RE: Mainstream Media turning Bullish on Bitcoin
I think that it goes without saying, and it's common knowledge-- that the banks are scared shitless of cryptocurrency.
For years and years the banks and big financial companies have basically "owned" the money. Now here comes a currency that the people own, and you can bet the banks don't like that.
As much as I hate to see it happen, I know that in the near future governments will step in and begin to try and regulate crypto. And guess who they are going to allow to regulate it? You know it. The banks and the Wall Street criminals.
I really would hate to see that happen, because I think crypto has the power to finally liberate the people and stop the government and big finance from keeping people down.
I mean, just look at the stats. In America, it's a known fact that the richest 10 percent of Americans control 75 percent of the wealth, leaving only 25 percent to the other 90 percent of Americans. Does that seem anywhere near right to you?
Very good points. Many people believe that cryptocurrency will financially liberate the common individual, but it is very likely that Bitcoin won't be the currency to do so. It's scalability is becoming an issue and other governments have already started to regulate it. With all of that being said, I still the price will continue to skyrocket over the next couple of years no matter what happens with regulations or the involvement of big corporations in Bitcoin.