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With Blockchain and AI, new services will be developed, which is good for the economy.
Cryptocurrencies will enable communication between networks of AI, secured by blockchain.
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I don't think banking is dead.
Most people, if not everyone, needs a bank for ordinary financial transactions and loans.
Cryptocurrencies are a small niche, and not everyone has the abilities to manage crypto assets.
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Blockchain is very good to restore trust, since it's not possible to alter the information, if the ledger is distributed with a blockchain implementation.
Since the economy is lacking trust, blockchain will help the economy.
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Bitcoin can be very useful for a troubled economy, because it helps people to protect their savings.
People convert fiat currency into bitcoin, and they are protected against inflation and money printing.
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Internet and the computer technology are global.
Bitcoin is the currency of the internet, so it's a part of globalization.
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The dollar is very strong at the moment, despite a trillion dollar budget deficit.
This is not sustainable.
Within a few months, quantitative easing will be necessary, and the dollar will be weaker.
This may be bullish for bitcoin.
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Today bubbles are everywhere.
It leads to inflation, which will be out of control with natural resources becoming more rare, and the world population still growing fast.
When the inflation becomes out of control, then the real crisis will come, within a few years in my opinion.
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People create a new cryptocurrency when they have a new concept, or a new solution to an existing problem.
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In developing countries, and soon in every country, bitcoin helps to convert fiat savings into cryptocurrencies.
It's a way to protect savings against inflation and fiat money printing.
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It is already a store of value.
Although it may go up and down, the volatility has decreased since last year.
On the long term, the major cryptocurrencies gain value.
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It may be a good moment if you're patient, because it may go up and down.
It's a good 5 -10 years investment in my opinion, because inflation and fiat money printing will devalue fiat currencies over bitcoin.
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Currently the dollar is very strong, and emerging markets are suffering, out of liquidity.
Cryptocurrencies can also be considered as an emerging market.
Once the interest rates go lower, perhaps after midterm elections, there will be more liquidity available, and the crypto market will probably go higher.
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It will never happen.
People never feel comfortable when they use gold.
It is the same with bitcoin.
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This is very difficult to say.
The big advantage of Bitcoin is that it is popular all over the world, and this is the only cryptocurrency with such notoriety.
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You're right, it's not a bubble.
But it will take many years until it is recognized as a legitimate investment, because so many interests are at stake.
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The price is going down because the big money hasn't entered so far.
More financial product would help, enabling funds to invest in Bitcoin.
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Unfortunately a massive money printing will be necessary to pay pensions, resulting in more and more inflation.
Bitcoin is a valuable asset in this context.
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I think it's a very wise option, because fiat accounts will be plummeted by inflation.
And the more inflation, the higher Bitcoin's value is.
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Spending time is an investment.
When the inflation rises, you will be very happy to have spent time educating yourself about bitcoins.
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Smartphone are not powerful enough to mine efficiently.
It would just be a waste a resource since a mining smartphone won't last long.
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