But, this time I’m going to share an article with you guys and include a bit of commentary.
BitCoin and a Global Currency
I’ll be honest here, I’ve remained bullish on BitCoin and other cryptos because I’ve always thought, and BTC in particular, that they’ve been allowed to thrive and will continue to thrive so that we become so accustomed to them that digital fiat currencies would be accepted by the mainstream
I don’t think we’re quite there yet. Which is why I see BitCoin as spiking in the near future to get more people
Then something contrived happens.
Perhaps Satoshi is indeed the NSA and uses his (their) substantial ownership to crash the market. This could be done under the guise of any sort of news that could be carried by the mainstream news. Then central banks could “save” those holding it by bailing out mainstream America this time by giving them digital fiat USD as a backstop.
By then most people will be too accepting of or invested in the digital currency game they won’t have much of an option
.Other countries would then quickly follow-suit.
Or perhaps America follows someone first, but to get the USD dethroned (an essential element of a global currency being
This has been on my “to write” list for a while but I just never got to it. This article does a good job summarizing the key points so I figured I’d share it and add commentary rather than re-write it.
For further reading on rigged markets, take a look at my piece “The Stock Market Is Rigged: Get Over It“.