How will cryptocurrency shape the future of the global economy?

[Dina_Melissa19]

[fish5505_87]

Good question, right now it's like the wild wild west. Too much instability. I think like everything else, time will tell.

[Dina_Melissa19]

True, it does feel like the wild west right now. I guess the real question is whether regulation and adoption will eventually bring stability.

[fish5505_87]

Yes, I think security is a big concern as well, its digital. Eventually, things work themselves out with some growing pains along the way.

[Dina_Melissa19]

I agree

[fish5505_87]

Thank You

[Bklynbadboy12]

I dont think it will all people are doing now is loosing money with it

[Dina_Melissa19]

That’s for those who don’t have deep knowledge on how it works

[ohsheeT]

That is the unknown because every country wants to be ahead and control the outcome of cryptocurrrency because the country that controls that controls everything

Just like the American dollar Even though it is so weak It controls everything at the moment It controls other countries at the moment


And since America can't back its play anymore with gold because I would say all politicians have abused and used installed from that even from other countries they have stolen it by putting it in Fort Knox American politicians have abused everything

So that's what all this is all about that's going on around the world Everybody is fighting to control cryptocurrency

And the greed needs to really stop because what they are all doing is killing off the world and who we are as a people no matter what country you live in

There has been a shift and I think that they are all going to lose it might take a moment in time but I would rather have that moment than where we are headed

[Zack-Bann]

No it won’t.
And I actually have my own crypto wallet.


These things can act as a form of real estate but their value will always be backed by actual money.


A bitcoin is only valuable because it’s worth 68000$
If it was worth 10$ it would be practically worthless


The idea that the whole world will shift from using money which is backed by physical gold and silver, to using crypto which has no tangible backing is as much of a pipe dream as communism was last century


So the smart move is to use crypto as a means of riding out investment waves and making some money
But ultimately your only viable parachute remains tangible assets such gold, land, or a diversified stock portfolio


Main rule remains: never put all your eggs in one basket

[strateguy632]

It cryptocurrency already tempted many Israelis maybe sixty gasp as of April 5,, to give iran information. I am amazed Israel intelligence found who did it! Cryptocurrency is almost untraceable!

https://www.timesofisrael.com/14-year-old-boy-indicted-for-spying-for-iran-in-exchange-for-money/

[BonzoInBitburg]

It's too volatile to be a real currency and until there's something backing it, it will never be accepted as a global currency. After peaking over $120k, it dropped to $90k for 2 months and then its been at $70k for 2 months. Expect it to keep dropping for the rest of the year. Institutional investors never got into it like retail investors did and the bubble burst.

[Ariesman81]

IF, big if, what I'm hearing is correct, the banks, as well as institutional investors are shifting away from banking institutions. FDIC has lowered its protection standards, Buffet cashed out $38B from Bank of America. If unrest continues within the banking sector, we'll probably see gains again. I still view it as a good hedge.

[888theGreat]

Cryptos including Bitcoin will collapse because the New system will be a Governmet Crypto and all the others will be considered competition against that new crypto and the US Government doesn't allow any competition.

[NoDecision]

I don't know. Why don't we have a crypto mission to the moon and save a few $Billions?

[exitseven]

A lot of people will lost their shirts when the ponzi scheme collapses on itself.

[strawberryapple]

The Democrats are going to outlaw cryptocurrency.

[NathanDavis]

it won't