I would like to talk about what would have to happen for us to see $1.00 cardano Oh for maybe a two, three, four, five ,six and seven dollar cardano. what would actually need to take place in terms of mass adoption and the development and popularity of cryptocurrency .
Bitcoin now testing that crucial resistance point at the $10,000 mark again and it's very interesting to see . I think ultimately it will be interesting just for a hypothetical sense to look at how a technology like cardano has this sort of you know that the staking hype then definitely very interesting to see because we first have taken a consideration on Bitcoin and how they were capitalizing on the concept of digital gold and being the first out of the gate then the real underlying thing that I think a lot of bitcoiners don't really like to talk about is the fact that the technology could be challenged the decentralized Bitcoin.
There could be a thing that becomes obsolete and something like Cardano could be waiting in the background to overtake it and especially when we consider how early we are to make a case about the dethroning of Bitcoin and of course to hype out the Cardano project I'd look at what cardano's doing in the approach that they have and the fact that they're taking their time they've laid out their foundation with academics and they've done a lot of things in the real that's essentially yeah you know when we talk about the scientific process and the way that I think blockchain should go I think the cardano doing was right along the right lines which could easily see it being much higher ranked crypto that on number 12 currently.
Bitcoin is struggling to draw bits despite a confirmed Golden Cross pattern on the daily chart that coupled with bearish short jerk you know indicators you know suggests scope for a convincing break below the 2020 risking trend line currently near 9700 that would expose the neck support to 9200 and as you know if you watch this content I do believe in a more and I've taken more of a fatalistic approach to look at cryptocurrency and in particular the future of Bitcoin I'm more or less interested in that technology.
My subject of discussion is cardano because I want to talk about a more decentralized public blockchain fully open source. I mean these are the things that are going to be huge variables I mean just adoption I already see it as a given I can see the adoption is right around the corner I mean a year, year and a half it'll be even more in mainstream or will be taken more seriously then you know it is today .
China really controls the Bitcoin blockchain through huge mining power . Miners in China represents something like sixty plus percent of mining capacity in it eighty percent of mining capacity about is based in China for both Bitcoin and ether so in many ways I think China has been incredibly strategic about how they think about that so definitely interesting I think it'll be interesting to see just what happens now in the long term as we see all these different variables coming into their own.
Remember I'm not your financial adviser just your friend and I'm here to tell you guys about my opinion and remember to do your own research I don't want to get people overly excited but I'm thinking long term I'm thinking which one of these altcoins are going to be the winning horse and From which ones we could fill our bags.
