Heh, someone has to get the bitcoin somehow. If hackers instead devoted a fraction of their hacking power instead to mine 808 coin, they’d make way more bitcoin, and it’d be legit.
The bigger story is bitcoin as an idea is gaining more and more acceptance. Once central banks “pour” in, it’ll be interesting to see how it all plays out. A few scenarios potentially play out:
- Central banks buy up bitcoin, litecoin, and maybe the 3rd-10th largest marketcap cryptocurrencies, in a vain attempt to monopolize the world supply
- Central banks do #1, then forks and alt coins spring up like crazy. Central banks attempt to buy them out as well and then more forks and alt coins spring up.
- As central banks do #1 and #2, they formalize governments to attempt to ban people from owning cryptos via taxation and “regulations”. Expect fake news and deep state to lead the charge.
The animus and assumption I’m making is that central banks are evil and will attempt to steal everyone’s shit so they can remain “in control”. At first it’ll seem like a good thing, and maybe in a way it is. But crooked evil people always want to own EVERYTHING and we must all be their slaves, so I just know they will try to steal everyone’s money. They can’t have people like you and me being free and rich.
“Another driver could come from central banks, which he expects will consider buying bitcoin if the total market cap hits $500 billion.”
Sort of arbitrary but he is making a prediction to be fair, so by nature these numbers are random best-educated guesses. It’s been a while but the forex market trades daily at volume of $4 trillion PER DAY. So $500 billion in market cap could be enough if you count alt coin market caps as well.
We are fast approaching massive changes. First it was Trump, the fall of fake news, and now, the fall of centralized banking. We’ve taken down their political (Trump) and propaganda (fake news) power, now we’re going after the globalists’ wallets (central banking via bitcoin/cryptocurrencies). I expect things to get ugly with the feral liberals and democrats leading the riots and lynch mobs.
Get your guns, rifles, and cops ready. And mine that bitcoin!
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