#Bitcoin dubbed "the evil spawn of the financial crisis"
The 2008 Financial Crisis was simply the start
The 2008 Financial Crisis was simply the start and there is still worse to come.
A lot worse..!!
Anyone who thinks otherwise are sadly mistaken.
Despite all the garbage and vomiting diarrhoea that continues to be spurted out by the Mainstream Media that the problems were fixed post the 2008 Financial Crisis, they were not.
The problems were never fixed.
Earlier on, I was scanning my twitter feed and came across this headline that I thought I would share with you.
The European Central Bank has just dubbed bitcoin 'the evil spawn of the financial crisis'
When you see a headline like this, you just know that #Bitcoin is doing exactly what it set out to do.
Problems that caused the Financial Crisis were never fixed, the only positive thing that did happen was that #Bitcoin was born.
Sticking with my Target Price for #Bitcoin at a minimum of +$1,000,000 and that's a conservative estimate.
Thanks again for reading.
Stephen
I thought BTC reaching 1M$ was a good prediction but I start doubting it, not because of FUD, but because many new projects (better projects) are emerging and to reach that value BTC would need more than 20 Trillion Market Cap.
I anticipate that the total Cryptocurrency Market will have a combined valuation in excess of $50trillion by the end of 2023.
So yes, #Bitcoin will be in excess of $20trillion.
Stephen
Ye! I agree with that, my doubts come from the fact that I don´t think BTC will be leading like it is right now... (for example, right now BTC has 50% of the entire crypto market cap, but I can´t see it having more than 20% lead in 5 years)
Cheers,
Diogo
The good information Mr @stephenkendal
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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.
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.