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July 30, 2018, 06:30:58 AM |
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Clearly the retail investor world, for one reason or another, doesn't value Bitcoin as much as the institutional world does. If we did value it, institutions would be buying it from us at $50,000 per coin. But they value it enough, maybe not for the same reasons we do, or should, and we are about to find out what their plans for our Bitcoin is. It's ours. Designed for us, to compete with theirs, and eventually fold they're economy into a Bitcoin decentralized economy.
But I would suggest that your that will continue once the control of Bitcoin is in the hands of institutions, is misguided. Institutions are about to become the new whales. And personally, I suspect, that governments and central banks are going to become the new super whales, and folding Bitcoin and the alts into their economy. Decentralized Ledger's and currency alone cannot do what Satoshi envisioned. First of all, he didn't envision etherium and alts, though it's likely they would have eventually appeared anyway. But now that alts are there as dependants on bitcoin, and alts are potentially the foundation of the new economy, though it would be possible to build the new blockchain he coming to me without them, the trajectory of Bitcoins world currency dominance has altered. Any alts that represent a threat to the huge money of the fiat's system and its managers have a target on their heads, in the same way that Bitcoin does. I would love to buy some long-term alts in the coming dip comma as well as a lot of Bitcoin, but I'm forced to choose between them common because of limited finances available right now.
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