The crypto market has seen a positive steady rise in the past 48 hours. Most everyone's favorite cryptos have hit rock bottom bargain basement prices over the past 4 months retracement. Sunday, we started to see huge buying. Those in the know, saw that Sunday (March 18th, 2018) was a siginal to buy and buying they did. As I mentioned in my last article, crypto fundamentals have been getting stronger not weaker over the past 3 months. There was no logical explanation for the 4 month trend of price declines. For me, cryptos have been on sale since the end of December.
What has changed is the continued decline of the dying fiat monetary system. On March 26th, the Shanghai International Energy Exchange (INE) goes live with their petroyuan . This will compete with the U.S.A. dollar for future oil contracts and transactions. We will see a significant decline in U.S. Dollar reserves being held by the worlds nations. This time next year will show the weakness and decline of the U.S. Dollar. Hyperinflation is coming to U.S. shores.
Crypto currencies will absorb much of this coming hyperinflation. This is how we will see $250,000.00 Bitcoin and $30,000.00 Litecoin. The flood gates will be open as people transition from fiat to cryptos. The rush into cryptos will be seen late this summer and in full swing come 2019. Global crypto exchanges and phone apps will be strained to capacity. It will be hard for crypto companies to keep up with the demand. Many who have HODL for 2 or more years will become the new millionaires/billionaires.
Expect the next 15 years to be an uncomfortable transition from fiat currency into blockchain crypto currencies. We have 3 generations living world wide who will be effected by this transition. The hardest impacted is what I call the "Carol Burnett" generation. Take a look at this Steemit article about them and cryptos https://steemit.com/bitcoin/@jetblake/why-the-carol-burnett-generation-does-not-understand-bitcoin-and-will-lose-their-wealth-because-of-it. Generation X is caught in the middle and the Millennial's will adjust the easiest.
The market slow down was engineered by the banks and corporations. They know, better than us, that the fiat monetary system needs to be replaced. Crypots and the utilization of the blockchain is the answer. The powers to be just are not ready for mass adoption just yet. Bitcoin, Litecoin, Ethereum and other cryptos were climbing too fast. The banks can not kill Bitcoin and cryptos. Their only hope is to slow the technology as much as possible until they can develop strategic ownership of the infrastructure.
Learning, owning and using crypto currencies now will be a huge advantage over the next 3 years. Those who do will be the new jet setters of our community. The good news is you can do this and not be wealthy. The common person can take advantage of timing and leverage it to forever change their financial status. Will you be one of them?
image from: nydailynews.com