IMF tells nations to creat there own cryptocurrency. That would kill all cryptocurrencies.
Government will never surrender there power to bitcoin. Looks like BTC is dead.
Their own pensions are at stake. The majority of transactions are already electronic. You just take a picture of your check and deposit it electronically without having to go to the bank. Separate the technology from power.
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Such a simplistic worldview must be very comforting. Research "fractional reserve" systems if you would like to understand how our modern currencies work. It should become obvious why people will lose faith in fiat.
There was no possible way governments would EVER hand over such power to Bitcoin. These people have no clue about the age of knowledge, for they are trapped in the age of stupidity. A monthly closing below 2950 will confirm the long-term trend is turning down. A year-end closing below 4150 will point to a drop back to 775 area. It was a trading vehicle – not an investment class for the long-term. With the IMF telling all central banks to create their own cryptocurrency and the introduction of Blockchain in experimenting with tax collection, we face a very different future due to technology. However, it will not be a world of free-market cryptos that bring governments to their knees.