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/biz/ - Business & Finance


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13447825 No.13447825 [Reply] [Original]

Seriously though, what are establishment financiers going to do when Bitcoin hits $1 billion? A lot of Bitcoin early adopters were edgy shitlord types who dress poorly and never went to elite schools. I get the feeling that the Wall Street types will not be willing to transfer power over to the new guard gracefully. Changes will have to be made. There'll be a transition. In the end though it will be mutually beneficial for everyone.

>> No.13447904

Will never happen. Governments will not allow their currencies to be overthrown by a gimmick.

>> No.13447912

>>13447904
this

>> No.13447917

>>13447825
well NY already trying to print fake news about tether

>> No.13447921

>>13447904
Very true. It would require major governments of the world to collapse, and it just doesn't seem like that's going to happen. Sure, US might decline, but not collapse. And China will live forever more, they can start nuclear war.

>> No.13447957

>>13447921
>thinking US and EU won't collapse in the near future
anon I....
Just read about what happened to roman empire.

>> No.13448013

>>13447825

>he doesn't know

Bitcoin was made up in the 2008 financial crash to make billionaires flee to it. Gold will prove to be a shitty store of value once the government starts confiscate it again with huge huge penalties, this is not 1929, we actually can confiscate every ounce of gold in all USA without issues. Millionaires will flee to bitcoin once they realize they have no choice, then we will take use our SHA-256 backdoor and trace all of them, and confiscate all the bitcoin before it flees the country, to avoid a flight of assets going to the East or China. Then a new cryptocurrency will emerge from the banks and they will offer it as a good solution to the fiat collapse and bitcoin criminal flight of money

>> No.13448061

>>13447957
false equivalency

>> No.13448093 [DELETED] 
File: 43 KB, 755x267, hyper.png [View same] [iqdb] [saucenao] [google]
13448093

>>13447904
https://files.catbox.moe/7xgjhx.webm
https://youtu.be/-ps5Tu0kdPY?t=1403

>> No.13448104
File: 43 KB, 755x267, hyper.png [View same] [iqdb] [saucenao] [google]
13448104

>>13447904
https://files.catbox.moe/7xgjhx.webm
https://youtu.be/-ps5Tu0kdPY?t=1403 (23:23)

>> No.13448134

>>13448013

good luck faggot

>> No.13448142

>>13448013
Fantom

>> No.13448164

it really will just come down if enough people demand to exchange goods and services with btc.

everything else is literally meaningless, no bonds, securities, real estate, no taxesor other scams. if your average wageslave wants and rather wants to exchange his everydayshit with btc it is over for t-t-tehm