Central Bankers has long condemned cryptocurrencies, but I see that changing in 2018 and 2019.
We might have seen Public Bank of China's many attempts to scare investors and the populace away from Cryptocurrencies. Bitcoin has been in the news as many Central Bankers have tried to put in regulation or outright banning it like Thailand and Venezuela. Or trying to ban the new craze of ICO's as people are now given the opportunity to invest in companies other than the ultra rich.
The Crypto world was a game changer. It took away the power to create money from the central bankers and the power to create IPO's from the banksters.
The Crypto revolution has now become a freight train that has been set loose and it's heading for the central bank vault with no money in it. It will be a big collapse of the belief in fake fiat money as more and more people get educated about what cryptocurrencies really are.
We will see a revolution happening in the coming years where the public will start to see the real reason behind the creation of this new type of electronic money not controlled by a central entity. Governments paradigm of tax extortion is also falling apart as they desperately try to control and regulate the crypto world. They will never be successful at this as their old paradigm of creating money out of thin air falls apart.
The governmental structure of today and the religion of believing the government needs to control us will fall apart as people will start to take responsibility.
Okay. Back to the title of this post. I believe that the central bankers of the world will start to flow into cryptocurrencies. In my point of view, there are two reasons for this.
- They want to try to control Bitcoin or other currencies.
- They need to protect themselves as the paradigm of fiat currencies falls apart.
- They feel that they can have the power to destroy a currency by pumping and dumping it.
For those of us who have been on the Bitcoin train for a while. We have seen a lot of ups and downs in the market value of Bitcoin. The 2010 Jump from $0.06 to $1.4 and down to $0.8. The 2011 jump from up to $32 and then down to $2.4. The highs of 2013 when Cyprus banks Larnaka and Cyprus Bank got Bailed In when BTC went fro $13 to $184 and down to $76.
Then late 2013 run up from $120 to $1120 and down to $177 in 2015. BTC was not down and out and as you see from these stats it continued to have a higher market cap every time. Nothing really happened until early this year 2017 as Bitcoin was slowly gaining steam under the radar going to $995 before taking off like a rocket as the public and wall street coming to the realization that Bitcoin would not go away and it could not be regulated or stopped.
Whats up for Bitcoin in 2018. As adoption rise I see both Bitcoin and other currencies rise tall as the MSM parrots and banksters are parroting that Bitcoin and other new big currencies will fail. Meanwhile, they don't seem to want to face the facts that their paradigms are falling apart and another cycle of failing fiat is heading for the history books again.
In 2018 I think we will see that Sovereign Wealth Funds and Central Banks will have to face the facts that they will need to buy Cryptos in order to keep their wealth from collapsing to $0 as they say about Bitcoin. When a human is faced with a paradigm shift they first deny it, then they start saying this is a fraud and try to stop the new thought from entering their neuro nets in their brain. Then they finally accept it as it becomes a fact.
The banksters will have to adapt using Bitcoin and other currencies to protect their systems from failure. A lot of people have come out and are claiming that Bitcoin and cryptos were released by the government and are now using programmers as pawns to program and innovate the cryptocurrency technology and then adapt it themselves to then ban the other currencies. What the people saying this are failing to see is the technology where it has gotten today.
The currency tech out today is P2P removing the need for central banks and banks. They are freedom in disguise if the above was the intention. You can, of course, centralize the control over some currencies, but the innovation of these digital cryptos, if it was the government's intention, is also their fall. If they intentionally put this out they failed to see that this would erase their central control grid. With currencies like Digibyte, Monero and other hyper private blockchain ledgers the end of government control is in and the end of the need for taxation as well. I have had the pleasure to work with some friends from Australia seeing their version of Governments and "Central Banking" a more free market economy where bankers cannot manipulate and governments will not need to tax if you choose to have a government.
The era and new technology of e cryptocurrencies will eat the government and crony capitalists alive and finally free the markets. With openness in markets, manipulation is not possible and being a criminal will not work as well. We will need to start trusting each other as humans again and the potential is huge as I also see the emergence of Blockchain 2.0 techs like Hashgraph is emerging from this wild west of technological advancement is going on and will over the next years.
The controllers if their intentions were to enslave us have failed greatly again as technological freedom is fighting back against technocracy and control. Technology is the future no matter how much you dislike some of its openness and the eradication of the Westphalian nation-state borders.
We are in for innovation that is what Kurzweil called singularity when humanity's rapid technological advancement goes so fast it'll only take us years between new technological advancements where it took before millennia, centuries and decades to years months and days. Yesterday I watched a documentary on the holy grail of technology fusion. With this adaptation, we can start moving off earth and travel to the stars. We will find out how to protect or the new technological world from Sunstorms and EMP attacks. Humanity has always created what they can dream. And will continue to as we continue to innovate and let the free people reign supreme over the collective control grid the UN and other nefarious organizations want in place.
We are seeing the future and to me, it looks bright as the force of individualism is winning more and more battles over collectivism.