I will be a new series of daily emails and crypto starting you more about bitcoins in general as this is something a lot of you have been asking for some time, you want to trading. In addition to currency pairs, stocks you can now trade Bitcoin at primexbt
Bitcoin to the Dollar: Bye Bye
The banks know it...and they can't do anything to stop it!
Many will try to stop it or slow it down, but the rise of cryptocurrency is the Internet money that is about to be as destructive as the global web was to many companies at the turn of the century.Also CEO of the International Monetary Fund, Christine Lagarde, admitted that “Bitcoin and cryptocurrency
have as much of afuture as the Internet itself.” She goes on to regretfully say that “It could displace central banks, conventional banking, and challenge the monopolies of national monies… It even puts a question mark on the fractional banking model we know today.”
This comes down to the ultimate use of money, and in every way, the cryptocurrencies beat central banknotes.
Outside of major currencies, like the US dollar, I think billions of people would agree that they trust cryptocurrency more than their national currencies.
Remember, Bitcoin and cryptocurrency don't have to take on the dollar in 2017. They can first wipe away 90% of the other national currencies before the big title fight.
People in China, India, Venezuela, Argentina, and all throughout Africa are already making Bitcoin their medium of exchange.
This specifically includes the 2 billion unbanked people who happen to have a smart phone, which is all that's needed for a Bitcoin wallet. Cryptocurrency is already a better way for payments and transferor money.
See more: What do you think about the long term future of bitcoin?
The blockchain self-validates, and the fees are nil compared to banking fees. This isn't going to happen overnight, but the path for cryptocurrency to dethrone, it has been around for 10 years and growing stronger day by day we will give you up to 100x leverage with BTC-USD at Primexbt. Whatever commissions you will earn this month - you can claim similar amount in December for free and therefore Double Commissions
central banks is certainly on the table over the next 10 years.
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