RE: Breakout imminent27 Mar 2021 09:14
Pictland, I lean more towards Northernboy for this year, simply for the reason the IMF/ECB/BOE/FED etc will not allow a crash, not with covid and the serious issue of vacciness. Also, with Biden in his first year, he needs a breathing gap, he has made it quite clear its all about Covid - The US Swap Lines will be used/have been, I saw an article the ECB have used a trillion US on one handshake - Next year, who knows, this year, for me I don't see it, but I do agree with a lot of your points.
The point for the post is digital currencies - Not BTC etc, good to trade, good to hold X, long term probably be a vehicle for wealth storage/limited supply/one fund is accumulating, the likes of Musk, few Chinese players - By 2024/the next halving the price IMO will start to be more controlled to suite the agenda. Plus new coins, NFT's will become a big driver, green mining, need to compete against China and their use of controlled state electric.
The FIAT experiment is pretty much coming to the end game, it has gone through phases, since the gold standard on the $ was dropped, its been going down the plug hole, controlled by the US to suite their worldwide agenda - China has clearly had enough, as with most countries who have to rely on the $. How this works into a $/£/€ digitial currency I am not sure, but this for me will be the 'restart' button - China released their DC last year, funny enought back in March/April, even Trump had an executive order last year on the US electric grid - Wrapped up as protection for US interests - At the same time Congress pushing through currency digital bills, Visa took a patent, and on it goes.....
If I was cynic, seems like a play to me, I have been in the crypto world since 2012, a lot of talk outside the madness of what we see, there is a change coming, FIAT being the only driver and how to get out the hole world debt has created. Its also interesting to see the powers to be have let BTC etc run, some point towards letting the masses getting use to the idea of no FIAT, plenty of evidence or not (what window you are looking through) that backs this up - I see India has made a play to stop BTC, Facebook's Libra currency will start to be rolled out, would not surprise me to see Amazon using Libra, or creating a token. Mighty Google will have their version, all Corps will follow, or are already.
For me, FIAT the game is played out, Covid has accelerate the end game - For BTC, blockchain decentralized, can't be manipulated - FIAT is, Libra etc etc will be controlled, as the $ is today - Interesting years ahead, we will see how the 'man' plays the game.