9/17 ANDY HOFFMAN (CryptoGoldCentral.com): Bitcoin “Perfect Storm” Rapidly Forming – When It Imminently Hits, “Crypto Ubiquity” Will Arrive
Never in my three-decade career have I seen so many signs something BIG is approaching, with such IMMINENCE and FORCE. Bitcoin is the greatest invention of our lifetimes, matched only by the internet itself – and NEVER has it been so OBVIOUS it is ready for prime-time.
The Bitcoin “Perfect Storm” is portended by a confluence of events screaming for a reliable, new-age safe haven to emerge – as fiat currencies are being destroyed at an accelerating rate, that will dramatically worsen in the coming months.
First, World Currency War I commenced this summer when the Chinese allowed the Yuan to breach the key 7.0/dollar level – yielding an explosion of Central bank rate cuts. The emerging global recession – after a decade of Central banks staving it off with previous rounds of monetary easing and market manipulation – is pushing them to new, unprecedented limits…like the ECB, in Draghi’s last meeting, lowering Europe’s negative rates further, and re-instituting QE.
Consequently, Donald Trump is literally attacking the Fed, including the Chairman he just appointed, DEMANDING they take rates negative, too…which we’ll get further progress towards, when the Fed lowers rates tomorrow.
Next, we have the potential for World War III in the Middle East – or at the least, surging oil prices; which in and of itself, will worsen the global economic downturn dramatically – hence, yielding even more dramatic Central bank actions. Already, global interest rates AND foreign exchange rates are at all-time lows – so just think what COULD happen in financial markets in the coming months.
And finally, just days from the launch of Bakkt’s physically delivered Bitcoin futures platform; with Bitcoin at the tail-end of a massive descending triangle formation; and weeks from the prospect of a (surprise) ETF approval, Bitcoin’s hash rate is EXPLODING higher…up 20% in September alone, to a new ATH.
https://twitter.com/Andy_Hoffman_CG/status/1173908603230547968
Valued at just $180 billion, Bitcoin is ready to become a multi-trillion dollar, prime time asset class worth trillions. So, in my view, the only remaining question is not if, but WHEN the Bitcoin “Perfect Storm” arrives on global shores. And when it inevitably does, the entire crypto space will benefit – particularly the handful of coins with viable, defensible use cases. This will signal the commencement of “crypto ubiquity” – that is, when the entire world is aware of its potential, and starts actively investing in it.