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Not counting takeoff to 20k, every year throughout its existence bitcoin shows high growth. A year ago its price was half as much. Therefore bitcoin does not fall, he grows.
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This is an excellent motivational information for those who are discouraged because of the fall of the cryptocurrency market. Nevertheless, it is still too early to talk about any prospects for replacing the fiat currencies.
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I doubt it very much. Banks will live as long as there is life on earth. Tools for financing can only change.
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The world will be ready when governments and banks are ready. Governments and banks have a very big impact on people. If regulators do not accept cryptocurrency, people will be afraid to accept it.
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ETF in the near future is unlikely to be, at least in the US. Maybe it will be in another country. But we should not hope for this. This process will be delayed.
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I agree with the author. Investing all funds in one asset is fundamentally the wrong decision. In addition, that assets must be carefully selected, there must still be diversification and investment strategy.
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Many experts and economists talk about this. But we do not know for sure when exactly this will happen. Therefore, we can not count on this. All crises, as a rule, happen suddenly and unexpectedly for everyone. But I'm sure that the cryptocurrencies will then grow very much.
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