So in a day like yesterday we all can not stop refreshing our crypto feeds, seeing the price of Bitcoin change by the second. At first the thoughts of Lambos come by, then buying island and after that taking over the world. The sky is the limit! Come on...Don't tell me you haven't actually thought about that??
But the whole time I am having this little voice in my head, which is thinking about the other side of it all. 'What if this really happens?'
What if crypto DOES take over the world, replacing all fiat, redefining where all the value is. What will happen then?
Because as I can see it it now only, we are thinking too much on the positive sides, because we feel like pirates, early adopters...so we will be on the good side. But what about all those shady businesses who had crypto as an anonymous payment method all those years. I mean....Holland was/is known for example that you can buy your most experimental drugs with crypto for years now. Those dude are/could be sitting on a gold mine, and when this all moons..They might be the ones with the virtual Benjamins.
And what about traditional governmental forms. Stuff we are all used to. Insurance companies, house values, pension funds...Stuff people have saved for for years, potentially being worthless once hyper inflation starts kicking in. We all know what happens then...anarchy.
What happens when all these traditional systems collaps? Is that something that we should actually be happy with? Am I overthinking this now way too much and being on the pessimistic side?
What are your thoughts on when this actually happens?
