antonyzen2525 Posted April 26, 2020 #1 Posted April 26, 2020 How Bitcoin can be favored by the injection of trillion-dollar liquidity promoted by central banks. In your opinion is there a possibility?
bilalgul Posted April 28, 2020 #2 Posted April 28, 2020 I don't know exactly what impact will that have but yes one thing is for sure that banks would never ever want bitcoin to be successful
skrieeee Posted May 2, 2020 #3 Posted May 2, 2020 well... first of all, bitcoin was the first cryptocurrency was ever created and ever existed way back 2009, and some people kinda invested on it. There's a story when a guy bought a pizza in exchanged for bitcoin and when he realized 5 years later that the pizza that he paid was more than a million today, he regret it, and history follows. When Bitcoin was the first coin that is decentralized some people trying to replicate Bitcoin's concept or trying to create a different coin which is called token; ethereum for example. As soon as bitcoin increases its price, so as the other coins and tokens because bitcoin has the same element on what the other cryptocurrencies have. so the question is: How Bitcoin can be favored by the injection of trillion-dollar liquidity promoted by central banks. In your opinion is there a possibility? Yes: since bitcoin can be used to buy daily consumable items since it has a potential to grow, and what I meant growth, it means large profit, so some central banks would like to use it for profit. No: in some way it wont work out. First Bitcoin is a decentralized currency you may never know if that coin will grow or not. Unpredictable growth = not safe to use as a local currency since it can fluctuate its price at anytime and some banks would like not to risk its money. I'm hoping that bitcoin will not be taken as a centralized currency since bitcoin can give us some advantages like privacy, and easy transactions with other wallets without giving id's and etc.
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