RE: Economist: Cryptocurrency is a gambling game for the Chinese, Koreans and Japanese
Dear @eyeris
Interesting choice of topic. Upvote on the way :)
Cryptocurrencies will not be recognized as a full-fledged currency because of their volatility
Love to hear that. Trying to push crypto as a monetary system is bringing so much resistance from authorities and banks.
Crypto as a store of value - this is direction this industry should take. STO's will surely rock this market one day :)
Bitcoin is unlikely to be able to renew its own maximum above $20,000, as Wall Street traders will not allow it. "Wall Street organized a futures market in Chicago. Traders there can lower the price when it rises too high.
That's only partly true. Futures investors can go long or short. It's not much of a business for them to simply bring BTC to it's knees and leave it there.
Yours
Piotr