If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain
mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Posted on 04/16/2021 4:58:01 PM PDT by aMorePerfectUnion
The entire crypto market could increase in size by 50,000%, according to macro investor and Bitcoin advocate Raoul Pal.
In a new interview on the Gestalt University podcast, The Real Vision Finance founder says that the public is generally unprepared for the ways in which digital assets could transform the current financial landscape.
“There is a parallel financial universe being built in front of our eyes and people are slowly migrating across. People have no comprehension yet of how big this is. They’re still bickering over whether Bitcoin is an investment vehicle without realizing the magnitude of what is actually going on.”
Pal remarks that as blockchain technology and the digital asset sector slowly reshape the financial system, the market is set to capture hundreds of trillions of dollars of value.
“This is a multi-quadrillion dollar world that’s being developed in terms of flow. In terms of the stock market, the bond market, the equities markets – all of these things are two, three, four hundred trillion dollar markets each…
Currently the digital asset sector is [$2.26 trillion], so what is it going to be worth? At least 100x from here still, probably 200x maybe even 500x.”
Pal predicts that the digital asset sector will offer Millennials an opportunity to access wealth building opportunities that would otherwise be out of their reach.
“You’re democratizing access to all assets which is a huge game changer. If you are a Millennial, a thirty-year-old now versus the thirty-year-old baby boomer back in 1980, the baby boomer got 7.5 Pe ratio in the equity market, 18% interest on fixed income and the cheapest property in inflation adjusted terms since the war, right… So then the same thirty-year-old now, they’ve come out in debt from university so they’re on the back foot as opposed to their parents who actually ended up in debt…
Suddenly the digital asset world walks onto the scene. Now, I’m talking about a 500x growth potentially over the next 20 or 40 years where they can participate… This is game-changing, it levels the playing field. It’s democratization on mass.”
...also addresses the Bitcoin market and suggests that BTC supplies are virtually non-existent, which may cause the asset to rise further than investors expect during the current bull cycle.
“There is no [BTC] supply. The only supply actually in the market to be truthful is a couple of big funds that rebalance at month end and quarter end because that’s what institutions do, and that’s new for the space, and basically day traders beings topped out or being cleared out of inventory. Because there’s no actual supply…
There is a risk, and I don’t know what the probability is, but it’s higher than most people expect, that we don’t stop at $200,000 at this cycle… but we actually go batshit crazy because of this and we get to half a million or maybe even a million.”
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain
mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
What happens to crypto currency if cloud servers are struck by an EMP?
... It would have to be worldwide. It is a vastly distributed network.
Of course, life as we know it will change dramatically, if this happens.
I suspect bitcoin or crypto would be the least of my survival worries.
When that all goes kablooie there will be no way to pick up the pieces.
I don’t understand why it has value. And for that reason, I’m out.
I’m getting ready to cash most of mine out to get some rear tractor tires.
Started with $250 in crypto couple of months ago.($237 after buying fees on coinbase)
It’s now $450-465 depending on the day or even time of day.
Tires are $350 including shipping.
Gonna pull $300 out in crypto and leave $150ish in.
Will try to add back $50 here and $50 there.
First thing’s first, gotta get set up on coinbase pro for the cheaper fees.
😁 you could also learn…
This is a rejection of ‘traditional’ fiat currency, despite the risks. What does THAT tell you?
It can also go to zero....
You have been looking at this longer than me, most likely, but the risk I see is as things shift to crypto, demand for crypto increases, and demand for fiat currency wanes. This make fiat worth nothing, and reduces elite control over the masses.
Why would anyone think the elites won’t clamp down if this begins to move people from fiat to a less manipulatable store of value?
I have no doubt crypto is going up for a bit. But when I see articles liek this, I think guys like Musk are about to dump, and trigger another 2018.
👍
If you were a government with the world’s most valued currency...and the desire to crush these folks trying to build an alternative, it would be so friggin’ easy.
Buy unlimited crypto at an unlimited price with printed digits. And keep buying to draw as many in as you could.
Then one day put it all on sale to the highest bidder. All of it. On the same day.
It can also go to zero...
——-
China and a few other countries have already banned Bitcoin. Do you think a sovereign government will allow another crypto to compete with it? China is already using cashless, to be fully instated next year....the US is close behind.
A “multi-quadrillion dollar world?” Does anyone here know if anyone has estimated the value of all assets in the world, and if so, when these people expect all transactions to be conducted in cryptocurrency?
It can. And, it will.
If this prediction isn't a bold impetus to sell all you got, then nothing will ever be.
Exit, BTC stage Left. Enter, NESARA stage Right.
IMHO, smart folks selling BTC will move the cash quickly to precious metals, and thence to a PM-backed currency.
Folks like Rothschilds and Soros-types have.
It would have to be a worldwide government attack - all nations.
.
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