RE: Bitcoin $11K and its relationship to a foreseen recession (my thought)
Dear @ajewa
I wonder if crypto space is ready for another bull run. Obviously it will attract many speculators and scammers - which in return will bring another wave of regulations and crackdowns.
2017 was the worst thing that could happend for crypto. I hope this will not repeat and hopefully this market is more mature already.
Unlike in the past where money was backed by gold or other precious metals, currently money is just being printed by group of people called the government whenever it is needed.
Cryptocurrency is a future as a store of value, however it cannot compete with FIAT currencies managed by central banks, regulators and goverments. It's best if those parties would ever consider crypto a threat.
Also reality is, that hardly anyone is using crypto as a form of payment. Even on steem and hive - most people see it as a store of value.
Yours, Piotr
I humbly appreciate your comment on my blog dear @crypto.piotr, thank you so much for taking time to visit.