You are viewing a single comment's thread from:

RE: BITCOIN is heading to +$1,000,000 until someone can tell me how the hell on earth do Banks & Governments intend to fund +$750 Trillion of Global Unfunded Futures Liabilities..!!

in #bitcoin7 years ago (edited)

Actually there are several other issues that are a problem. One has to consider why BTC would rise so high. BTC is deflationary so over time it should rise in value as long as there is demand for it. If central banks were to attempt to print enough fiat to cover these unfunded liabilities, that should cause other things measured against that fiat to rise. But because there are only 21 million BTC and many have already been lost, it may be likely that when fiat does fail and a blockchain currency replaces it, it will be one endorsed and created by TPTB. And that might end BTC's dominance and demand as the main stream sheeple will go to that instead of BTC. China is already working on a Gold backed blockchain based currency.