RE: BTC crashing13 Jun 2022 20:09
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You just have took at all the charts to see at present the whole crypto ecosystem is linked and the price action almost mirror each other regardless of merit. In all honesty I really have no idea exactly how things will pan out and there are commentators out there predicting pretty well every possible future. One thing I am certain of is the wholesale take-up of digital assets over coming years be that cryptocurrencies, Stablecoins or CBDCs.
Crypto usage is following the same trajectory as the history of internet usage (in fact its quicker) and is estimated to have over a billion users in the next 3-5 years. Most Governments are actively working towards CBCDs, and Deloitte recently issued a report stating that 85% US Merchants s Plan To Accept Crypto or Stablecoins Within Two Years.
For me Web3 is the future for the next growth stage as it allows all the various crypto/blockchain/fiat parts to connect and interact and If Web3 takes off, the logical outcome is that the internet and blockchain will become fully integrated boosting crypto adoption exponentially.
And with Government regulation around the corner (thus legitimising digital assets) and the introduction of simple fiat to crypto bridging (Pendulum plug) the monetary system will look very different 5/10 years from now.
Just my ramblings. Skol