Bitcoin pioneers still believe that BTC will reach $ 250,000 • Large borrowers and unsuccessful states are likely to cause hyperbikinization • The Philippine central bank has supported the launch of Bitcoin ATM

in #cryptocurrency5 years ago


Mark Jeffrey, the author of the 2013 book, "Bitcoin Explained Simply", believes in Bitcoin's future despite the fact that we are currently experiencing crypto-winter. Mark thinks it should not be surprising. In analogy to the cyclic dot-com boom-and-bust, the future growth of the BTC price predicted to $ 250,000.

Of course, the end of 2017 was analogous to the early days of the dot-com boom. The impatient investors who did not want to miss it, throwing money on anything they offered. And when they realized that they were not buying anything more than an indefinite promise of something, they spannikari.

But Jeffrey says the cryptome process was very compressed. So in dot com boom and bust cycles it was about four and a half years, maybe five years. It was about a year and a half in the cryptosweet. So it was much faster. While Jeffrey can not predict when this happens, he is convinced that the current "dead" period will end. Amazon and Google have also emerged from the dot-com ashes as Phoenix to become the giants they are today. Real-time Tokens will be promoted and who knows which one will become a Facebook crypto. Jeffrey insists that it comes and stands for his forecast of 250,000 dollars for the BTC.

Large borrowers and unsuccessful states are likely to cause hyperbikinization

The World Factbook CIA, which lists the current national accounts, shows that large economies and landscapes that are almost bankrupt have something in common - a massive debt. This causes them to be a strong candidate for hyperbikinization, which could aggravate the expected global slowdown in economic growth. The fact is that the US, UK, India, Canada, Turkey, France and Australia are on the list.

Hyberbitoinization theorists have little confidence in fiat currency. They believe that the state authorities that control national currencies will erode them to such an extent that citizens will be forced to get rid of them and shifted to Bitcoins, which will lead to the whole country being driven by a decentralized currency.

The Philippine central bank has supported the launch of Bitcoin ATM

Union Bank, one of the largest banks in the Philippines, has worked with the central bank to launch its first two-digit Bitcoin ATM. Bitcoin ATM allows customers to buy and sell Bitcoin for cash. The machine is located at the bank's headquarters in Pasig City.

Union Bank said it was possible thanks to cooperation with the Bangko Sentral Philipinas central bank. The official edition states:

"In the Bank's ongoing effort to meet the evolving customer needs, including clients using a virtual menu, ATM will provide these clients with an alternative channel to convert their money into a virtual menu and vice versa."

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