Will crypto win over the hearts of the media, bankers, investors and governments? Or will they try to restrict, limit and control the potential future we can have that crypto and blockchain technology can bring? Will bitcoin be a recognized financial term that doesn't illicit a negative response from people, as if it's a scam, bubble or other ideas to dismiss its value?
great point highlighted in the article and must read for anyone new getting into cryptos.
Crypto has to a great extent already won the hearts of media. There is a lot of hype around the large gains that bitcoin made last year and hype helps sell news and draws viewership. There media should have nothing to complain about.
Government will fall in love, when those funding governments fall in love - investors and bankers.
Investors are curious and i believe have become more aware of the asset class. They understand something big is in the making and are, in my opinion pushing govt to pass regulation. It represents a new asset class for them, inflation proof, 0 correlation to traditional assets. Therefore they will ultimately fall in love.
Bankers, well they are of two kinds - boring retail guys and the assholes (aka investment bankers). The second type will actually develop a business around trading of the asset class, its custody and build a financial derivative market around it. So they can smell money here and having seen the profit numbers for coinbase, and binance, their mouths are already salivating for the big feast ahead.
The real threat is to retail guys, as the average person no longer needs a bank to be the custodian of its wealth.
Once the infrastructure is in place for big money and banks to get involved, the whole scam, bubble crap will end.
Economists will keep theorizing about it being good or bad, as they do about other things without having any meaning impact on anyone's life.
Yeah great... more money manipulated assholes who play around with bullsiht like derivatives... great... :/
:) unfortunately most in crypto are excited about it. But then it does not change the phenomenal achievement bitcoin is.