Cryptocurrency and the Economy...What Does the Future Hold?

When Satoshi Nakamoto began working on Bitcoin in 2007 did he know the significance of what he was creating? Did he realize that 10 years later the #blockchain concept would have spawned over 800 different #cryptocurrencies and digital tokens with a plethora of different use cases and some that have none at all. Coins and tokens that would in essence form a secondary financial system that would run side by side with our current system that's been in place for centuries.

The world is on the verge of an economic crash that will make 2008 look like a walk in the park. Many believe it is coming this fall and if you look at the last 3 crashes we have had, they all started in or around October. If you held precious metals during one of these crashes then you were probably ok. Right now in Venezuela with the devaluation of the Bolivar, an ounce of silver will buy 6 months of food. Another thing that is becoming massively popularity and widely used there is Bitcoin. It is literally saving the lives of the people who use it there.

Clif High's web bot reports have bitcoin at $13,800 by February of next year following a summer of volatility and starting to steadily rise in September. Usually when we see huge price rises in bitcoin other cryptos rise with it. Is the reasoning for these price predictions that at the time we will be in the middle of a massive economic collapse the likes of which we have never seen? Many people think this is going to be the case. One thing is for sure though, if you hold Bitcoin and maybe a mix of other cryptocurrencies during the coming economic crisis you will be just fine. If you have the foresight to hold precious metals with your cryptos it will be a double win!

We don't know for sure if the bubble will pop this fall but it is going to pop and when it does we are going to see a huge wealth shift. People who embraced the blockchain technology early and hold their private keys will have the means and ways to survive and thrive while the people around them who had their heads burried in the sand will probably have a hard time figuring out where their family's next meal is coming from. People like Bix Weir and Sean from SGT Report have been warning about what is coming for years and the smart ones listened and prepared accordingly. Unfortunately the vast majority believe the lies of economic recovery the mainstream media and the government has been telling us for the past few years.

It is said the Satoshi Nakamoto started writing the Bitcoin white paper as a response to the 2007-2008 crisis. It seems like he saw the writing on the wall and wanted to give the people a way to protect themselves financially from a broken and corrupt monetary system. A system that lines the pockets of the elite and takes from the little guy. Will this new and honest monetary system take the place of the current system when it finally dies? We don't know for sure what the future holds for the blockchain but there are two things I know. It's not going anywhere and I am glad to be on this exciting ride.

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