Will the bitcoin become the world's financial system if it collapses?

in #bitcoin6 years ago

The future of cryptocurrencies never depended on a specific governmental system, but even so most governments want to carry out their prohibition, which generates us as an unknowledge, if the future of these virtual currencies will really depend on the decisions that are carried out, by each head of state.

The cryptocurrencies worry regulators, the entries of their retail investments has led leaders to want to act against them, for the reason that people could be left without savings if they bet on them, for example Bitcoin, paid to volatility.

The Bitcoin compared to the previous year is going through a hard time, since in the present year lost half of its historical value of $ 20,000, which as a goal was clear that it should be maintained, or was what was expected , but as we know the market moves and the currency also. Now to recover its value above $ 10,000, is in search of stability in a good cap, of course this would not remain stable in a value, but could go near figures of our interest. It's a matter of time.

Do we have to worry if its value plummets and reaches zero? Does the financial system screen?

The cryptocurrencies are a speculative instrument, which evaluates the value of the market, if this will be ascending or descending, if its value falls this will not affect the global financial stability, but it could affect your investments, clearly. The worst part we already know to whom they really affect.

This is like the fall of one of the most important virtual currencies in the world like Bitcoin or another, it would be just a whisper, for the financial system of the whole world, since it would be too small to disturb the economic stability, apart from being a decentralized system. This low would be small and would not affect the solvency of large pillars in the world.

If they improve their position in the markets and begin to be observed by the rest as a quality product, the impact of these virtual currencies could be more gradual, it is a matter of being convincing and not generating bad impressions, so this It would have greater support from political leaders, however the use of these on the black market will detract valuable points. It is said that they need a bit of regulation before they have a greater impact on the financial market. But what greater impact? If they are with us since 2009. So they are giving more and more priority to the prohibition. With the purpose that you are not beginning to reflect your changes in most markets.

Mohamed Damak, head of the ratings division of S & P financial institutions. What the success of them will depend on the regulation of the global coordinators, and that it will be increasingly promoted in the market.

The risk it takes is to infiltrate the global financial systems, exposing a burst in the bubble, which will cause trouble for the economy of nations in the future, although the goal of this network may be that in the future, all work with it, and be the only coins in the world, for this reason is the interest to block them, so that they do not affect the financial system in general.

Cryptocurrencies do not convince everyone, but their technology does.

Sort:  

To the question in your title, my Magic 8-Ball says:

It is certain

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 66996.44
ETH 3098.15
USDT 1.00
SBD 3.72