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RE: Visualizing The Journey To $10,000 Bitcoin
thats true.. I believe that crypto is the future, but its hard to tell which crypto currency is gonna be reliable long term. It seems like bitcoin could crash tomorrow and then another crypto currency could rise insane amounts instead
Unless the UN or the world bank stepped in and raised alarm about the misuse of Bitcoin and got multiple countries to regulate or ban bitcoin, such a crash is unlikely at the moment. Of course that being said the volatile nature of bitcoin prices will remain until it attains a mass adoption of at least a billion users. It is likely to become more stable once and if it reaches that stage. But we can expect many countries to establish regulatory boards to curb the usage and trading of crytocurrencies even if they don't take a hard stance on banning it in its entirety. They will need to provide a very strong argument to the public and create an atmosphere of fear to stop people from thinking about using it.
Well maybe I was a bit wrong about the UN but France has already called for a regulation of crypto by the G20. This is just the beginning. Repealing net neutrality was quick thinking on the part of US when suddenly there was a slightly more powerful currency that was gaining golbal adoption- taking lessons from China I suppose. It's interesting since India shot down the idea of repealing net neutrality just a year ago. Crypto regulation in Asia will be interesting to note as there are currently mixed feelings about it.