Bitcoin Will Be the Last Crypto Standing
Bitcoin Will Be the Last Crypto Standing
September 1, 2018|BITCOIN
The fact of the matter is that no force on earth can stop the rise of Bitcoin. I am not speaking about price, but rather the spreading of bitcoin globally. The bear and bull markets are something that was created by wall street and bankers many years ago. In the distant past we bartered, traded gold and silver, and exchanged services. Humanity didn't rely on the price of a stock on a regulated market to decide value. Value was provided by a service or the backing of physical assets or services. In this case, Gold and Silver, have been digitized as Bitcoin. The future is all digital.
If no government entity or corporation on the planet used Bitcoin, our community still would use it. Millions of people have decided that we will use Bitcoin to transact and share the digital future. We do not need an ETF or government agency to tell us yes or no. Bitcoin can't be banned. In China, cryptocurrency is essentially illegal. However there are 100,000's of miners actively mining or buying Bitcoin. Venezuela tried to ban Bitcoin mining. 10,000's of Venezuelans are mining and buying Bitcoin. Pick a country on the planet that wants to ban Bitcoin and you will find thousands of citizens saying they don't care. You can't ban free thought and the will of people to better their lives. Bitcoin is freedom. It is not only an economic model that can be stopped by an outside entity.
Now, some of you may say that their is so many illegal actions being conducted with bitcoin transactions. I find this idea laughable. In the global economy dominated by fiat currencies, we see nothing but illegality using transactions that can't be traced. A bitcoin can be traced. That is a fact. We must understand, as a society, that fiat was good in the past, but in the future everything will be digital. It would be naive for any corporation or government not to accept this fact. Printing money on a press is an archaic idea. In reality is almost every currency created on the planet is digital anyway. The circulating supply of paper fiat is actually quite small.
Bitcoin mining profitablity for private citizens has a time limit. There are only 4 Million Bitcoin left to be mined on this planet. Since 2009, we have seen them being mined primarily by average people until the last few years. In the future we will see nations transition from banning mining to building large scale industrial operations. The reason is the failure of the world's currencies at a more rapid scale than many have predicted. When you judge nations based on their debt to GDP, this proves my theories true. We will see a mad rush, the likes of which, the planet hasn't seen since the discovery and use case for gold. Institutional investors will most likely wake up in 2019. The Bitcoin miner halving, in May 2020, will be the last straw for all the other hold outs. Fiat based nations will understand and FOMO into this market.
Just in the last few weeks we have seen some extremely bullish news. The Nasdaq exchange will add Bitcoin and cryptocurrency options in late 2019. The SEC will most likely approve one of the ETF's in 2019, after compliance requirements are met. The IMF and G20 are getting behind "blockchain". This is essentially Bitcoin, they just don't understand that fact. Even the rapper, Eminem, mentioned Bitcoin in his latest album. Also, many of the world's billionaires are looking into Bitcoin and some probably even privately own it. In the end we will see what happens as far as pricing, but I'm here for the long haul and do not worry about such things.
By Truthraider.com