BITCOIN VS. OIL

in #bitcoin • 7 years ago

As we all know, oil was the most important economical factor for governments and countries in the past century. Well, the game is about to change now!
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At the beginning of 2010, you could buy more than a thousand bitcoins with a barrel of oil.
Today, one bitcoin is worth more than 55 barrels of oil!

The price of one barrel of crude oil have decreased since 2010
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However, the price of bitcoin keeps rising
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THE QUESTION IS: WHICH ONE HOLDS THE KEY TO THE FUTURE?
According to some research, the world will run out of oil in the next 50 years. But mining bitcoins can last until the next century. So we will actually run out of oil before we run out of bitcoins to mine.

-Will the governments switch to mining cryptocurrencies in the future?
-Do we know for sure which one will lead the market in the future?
-What happens when we run out of oil or mining?

Tell me what you think in the comments!

#cryptocurrency #politics #money #steem
7 years ago in #bitcoin by
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     7 years ago 

    The real reason for all the global actions and theatrical fake news around Qatar is that Qatar has decided to sell their oil denominated in the Chinese Yuan. The Global Agreements that the International Banker Cartel has been able extort in the past demanded that oil only be sold in US Federal Reserve Notes. The Petro-dollar was what gave the US Debt so much relative "strength." There is no Petro-CryptoCurrency. There will never be a real Petro-Cryptocurrency. Petroleum is absolutely dependent upon DEBT and the ability to create as much debt as needed. That said, a Petro-Cryptocurrency -indeed any crypto-currency- would bankrupt the Petro-Dollar for exposing the entire debt creation mechanism as a ponzi scheme.

    The Petro-Yuan is very important as China and Russia are moving to a Gold backed currency and extricating themselves from the central banks tentacles. Shanghai recently opened up their own NON-FIAT gold Exchange in a bid to take away control of Gold Prices from the UK City of London Criminal Bankers.

    US Congress Introduces Money Laundering Act Criminalizing Digital Currencies; Requiring the Reporting of all Digital Currencies and Cash to Local Banks, e.g. Steem

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     7 years ago 

    Experts are saying that oil prices will never get back to 100 USD/bbl so in my opinion its better to invest in bitcoins

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     7 years ago 

    I agree with you 100%, more renewable energy are been discovered day by day, so demand for oil will decline which will affect the price

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