I hope you are correct matey, I really do.
BUT...if all the crypto is already owned by centralized banks, they can buy up,and manipulate is much as they like (it's not like fiat scarcity is a problem for these sociopaths, to do as they wish...)
There is nothing 'we' can do to affect the big moves/players...which is the worrying part.
The crypto market as it is now - as a whole - is small change for them...
I hope this is the new paradigm, but I'm not holding my breath. Not yet.
I've been thinking and talking about this since 2013. Here's an old post on it: https://bitcointalk.org/index.php?topic=162961.0 (unfortunately the images no longer show up, but they were cool pictures from a revolutionary war and the matrix).
Some of the discussions there get into the idea of "what if the central bankers buy it all up and manipulate the price?"
The basic answer is, not everyone will sell so their process of buying it up eventually increases the price which increases more mass adoption.
...if bankers already own it all...?
If they don't....their comp algorithm will have it bought before anyone else can..
The price is irrelevant (to them) - if it's the control they're after...
.....I'm hoping I'm disastrously incorrect...
I think they just want us on a digital system, it doesn't matter which "coins" since they're all connected through exchanges (which you need to provide your government ID to buy from).
And if you're fully on a digital system, your wealth is tied to the price they say the price of your assets are. You work for the smart machine and it allows you to buy dinner from the smart shops with your smart phone and smart ID.
In reality it seems to be but one step closer to the chip. The pro-crypto propaganda is real, and so I discuss it in depth over at my blog.
Maybe you didn't see the video I linked to in my post? The entire point is peer to peer interactions and disintermediation. why buy from "the smart shops" when you guy buy from your peers directly with no corporations involved at all?
You can call it "pro-crypto propaganda" if you want, but the current central banking system is a complete disaster. Controlling your own store of value is a much, much better approach.
They can only print money for so long (see Venezuela and Argentina). They can't control purchasing power forever.