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A strong prediction for the future of Bitcoin, ETH, XRP and LTC




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Bitcoin, ETH, XRP and LTC prices will be on a roller coaster for a long time. and losing fortunes and nbsp; in & nbsp; record time, & nbsp; betting on them. Finally, & nbsp; some analysts say, & nbsp; these crypto rates will either die on & nbsp; their & nbsp; own, or be killed by & # 39; establishment & # 39; big governments & big banks around the world & nbsp; that & nbsp; defend sovereign currencies.

Take & nbsp; case for Bitcoin

"People's Currency" Has a Big promise: to become the first true global currency, free from central bank control that pushes money and big banks that generate credit. & nbsp; & nbsp; But to do so, Bitcoin must have confidence in "the public." This means that it Must be adopted & nbsp; as & nbsp; an exchange medium, value standard, and value saving, replacing national currencies. the obstacles Bitcoin must have As lack of awareness, familiarity and stability, etc. & nbsp; And that makes some experts bearish about the future of Bitcoin.

Bitcoin Price YTD

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Lars Seier Christensen, Chairman of & nbsp; Concordium & nbsp; The next-generation decentralized world computer is one of them. & Nbsp; "In the longer term, I am bearish on bitcoin, as I think it does not have the necessary characteristics of a valuable asset in the longer term, and ultimately that reality will recover" says & nbsp; Christensen "But in the short term, price movements will probably be random as Bitcoin is affected by low liquidity and unpredictable bigger trades."

Unpredictability will make it difficult for Bitcoin to adopt broad adoption as a swap. Bitcoin remains a play for speculators and true believers, and eventually dies on its own

But even though Bitcoin overcomes all these obstacles and gets wide adoption by the public and was in a position to replace national currencies – ie the new currency – what will happen?

Bears argue that & nbsp; "the establishment" cannot afford to let & nbsp; it happen.

For a couple of reasons, including & nbsp; & nbsp; Seigniorage "& nbsp; – & nbsp; just put, & nbsp; the profits & nbsp; made by the national authorities by pressing currency. & nbsp; Then it's the profits that banks help with to circulate the money and s Create Credit

The establishment will do what it takes to defend these profits from Bitcoin and any other cryptocurrency that seeks to replace it.

Recent congressional hearings on Vågen testify to the provision of establishment to protect d ollar from competing cryptocururrency. In a rare & nbsp; view of & nbsp; unit, opposed Democrats and Republicans Libra, and had many unfriendly words for Bitcoin.

"However, cryptic courses that are ONLY there as a currency substitute, have no real long-term future," says & nbsp; Christensen. "They will be banned by governments wishing to control the money supply and taxation, and in any case, cryptocurrencies do not have any long-term intrinsic value. Therefore, Bitcoin will only survive as a fringe activity."

However, not everyone agrees with this. gloomy assessment. Dave Hodgson, director and co-founder of & nbsp; NEM Ventures is one of them.

"In my opinion, Bitcoin will never die or be killed by the establishment, despite some people's efforts to the contrary," says Hodgson. "The latest fall we've seen in Bitcoin is within the limits of what analysts expected from technical analysis. However, the time scale has been slightly skewed in the light of recent announcements, primarily from US government representatives. "

& nbsp; Corentin Denoeud, CEO and co-founder of Blockchain Studio, & nbsp; is another. [19659003] "The fact that governments around the world even talk about crypto is a sign of progress for the blockchain industry in general," says Denoeud. While countries like India have banned cryptocurrencies, representatives of Germany's central bank have black positive and promoted the view that cryptocurrencies are not a threat to global monetary stability, and even China, which has previously banned the ICO and trade in cryptocurrency, has called bitcoin a safe haven asset (via state, media agency) and is now supposedly stepped up its own efforts to create its own cryptocurrency, after Facebook's unveiling of the Wave. ”

& Although it is still unclear which side is right , one thing is clear: & nbsp; Bitcoin (and ETH, XRP, LTC, etc.) True & nbsp; believers who believe that & nbsp; cryptocurrency & nbsp; will eventually replace national currencies, need a lesson 101 in Money and Banking

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Bitcoin, ETH, XRP and LTC prices will be on a roller coaster for a long time. Traders and investors will earn and lose wealth in record time, and bet on them. Finally, some analysts say, these crypto currencies will either die on their own or be killed by & # 39; establishment & # 39; – big governments and big banks around the world who defend sovereign currencies.

Take the case for Bitcoin. [19659003] The "People's Currency" has a big promise: to become the first real global currency, free from central bank control that pushes money and big banks that generate credit. But in order to do so, Bitcoin must gain the trust of the "public." This means that it must be used as a means of exchange, value standard and value storage, and replace national currencies. It's not easy, given many obstacles Bitcoin must overcome. As a lack of awareness, confidentiality and stability, etc. And that makes some experts unknown about the future of Bitcoin.

Lars Seier Christensen, chairman of Concordium, next-generation decentralized world computer, is one of them. "In the longer term, I am bearish on bitcoin, because I think it does not have the necessary characteristics of a valuable asset in the longer term, and ultimately that reality will recover," says Christensen. "But in the short term, price movements are likely to be random as Bitcoin is affected by low liquidity and unpredictable bigger trades."

Unpredictability will make it difficult for Bitcoin to adopt broad adoption as a means of exchange. And without wide adoption, Bitcoin will remain a game for speculators and true believers, and eventually die on its own.

But even though Bitcoin overcomes all these obstacles and gets wide adoption from the public and was in a position to replace national currencies – ie, become the new currency – what would happen then?

Bears claims that the "establishment" cannot afford to let it happen.

For a couple of reasons, including the loss of Seigniorage " simply, the profits made by national governments by writing currency. Then it is the profits from the banks that help to circulate the money and create credit.

The establishment will do all it takes to defend these profits from Bitcoin and other cryptocurrency that seek to replace them.

Recent congressional hearings on Vågen testify to the determination of the establishment to protect dollars against competing cryptocurrencies. In a rare unit of unity opposed Democrats and Republicans Libra and had many unfriendly words for Bitcoin.

"Cryptic courses that are ONLY there as a currency substitute, however, have no real future in the long term," says Christensen. "They will be banned by governments wishing to control the money supply and taxation, and in any case, cryptocurrencies have no long-term intrinsic value of significance. Therefore, Bitcoin will only survive as a fringe activity."

However, not everyone is in agreement with this grim assessment. Dave Hodgson, director and co-founder of NEM Ventures, is one of them.

"In my opinion, Bitcoin will never die or be killed by the establishment, despite some people's efforts to the contrary," says Hodgson. "The latest fall we have seen in Bitcoin is within the limits of what analysts expected from technical analysis . However, the time scale has been slightly skewed in the light of recent announcements, primarily from US government representatives. "

Corentin Denoeud, CEO and co-founder of Blockchain Studio, is another.

" The fact that governments around the world are even talking about crypto is a sign of progress for blockchain industry in general, "says Denoeud." While countries such as India have banned cryptocurrencies, representatives of the Federal Reserve have responded positively and promoted the view that cryptocurrencies are not a threat to global monetary stability. Even China, which has previously banned ICOs and cryptocurrency trading, has called bitcoin a "safe haven asset" (via the state-run media agency) and is now reportedly stepping up its own efforts to create its own cryptocurrency after Facebook's unveiling of the Libra . "

Although it is still unclear which side is right, one ing is clear: Bitcoin (and ETH, XRP, LTC, etc.) true believers who believe that cryptocurrency will eventually replace national currencies, a lesson 101 needs in Money and Banking.


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