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I think central banks consciously let people invest in bitcoin....

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D.D

3,159 Posts.

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18/01/20

21:34

Post #: 42453946
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Originally posted by Lambrae: ↑

From my article mentioned above -
"In terms of arguments against the long-term price appreciation of the Bitcoin price, one of the most commonly held beliefs is that something better will eventually come along and replace the world’s first major cryptocurrency. A more specific version of this argument comes in the form of Bitcoin eventually being overtaken by a new digital currency owned and operated by a government or corporation.
However, this theory is based on a complete misunderstanding of why Bitcoin is useful in the first place. In reality, central bank-issued digital currencies,such as the project being worked on in China, would only further solidify Bitcoin’s role as an uncontrolled, apolitical form of money in a digital age."

The whole point of Bitcoin - is that it is not government or bank or corporation (facebook) controlled . For sure it will be controlled via the stockmarket , and the bitcoin whales . China would be worried. As it is , they have a reputation in the west , for marking down their currency to suit their purposes . Both China and Trump seem to be against Bitcoin - loss of control for them.

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I think central banks consciously let people invest in bitcoin. They are powerful enough to stop it anytime.
One day if they suddenly tell us that we cant use cash anymore there will be a public uproar.
This bitcoin FOMO is training people's mind for what's yet to come..
There are cryptocurrencies that are centralized. We already have centralized non-blockchain stuff which work multiple times faster than bitcoin. Central banks are already thinking of introducing cryptos.
For it's just "trade the trade".

Last edited by D.D: 18/01/20
3 Upvote

0 Great analysis

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