Posted by DigiNomad on 14th of Feb 2023 at 01:49 pm
I don't have any skin in the Crypto game anymore...took it off
the table way back when (largest gain of my life in both dollar
& percentage terms). I personally wish it would thrive
and appreciate, but I'm not very hopeful for the various coins
(different story for blockchain...that's not going anywhere).
Central banks and world Govs are pushing towards cashless
societies in order to track and control more efficiently. It
won't be long before we are in the age of CBDC's. Also, the US
Constitution specifically prohibits creating other currencies.
Yellen and Powell are definitely kicking themselves for not
enforcing this at the nascent stages and letting the movement get
to this point (its to big to squash easily now) but they will
squeeze it out eventually, in my opinion.
Blockchain is here to stay and is definitely investable, but the
individual tokens have a tough road ahead. There isn't a major,
functional Gov out there that wants to see their currencies
supplanted. They typically get what they want, eventually.
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I don't have any skin
Anyone think Crypto has seen the lows, and now will ...
Posted by DigiNomad on 14th of Feb 2023 at 01:49 pm
I don't have any skin in the Crypto game anymore...took it off the table way back when (largest gain of my life in both dollar & percentage terms). I personally wish it would thrive and appreciate, but I'm not very hopeful for the various coins (different story for blockchain...that's not going anywhere).
Central banks and world Govs are pushing towards cashless societies in order to track and control more efficiently. It won't be long before we are in the age of CBDC's. Also, the US Constitution specifically prohibits creating other currencies. Yellen and Powell are definitely kicking themselves for not enforcing this at the nascent stages and letting the movement get to this point (its to big to squash easily now) but they will squeeze it out eventually, in my opinion.
Blockchain is here to stay and is definitely investable, but the individual tokens have a tough road ahead. There isn't a major, functional Gov out there that wants to see their currencies supplanted. They typically get what they want, eventually.