Crypto To Dominate By 2030 as Central Banks Like Crypto And Big Money Flowing Into The Market
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Possibly one of the boldest predictions that we've had in a very long time- A lot of people said that by 2020 Bitcoin will be a million dollars. This might be the craziest of them all. There's a guy by the name of Thomas Frey who believes that by the year 2030 that 1/4 of the world's currencies will be displaced and instead we will be using cryptocurrencies as opposed to the Fiat of that country. How true that will be that is going to patently happen within the next 12 years, there are a lot of indicators that this could possibly happen. Not sure if it will happen by 2030 but the way things are speeding up it seems like there are a lot of countries that will eventually begin adopting cryptocurrencies, not the ones that they are making themselves but more so the ones that kind of already exists. There are a lot of banks who are now buying cryptocurrencies which is the fact that the prices aren't really moving and everything's going sideways. It leads us to believe that there is some type of manipulation going on, not necessarily the bad manipulation but it should not be manipulated in the first place
Everyone is trying to get as much as possible. There was a lot of hacking going on last year and it was from North Korea and pretty much have evidence that they had apparently stolen around 11,000 bitcoins in 2017. That's a lot of money for them to have stolen in just one year's time. People denied that they're buying cryptocurrencies and that's a complete lie. All the rules and all the other stuff that we have going on making cryptocurrencies legitimate this entire year is forcing a lot of governments to start buying it. It's very weird that prices aren't going up especially when these companies and banks and countries are buying up billions of dollars potentially of cryptocurrency at a time. There is a news out of Moscow, that there was a guy who owed someone else money, the guy found out that this guy had cryptocurrencies and was okay and said, “Well you know you don't have any normal money but you have digital money so give it to me.” How things work out in Russia! So if the court had included cryptocurrency assets in the state of insolvency is that the Russian law recognized cryptocurrency assets as a type of money which they do not, which is contrary to the central bank's stance or as a property which is not established by the law. So pretty much Russia has made it so that cryptocurrency is not anything within the country. You can't even really buy things with it, there's a whole bunch of things going against it but because of their laws you cannot get it as debt anymore. So for the moment being they have pushed themselves into a corner because the people do have debts and you can't take their crypto assets. Who's to say that someone just can't file for bankruptcy while they have 100 million dollars, worth of cryptocurrencies. Interesting how countries are so concerned with trying to stamp these things out but then it's going to come to a point where they want to collect their change and they've made it so that they can't. This is weird but very interesting at the exact same time.
News out of England, the Bank of England's governor, Mark Carney has said that he doesn't think that cryptocurrency should be banned but he thinks that they should be regulated the exact same way as everything else within the country. He says so as he thinks that it'll make them more legitimate. It'll make them better for everyday people but he's one of the other people who has also come forward and has said that he believes that it'll destabilize normal economies. There are a lot of people who are coming forward saying this now. A lot of bankers are now coming for it and they're like, “hey this is probably going to be a really big problem, so let's try and regulate this and at the same exact time.” They're going to have huge positions in it as well, it's just 2018 so far. There is a company, Bitcoin comm au. They have made it so that you are able to buy Bitcoin and Ethereum at 1200 newsstands around the continent. Something like this to happen is worth it, around Europe that would be absolutely wonderful. But Europe seems to be a bit tight at the moment when it comes to cryptocurrencies and where you can buy and what you can't do. This is very important. Hopefully, this eventually happens in other countries where you can walk down the street and say, “hey I need some coins, let me go invest a bit.” The only drawback to this is that Wolf's drawback, it is that it takes around 20 minutes for you to get your coins. Not many people really care about that because it takes about an hour in some cases to get certain coins and also you will have to pay a 5% fee depending on how much are buying. You may not want to give that money back to them but it is a convenience and there we don't have many other options to buy on the street. There's like local Bitcoin, they're worse. One guy tried to sell 1.5 million dollars, worth of Bitcoin and the guy ended up being a government agent whom he was trying to sell that to. So that's a no-no and there's also news in London that some guy was trying to sell on local bitcoins and the goddess stuff was taken away from him. They got his password and everything else. So if we can have some type of legitimate place to buy our coins or especially be able to buy them in Fiat that could also be a really good thing. It's great that it's happening somewhere, which is very good news. There's an asset management company by the name of Wellington management and they have stated that they are about to get serious when it comes to cryptocurrencies. They want to do a bit more research. They say that they want to start getting into Bitcoin futures, Bitcoin derivatives a bit more hedge fund so-and-so but they say that they do not want to touch the coins themselves. That is a lie. The firm has made it clear that it is not buying direct exposures in Bitcoin. There's no way that they're not going to try and profit extra from all of this, but yet the fact that they have its companies like this that continue to make crypto an everyday thing. These same exact people are now saying that crypto is real crypto so and so without giving any real explanation as to why it's real or why they really believe in it. They believe their crypto is the future when they probably don't even understand what it's for or what it's going to do but they understand that it is going to dethrone them. It's going to be very interesting to see exactly what happens over the next couple of years and especially when we have trillion dollar companies started to get into crypto currencies. This is only more of a reason that perplexes as to why the markets aren't moving in any coin. There's certain coins that have pumped up and then they completely fell back down. Something is happening in the market but you can be sure that all the big players are buying up all these coins non-stop.