyers of 2017.

“In just the last few months of this current administration, we’ve already seen so many developments that impact our clients, their businesses, and the future of Arizona in general, so it’s important for all of us to stay informed on what’s happening in Washington,” said Jonathan Frutkin, founder and principal of Radix Law. “We appreciate Congressman Schweikert taking the time to talk to our group.”

No topic was off-limits as Congressman Schweikert and Frutkin discussed several “hot button” issues regarding the first 100 days of the Trump presidency, including the President’s Twitter usage, his tax returns, policy proposals, political appointments and more.

“Being on the U.S House Committee on Ways and Means as well as the House Freedom Caucus has given me a unique perspective on the current happenings in Washington, so I’m always happy to share insight with Arizonans on the reasoning behind these policies and changes,” said Congressman David Schweikert.

David Schweikert is serving his fourth term in the United States Congress.  He is only the second Arizona member to hold a seat on the Ways and Means Committee, having previously served on the Financial Services Committee.  As a strong advocate for efficiencies in the 21st Century economy, Schweikert collaborates with entrepreneurs and innovators in Arizona and around the world on ways to increase trade and drive economic growth.

Jonathan Frutkin is a frequent media contributor and has appeared in The Economist, Kiplinger Personal Finance and The Washington Post. For more information on Radix Law and practice areas, visit www.radixlaw.com.

May 11th, 2017

Posted In: Uncategorized

Washington D.C. – Radix Law’s principal attorney, Jonathan Frutkin, will be a featured speaker at the “Fourth Annual Conference and Workshop for Crowdfunding USA” scheduled for May 4 to 5 at the National Press Club in Washington D.C.  Frutkin is the author of the book Equity Crowdfunding: Transforming Customers into Loyal Owners.

The two-day conference consists of panels and discussions which will focus on a variety of crowdfunding issues including the system approved in May 2016 which allows issuers to raise up to $1 million via equity crowdfunding. Other workshops include Real Estate Crowdfunding, Pros and Cons of Internet finance and lending, Title II, Regulation A+ Mini IPO and more.

In addition to his work in crowdfunding, Jonathan Frutkin has a long history as a business executive and owner. He has owned a website design business, a software company, a real estate development company and was the developer for a national ice cream chain. As the founder of Radix Law (formerly The Frutkin Law Firm), he worked to put together the top legal talent available to assist business clients – growing the firm to more than 10 attorneys within a few short years. His practice focus is on providing general counsel, including capital formation, mergers and acquisitions, litigation strategy and intellectual property. He has also appeared frequently in the media, including in international publications like The Economist, Kiplinger Personal Finance and The Washington Post. He is a frequent media commentator on television, on the radio and in print. Just recently, Frutkin was listed as one of Arizona’s Top 100 Lawyers of 2017.

“Business leaders can no longer ignore the power of crowdfunding to raise substantial capital, but rules and regulations are constantly changing and it’s important for those leaders to stay on top of these developments,” said Jonathan Frutkin, principal attorney at Radix Law.  The change in the administration and new members of the Securities and Exchange Commission make this area ripe for change, I am looking forward to discussing these topics during my panel on May 4.”

May 3rd, 2017

Posted In: Uncategorized

Radix Law Principal, Jon Frutkin was included in Arizona Business Magazine’s annual Top 100 Lawyers in Arizona list.

April 4th, 2017

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The Frutkin Law Firm has become the first Arizona practice to take advantage of the state bar’s trade name rule.  It announced it will rebrand as Radix Law on Jan. 1, 2017, according to a press release.

January 3rd, 2017

Posted In: Uncategorized

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