Bitcoin, Cryptocurrency and more...PART 3/4
bitcoin·@bloomberg215·
0.000 HBDBitcoin, Cryptocurrency and more...PART 3/4
 <h1>Second boom in crypto !</h1> <p><strong>First</strong>,<strong> some country will probably replace their paper money with a cryptocurrency</strong>. This could happen as soon as a few years or even months from now. Argentina is a great example. It's a legit government but you can't ever trust the peso there. Whenever the peso starts to fall, or the government gets too crazy, Bitcoin shoots up because the wealthy there experienced this in the early 1980s. They lost all their paper money. It was all seized. They transfer their money into Bitcoin and that causes the price of Bitcoin to go up. All it takes is one big country to convert all their money to crypto and cryptos take over the world.</p> <p><strong>Second, you will start to see a critical mass of retailers who only accept cryptocurrencies for payment</strong>. More than 260,000 retailers in Japan are starting to accept cryptocurrencies? Right now, there are 3.8 million retail stores in the U.S. Maybe a few hundred or thousand accept Bitcoin. Once you see a few million stores accepting cryptos, then we’ll reach another point of no return. </p> <p><strong>Third, you are going to see the world’s central banks get into the game</strong>. Limited supply. Limitless demand. That’s all there is to it. A great example of limited supply is Bitcoin. There’s only ever going to be 21 million units of Bitcoin. There will never be any more. It’s mathematically impossible. The creators of Bitcoin built limited supply right into the computer code of Bitcoin itself. Another example is Zcash, which also has a 21 million limit, just like Bitcoin. Which means there will never be any more than 21 million Zcash in the world. The supply is completely limited. It’s right in the computer code.</p> <h1>Which coin to buy?</h1> <p>Only buy into cryptocurrencies that solve a real-world problem. Steem is great example of that. In fact, if it solves a big enough problem, then potentially billions of people could buy it. On the other side, if a currency doesn’t really solve any problems, then it’s useless and therefore has no real value.</p> <p>Bitcoin is powered by something called the blockchain. We live in a world, where privacy has been stripped from us. There's intrinsic value to privacy. Privacy has a cost and a value. There is potentially unlimited demand for privacy. Practically everyone on earth values some sort of privacy. That's why the blockchain has an intrinsic value. A lot of computing power and software has been put in place to make sure that the more every government strips you of your privacy, the more valuable a cryptocurrency becomes. This is why Bitcoin in particular has potentially limitless demand. Especially once entire countries, countless retailers and the central banks start getting behind blockchain.</p> </html>
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