Mr. Orange, Max Keiser, has said, "Everything is going to zero against bitcoin."
And he may be correct, however, the evil banksters will do anything to maintain power. So, how can this play out?
This is the popular ending. Bitcoin will become more and more valuable. Soon, only the richest corporations and govern-cements will use it to settle debts / move huge amounts of money around the world.
Already corporations are seeing how much better bitcoin is than trying to send money internationally. 10 minutes is sOOOOOO much faster than a week or more. And so much less pain and hassle. Bitcoin doesn't care about borders. But, international payments do. So many questions both the sending bank and receiving bank have to ask. And then you need to bring the FOREX market into this, and, and… It is quite the headache, if it is doable at all.
And so, corporations and billionaires may just start using bitcoin, not caring what any nation says. Whatever laws, or regulations the govern-cements come up with, most corporations are large enough to ignore them. And further, your money doesn't get stuck in some foreign country because of tax regulations And, bitcoin is not confiscatable, unless the entity decides to hand over the keys.
When bitcoin goes so high that people will no longer accept fiat for it, than basically bitcoin the asset above all other assets.
The above scenario relies on bitcoin becoming too big, too fast, and just bulldozing past the banksters.
But, a more likely scenario is that the banksters try to make their own cryptos. Especially stable coins. And we are seeing that now. With every major corporation and bank trying to introduce their own stable coin.
The stable coin does two things, it basically doubles the amount of dollars (or other fiat) in circulation. And this is really necessary to stop the fiat market from imploding. We need a LOT more printing to stay even with the dollars foop'ing out of existence. And the "original" dollars get parked in bonds, where they keep that market from imploding.
The only problem is interoperability between chains. If everyone decides to use ETH or XRP then it could be easily done, but there are many ways this can go down that makes having one stable coin (Wells Fargone), and wanting to buy something from another chain (Amazonium) could become painful, or worse.
And, this will be happening while bitcoin's price keeps going up and up.
The war between the two will be painful, although the majority won't even notice. That is until the banksters do what they always wanted to do with CBDCs, attach strings to their "customer's" money. When too many people lose their money because of "reasons" then a little trickle leaves for crypto, and then a little more.
If people knew how bad the banksters were, they would all jump into crypto right now, but they will probably get into CBDCs so they can get their benefits, and then get screwed over, and then finally learn about the glory of crypto.
This is a weird one, because although we have heard of Black Rock and so many others buy up tons of bitcoin, the largest bags haven't moved.
What we are probably seeing right now is people who got 1000 bitcoin a while ago are selling for $100k per over the counter. If you have lots of bitcoin, and a normie, $100k is life changing money. And so, there may be a lot of sellers.
And, in this scenario, banksters keep buying bitcoin for money they print out of thin air, until they have all the bitcoin. Or, all of the free moving bitcoin. Basically, the need to get to a controlling interest, a level where they can move the market however they want. Or they can buy up enough miners to make it difficult for anyone else to mint a block, or set fees so high that you have to be a millionaire to use bitcoin.
Basically, in a myriad of ways, the banksters can make it so that bitcoin is only usable by them.
However, we can just fork, or start again, another bitcoin. And, we could probably call it bitcoin, and label theirs "bankster-coin". It is just really a matter of how many people are on each side. If, we the people, realized that the banksters moved all of the wealth into bitcoin, and were denying us from using it. We can just go start our own and not let them in.
But, what will probably happen is that the banksters try to buy it all up, but fail. And the big corporations have to start paying people in bitcoin so that they will come to work, and then, the bitcoin economy starts flowing, and the banksters slowly lose because they really aren't providing any value.
Of course, we, the little people, could just start a chain and do all of our transaction on our chain. Starting our own economy, with our own manufacturers. This would be great, but we really do not make anything except for raw milk and fresh garden greens. We don't have the numbers, nor any real manufactured items. We can, and we will.
Really, all we need to do is learn how bad the banksters are, and then exclude them from our economy. They are few, and offer nothing of real value, so it would be easy. (except, those people who fall prey to greed…)
We could bring any form of real money, and the banksters would lose most of their power.
The thing is, right now, most people do not know how evil the banksters are, nor would they care, until their money is yoinked from them. People are happy with the dollar. It isn't really bad like Venezuela, so it doesn't matter that today's dollar buys half the food it did only a few years ago. Most do not notice the slow erosion, nor know what causes it.
So, I expect more people are going to learn, probably the hard way, that the banksters are truly evil.
I also believe that from bitcoin is only half way. From $0 to $100k is only half way to its value when everything becomes priced in bitcoin. So, getting into bitcoin is still a really good deal. You will be glad you did at $1M, and more so at $1B.
