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RE: Where are you from and what's the general outlook on crypto/blockchain there?

in Ask the Hive4 years ago

England.

I hear no chatter from friends or work colleagues about cryptocurrency, certainly nothing about blockchain tech, and I work in IT.

I'm still at the stage of being laughed at for mentioning BTC :)

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@maneco64 published a great video today. It was about how sovereign bonds are being used as collateral in the financial markets. In an earlier video some months back he mentioned how regulators are forcing this upon traders effectively forcing them to overvalue them. Trouble is governments are up to their eyeballs in debt everywhere in the developed world and completely incapable of remaining solvent very long without central banks keeping key interest rates artificially low through Quantitative Easing including buying said debt and even stocks.

What this means is that central banks will be absolutely forced to continue their ultra-light monetary policies because failing to do so would be courting with immediate and utter disaster. What that means for you is that by doubling down on Bitcoin and other cryptos you cannot go wrong.

If @maneco64 is right, you will not be laughed at for long when you bring up Bitcoin.

I am bullish long term, perhaps almost as much as you sound :)

With the mess you describe above, it feels like we may not have to wait so long.

BTC is right on schedule. Late 2021 to early 2022 is probably when cryptos start going parabolic again.

Whenever I mention Cryptocurrency, people just assume I'm rich because it is associated with scam or wealth. Weird