You are viewing a single comment's thread from:
RE: The Mother of all Game Changers: Central Banks will start buying if Cryptocurrency tops $500 Billion
I think central bankers will probably be late to the game. If market cap hits $500 billion, it will be because of private sector drivers. I also think that price estimate for 2022 is a bit conservative if people really do substitute BTC for gold in the coming years. The market for asset conserving instruments is about to explode during this time. Gold will probably explode as well. As government fiat begins to crumble we'll see a rush to safety. Up until now that has largely meant USD, but that too will fall at some point as more Vallejos and Chicagos continue to manifest. People will be scrambling for any place to put their money except government fiat.
Good points. I am betting on him and you being right ;)
you're totally right -- previous bubbles and their bursting (from Dot-com's in 2001 to Real Estate's in 2007) are living proof of that.
With the advent of Crypto, there will be myriad new markets outside Fiat in this entire new asset class of its own to invest in, and with people scrambling to get in on that one prices will inevitably do very nicely! Good for everyone getting in early.