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re: Conspiracy theory about Bitcoin and the market
Posted on 8/8/22 at 12:54 pm to ShermanTxTiger
Posted on 8/8/22 at 12:54 pm to ShermanTxTiger
Bitcoin adoption isn't nearly where it will be in the future. Until that time, it's going to be directly tied to the money of Wall Street Investors. The crash was big, but it never went to the bottom. The bottom this time was way more than Bitcoin was at just two years ago. This is the way it's going to be for awhile as more and more of it gets bought up by more and more people. Eventually there's going to be so much money tied up in cold storage bitcoin it's not going to be able to fluctuate nearly as bad. It's never going to be currency though.
The US Dollar is in it's last days as the global reserve currency. Didn't have to end this way but we allowed our politicians to print it endlessly and still are. Hyperinflation is going to hit us like a hurricane as we drown in dollars. Every dollar spent on Bitcoin today will be stored value even though bitcoin fluctuates wildly. There's nothing any government can do to end bitcoin. That's not a good or bad thing. It's simply how it is. And it's going to be the standard for a LOT of distributed applications on "the internet" going forward. The internet is going to no longer be controlled by anyone. Neither will things that are currently controlled by centralized companies like Google and Facebook and Twitter. These will just be things that the internet does across a distributed blockchain ecosystem. For good and for bad.
The US Dollar is in it's last days as the global reserve currency. Didn't have to end this way but we allowed our politicians to print it endlessly and still are. Hyperinflation is going to hit us like a hurricane as we drown in dollars. Every dollar spent on Bitcoin today will be stored value even though bitcoin fluctuates wildly. There's nothing any government can do to end bitcoin. That's not a good or bad thing. It's simply how it is. And it's going to be the standard for a LOT of distributed applications on "the internet" going forward. The internet is going to no longer be controlled by anyone. Neither will things that are currently controlled by centralized companies like Google and Facebook and Twitter. These will just be things that the internet does across a distributed blockchain ecosystem. For good and for bad.
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