Merlin_020

What deos BTC mean to the world?

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD

Mainstream adoption of BTC will be similar to the early adoption of automobiles in the turn of the 20th Century.

Ability to participate in world economies thru a crypto wallet will be made increasingly available thru financial institution adoption of block chain and possibly BTC. In such the same way as early in automobile history the construction of highways and gasoline station facilitated higher rates of ownership of cars, increased owners travel distance from their home to their destination.

BTC's early age is similar to automobiles early time, where cars were not safe, there weren't mandated or voluntary additions of safety guidelines fro seat belts, airbags, and even traffic light infrastructure. Cryptocurrency market places and exchanges have seen their bout of attacks via ransomware, hackers, black hats, even fraud. Even still despite the perspective of cryptocurrency not being safe or secure, the early adopters continue driving there crypto wallets to all time highs (BTCUSD $9800~).

Innovations to security and speed of transactions will be a accepted standard for all cryptocurrency and those that lack it will not catch on.

The world now is dealing with the COVID-19 pandemic, a tragedy which has caught industrialized nations off guard. World governments ability to bring in new treatments and a sar-Cov-19 vaccine for their citizens will be a large determinant of how well their economies will gain a foot hold to claim their place in a new technology age. BTC will be a part of this age the value of BTCUSD will be dependent on how well public health solution to COVID-19 are applied to the governments citizens, and in a what length of time. BTC is not out of the woods in regards of devaluation, their is still tremendous risk of BTC droping to $5000. Even with this, there is still a very strong likelihood of BTC reaching $30,000 or higher.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.