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RE: Why John McAfee Might Just Be Right About a Million Dollar Bitcoin Soon

in #crypt0snews6 years ago

While I generally agree that Bitcoin should benefit in the long term from economic and monetary downturn due to the inflated balance sheets at most Central Banks, be careful to bet the farm on Bitcoin and Cryptos. This caution is because these assets are still considered risky to institutions and wealthy investors so if their bread and butter suffers they will seek to liquidate risky assets to offset risks to their portfolios.

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