I can't see a world where Bitcoin, and crypto tokens in general are part of a sound financial system. PTP should be converting something of value at both ends to facilitate the exchange, like a Western Union money order at 1:1 price.. not a speculative instrument in it's own right that gains value from more people buying it enriching the early adopters.
I think the current pimping of crypto is to vacuum up as many foreign FRNs as possible and eventually quarantine them to prevent hyperinflation ala 1990s Soviet Union when all this money comes flooding back trying to purchase real assets here. They'll have some threshold where they just freeze all crypto exchanges trying to convert to USD essentially neutralizing them. "Make the USA the crypto capital of the world! All foreigners convert your cash to crypto and sell it here!" Aaaaaaaaand it's gone.
Bitcoin is already hyper inflated. And backed by nothing. This is why I believe it was all a scam to fleece the People even more. Who are the major holders of BTC and other cryptos? Does anyone even know? Does anyone even know where these digital assets are even held, other than on "the cloud?"
All the investors better hope we never actually do have a major world war, because one of the first things that will be attacked will be the internet's physical infrastructure, and once that's taken down, all those crypto investments just disappear.
I can't see a world where Bitcoin, and crypto tokens in general are part of a sound financial system. PTP should be converting something of value at both ends to facilitate the exchange, like a Western Union money order at 1:1 price.. not a speculative instrument in it's own right that gains value from more people buying it enriching the early adopters. I think the current pimping of crypto is to vacuum up as many foreign FRNs as possible and eventually quarantine them to prevent hyperinflation ala 1990s Soviet Union when all this money comes flooding back trying to purchase real assets here. They'll have some threshold where they just freeze all crypto exchanges trying to convert to USD essentially neutralizing them. "Make the USA the crypto capital of the world! All foreigners convert your cash to crypto and sell it here!" Aaaaaaaaand it's gone.
Bitcoin is already hyper inflated. And backed by nothing. This is why I believe it was all a scam to fleece the People even more. Who are the major holders of BTC and other cryptos? Does anyone even know? Does anyone even know where these digital assets are even held, other than on "the cloud?"
All the investors better hope we never actually do have a major world war, because one of the first things that will be attacked will be the internet's physical infrastructure, and once that's taken down, all those crypto investments just disappear.