IMF tells nations to creat there own cryptocurrency. That would kill all cryptocurrencies.
Government will never surrender there power to bitcoin. Looks like BTC is dead.
Their own pensions are at stake. The majority of transactions are already electronic. You just take a picture of your check and deposit it electronically without having to go to the bank. Separate the technology from power.
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Who would trust them. They will be backed by the same old garbage and debt. That's the problem. That is why #Bitcoin is so extremely valuable. It has NO debt, NO garbage and NO Government. Despite what the IMF is saying, no Government or Central Bank in the World is big enough to challenge or compete with the #Bitcoin protocol. Sticking to my Target Price for #Bitcoin at a minimum of $1,000,000 until someone can tell me how the hell Governments are going to fund +$750tn of Global Unfunded Future Liabilities. Stephen
There was no possible way governments would EVER hand over such power to Bitcoin. These people have no clue about the age of knowledge, for they are trapped in the age of stupidity. A monthly closing below 2950 will confirm the long-term trend is turning down. A year-end closing below 4150 will point to a drop back to 775 area. It was a trading vehicle – not an investment class for the long-term. With the IMF telling all central banks to create their own cryptocurrency and the introduction of Blockchain in experimenting with tax collection, we face a very different future due to technology. However, it will not be a world of free-market cryptos that bring governments to their knees.