A Grim Prediction of Cryptocurrencies

Prices of Bitcoin, ETH, XRP and LTC will be on a frenzied course for a long time. Traders and investors will make and lose fortunes in record time, bets with them. In the end, some analysts appreciate, these cryptocurrencies will either die on their own or be wiped out by the "regime"- Worldwide governments and large banks shielding sovereign stock markets.

Take the example of Bitcoin.

The "Currency of the people" has given a great promise: to become the first true world currency, free from the control of the central banks that print money and the large banks that induce faith. But to do this, Bitcoin must gain the trust of the "general public".

This means that it must be used as an approach of exchange (people need to use bitcoin to buy services and products), as an accounting unit and as an approach of safeguard value by replacing national stock markets. This is not easy given the many obstacles that require to overcome Bitcoin. Such as lack of information, familiarity, stability, etc. And that makes some experts to be pessimistic about the future of Bitcoin.

Lars Seier Christensen, us president of Concordium, the next generation world decentralised computer, is one of them.

"In the long run, I am pessimistic about Bitcoin, as i believe it does not have the necessary characteristics of a more long-term valuable asset and, in the end the truth will reach it inch says Christensen. "But at any given time, price movements will probably be random as Bitcoin is influenced by low liquidity and capricious larger transactions. inch

Unpredictability will make it difficult for Bitcoin uniswap v2  to be widely used as an approach of exchange. And without widespread adopting, Bitcoin will remain a game for speculators and real fans and will eventually die alone.

But even if Bitcoin overcome all these obstacles and gain widespread adopting by the public and manage to replace the national currencies-that is, get to be the new currency-what happens next?

The pessimistic claim that the "regime" cannot afford to let that happen.

The reasons are enough and these include "Seigniorage". Essentially, the profit that national governments discover from money printing. Then there is the profit for the banks that help to move this money and create credits.