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Yes, am seeing Ethereum to be able to reach $10K zone and maybe even beyond...but this is a big question of WHEN and not IF. The potential is there despite a big chunk of the market moving away from it to BNBChain for the reason of Eth's incredible gas transaction fees. The failure of the Ethereum people to solve this problem with finality is the one dragging the network...but there can come a time when things will get back to normal...and by normal I am referring to be able to send ERC-20 tokens at a fraction of a dollar which is for now a not so possible thing. When all the upgrades and updates can be done successfully maybe that can be the time when transactions will be exploding in the network and hence its price can go up as well. I am looking forward to that time!
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Bitcoin has already entered the mainstream consciousness years ago, hence there are now many mention of it on TV shows, series and movies. I could not anymore count how many movies I watched where personalities mention Bitcoin and many of them are done in a good and sometimes neutral tones. This is quite expected since it is the media that can be picking up anything that is new to them and that can be interesting. I am looking forward to the time when Bitcoin will be as synonymous as the dollar in terms of perception by writers of different shows and movies.
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Are you asking us here if we think that cryptocurrencies are effectively utilized by money launderers in their usual business of illegally making their money come clean and become legal? In the past many years, there was this strong assumption that cryptos can be used by illegal means like money laundering, drugs and even human trafficking...essentially making it easier for them to do business and evade the authorities. Of course, that assumption is proven to be false in the ground as they prefer to be using fiat money which can be untraceable in many ways. And I am sure that records and figures will tell us that this is true...and that is the reason why money laundering is no more one of the many big issues thrown to the cryptocurrency industry.
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Well, this is quite expected as the current dip has become a very attractive for whales to buy more Bitcoin from exchanges and send them somewhere for holding some time. Days ago when Bitcoin reached $45K, people were then thinking that it can go on towards $50K zone but it did not and then it went to below $40K which was the big signal that buying time and hoarding is here...expecting that soon the price can get back to $45K which can mean a very good profit machine for anyone who got the means to buy in bulk. I am now thinking of applying in the Whales Club so I can be rich and famous too - how I wish!
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Of course, this is a very big welcome development for MetaMask fans and users out there. Though am also using Metamask, this is not my first choice when it comes to crypto-base wallet as I am depending a lot with TrustWallet though one time I was a victim of an unauthorized withdrawal of a certain tokens in there and for which until now I still don't understand how the attacker did it to my wallet. Now, with Metamask and its addition of support for Bitcoin via a sandbox am sure this can expand the market coverage of the wallet soon and in my own opinion this should have been done a long time ago.
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Reading at the many responses to this post and having weigh the whole idea, I think this is just adding another clutter and would not be serving us well. I am inclined to say that if we can safeguard the seed phrase then there is nothing really to worry - except, of course, if it is true that Quantum Computing can break the code successfully then maybe we need an alternative but for now I don't see the need to add fingerprints for security purposes.
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This just means that overall and looking at the long-term, economic sanctions are not really working and not producing the kind of effects that big countries like USA, UK and others have been expecting...and they must be blind to not accept this fact. For as long as Putin can sell his own oil then no sanctions can harm them 100%. Sadly, many countries even including the USA could not live without the oil and gas and so they have no choice but to buy some supplies from Russia. To stop the way, all should stop buying any amount of Russian oil and all must be supporting Ukraine with ammunitions to combat the invaders.
On the dominance of the USA Dollar, it must be noted that it has been on the decline since many years ago and its enemies are marching on to strike USA on its Achilles hell...its economy and they are working to lessen the dependency of international commerce on the dollar. When majority of international transactions are not anymore done using the dollar then that can be the time when Americans can feel hyper-inflation and the big decline on its economic standing. China, Russia, Germany and even Iran would be coming on the global scene to fill the leadership gap.
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I am sad learning of the dire situation in your country for people who are into Bitcoin or cryptocurrency...this is a big example of how the power of the state can instead be harming the people whom they sworn to protect and serve. Glad to see that here in my own country, we are still free to do whatever we want with cryptocurrency as long as we are not doing things illegal - and for now there is no law that says getting involved with crypto is illegal. Many governments look at Bitcoin as a big threat to their own dominance and something that can destroy the existing financial system so they are looking at it like a terrorist that should be stopped at all cost. I am wishing that one day those people in the government of your country would realize that in the real sense Bitcoin is a big opportunity that their people should not miss.
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As of the current situation of the world economy, fiat money remains the KING and it can be that way for many decades to come. I am seeing Bitcoin and cryptocurrency to be existing alongside with fiat until there can be a big and global crisis that can be shaking the establishments and the financial system so that people will realize that it would be better to be investing, using and trusting Bitcoin as the best alternative. Changes are not that easy to come and as of the moment people are always asking: "what's in it for me" hence BTC is more of a store of value or a speculative tool rather than a currency people are using everyday. Now, we don't have to be impatient because this is one thing that we could not forced on the people...eventually we will get there and in fact surveying all the developments that happened in the past 10 years I would say that Bitcoin and crypto achieved a lot.
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