If It Wasn't For All The Constant Government/Bank FUD Every Few Days/Weeks, Bitcoin Would Be At About $100,000 Right Now
If it wasn't for all the constant FUD by governments and banks throughout the world over the past ~6 months, Bitcoin would be at like $100,000 right now and the cryptocurrency market cap would be about 2 trillion. Don't get me wrong, corrections are healthy and good for the market as a whole in many cases, but these sudden gov/bank FUD initiated crashes are getting a little tiring at this point.
Do governments/banks understand that if they didn't screw the masses so much with their debt-based financial systems, the public wouldn't even need cryptocurrencies to start with? They cause the problem, we find a solution to solve it, and instead of embracing it they try to destroy the solution from every angle. Stupid gov/banks...
Governments need to find a way to keep tax revenue coming in or they can't operate. Cryptocurrency is a big threat to the system. Going to be interesting to see how it pans out.
You have big guys( IBM for e.g) that are backing up Bitcoin and other cryptos. I think the elite is shaping the crypto market , the very same way they shaped the dollar prior 9/11 and during the 2008 crisis.
It's not crazy to imagine that in their eyes, these cryptocurrencies are the key to a global currency, Ethereum is being looked at by many governments as promising , we can imagine that one of the best crypto will eventually be adopted worldwide by everyone and Voila! You got your NWO backed crypto.
It's a double edge sword but we're all ready to take the risk, because it's all worth it. It's about emancipation, but it's like poker. The chip leader has always more chances to win. It doesn't mean we won't put up a fight :)
Agreed, I think this is all being done to put things on a wanted timeline, so they can shape the space the way they want it to make sure they know every single transactions that takes place and who made the transactions, so they can monitor/control each exchange of value and tax and/or restrict each as they see fit. I don't think they will fully shutdown the crypto space, but I do feel they are going to stall it a little so they can better sink their claws into it before letting the cat back out of the bag.
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They are creating FUD because they missed the train !! They will buy a ton of it now !
I think we'll see the uprising of anarchy in the first half of the century, and blockchain technology will be a big push factor.