What Role Will Crypto Play During ‘The Great Reset?’

[rodskee]

Currently, the movement of crypto prices are very promising. It means that there are many people in the world think that crypto will be an alternative investment during "The Great Reset". They can't invest their wealty in Dollar and Stock. In "The Great Reset" era, almost everysides of world economy are affected by Covid-19 cost but Bitcoin and others still shows us the positive thing. People believe crypto can be good investment for future and will survive until the world recovery although in the worst position.

If there is really a great reset. People will always find alternatives and we seen so far that there are many
people who are involve inside this market.
With something like this to happen but probably I'm doubting, but ho knows. I guess people will continue
to invest to this new alternative investment currency.
They will see the big benefits and the potentials that it can help them surviving into this new kind of setup.

[1714654761]

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[1714654761]

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[Wexnident]

Ehhh? A Great Reset? Tbh, right now? Even with the quarantine period and lockdowns that happened, most people are still going about their lives normally. Heck, even students are going on about e-commerce right now, mostly those that have the opportunity to start one anyway. Why would I even be ready for something pretty much non-existent? People call it the new norms, but really, it's just a matter of time imo for such changes to happen, especially since this "new normal" is just basically us being reliant on technology to achieve what we normally do.

Even if there was a Great Reset, people wouldn't remove themselves from a centralized organization. qol improvements are what centralization offers afterall imo. Decentralization is great, but it's only used in specific situations, and as such, doesn't really warrant the complete overhaul of the centralized government we have right now.

[ActAshton]

For those of you at option 3, ZeroHedge just picked up the article for you to FINALLY understand

https://www.zerohedge.com/crypto/what-role-will-crypto-play-during-great-reset

[mikeauerbach]

I agree that digital finances will be the solution, but the crypto won't. While Bitcoin isn't legal in some countries, it isn't possible.

[sunsilk]

I hope your dad will find greatness as he starts to study about bitcoin. Personally, if ever it comes, I'm not prepared for it but I've got to do something and all of us so that if it comes we have made ourselves prepared for it to start facing it.

And if that time comes, the role of crypto will be big mostly to those who are just sitting around, holding, and watching what will be the stand of the economy. It's a sign that we have our plans or alternative solutions to flee from that reset like I've said only if times permits.

[ActAshton]

I hope your dad will find greatness as he starts to study about bitcoin. Personally, if ever it comes, I'm not prepared for it but I've got to do something and all of us so that if it comes we have made ourselves prepared for it to start facing it.

And if that time comes, the role of crypto will be big mostly to those who are just sitting around, holding, and watching what will be the stand of the economy. It's a sign that we have our plans or alternative solutions to flee from that reset like I've said only if times permits.

LOL thank you... It's when the gen. pop (not prison system) starts to realize the power of it. I found crypto cards like Wirex and Elitium to be good for consumers and HNWI to really help move adoption. Gotta get my pops one of these.

[elitium.io]

Whatever happens to the global economy two things are certain:
1.The elites will stay as rich and powerful as they were before the crisis.They might become even more rich and powerful.
2.The working class will remain a working class.The number of unemployed poor people will rise,but their survival will be their own problem.
If you think that the crypto industry/decentralization(and technological progress in general) could possibly change all this inequality,then you are pretty naive.
Centralization or Decentralization,it doesn't matter that much.The rich elites might take control over the process of decentralization and create a "pseudo-decentralized" economy.
 

I understand where you are coming from and I agree that the elite will try to take control again... But only until a certain point, they are only powerful as long as the masses perceive them as powerful and keep playing the victim role.

Like Elon Musk said in Joe Rogan interview:
Corona showed us, "if nobody is producing shit, there is no shit".

Unification and self empowerment is key. They will play that game until it reaches a point where people have to wake up and dont tolerate this anymore.

The shift is happening anyway, the only thing we can decide is if we want to watch it or start taking action and realize this unique opportunity of wealth creation. Resourcefulness is the first step to have an impact!

What is your take on this?

[AicecreaME]

I think bitcoin will play a great factor during the great reset. Bitcoin has been acknowledged by different countries now, although not totally in the form of currency, but i know someday in the future, it would have a big role when systematic change would be imposed and economies would be revamped.

I think bitcoin would be the escape of the people since it has a decentralize nature and offers cross-border transactions which is very convenient unlike those of the banks with high exchange rates. This could be a nice investment because of the said nature since if ever great reset would happen, people can't invest their money in dollars or whatsoever since it would be monitored.

The great reset has been pushed by different leaders, investors, and enterpreneurs from WEF. Earlier this June they proposed a reset to the system's economy, globally. Their objective is to be more approachable to the working class and to be more on socialism side than capitalism.

It's a great aim somehow since this would reduce the disparity when it comes to wealth and would invest more to people and the environment. However, it's also risky since the one who's going to control is the government which has so many imperfections in the first place. Tyranny could happen and corruption as well. We don't really know. They actually took advantage of the current pandemic crisis to push this and centralize things out.

[The Sceptical Chymist]

The people should be HODLing a currency that is not subject under the whims of politicians who put their own self-interests first before the people.

And that's the part of bitcoin I love the most, that it's not a product of governments or banks.

But as far as this "reset" goes, I think it's an enormous overreaction to a virus that's being touted as being far more deadly than it really is.  The reaction the world has had to it is quite real, but it's over the top.  People aren't quarantining themselves anymore, at least not where I live, and most folks are barely even keeping six feet apart anymore.  They've had enough of this bullshit, and it shows.

I don't think bitcoin is going to gain or lose because of the COVID-19 pandemic.  People still aren't using it as a currency, and they're not going to unless the entire fiat system falls apart--and if that happens, things are going to get so ugly that we'd probably be looking at a Walking Dead situation, where guns and food and land all that stuff are the most important things to own.

[kryptqnick]

The global economic crisis is always unpleasant, but this one will be particularly hard because of the pandemic. My husband and I were supposed to spend the next semester in Finland and spend all our savings on this trip which could be important for my career. We could not get our visas in time, so we aren't going, but the idea of spending savings remained (because they can lose their value or the bank could announce bankruptcy any time). So we're going to buy something costly (Valve Index), and then keep some money is local fiat, USD, EUR and BTC to minimise the risk of losing it all. I don't expect the next year to be easy, but I think we'll be able to get through it.

[Ozero]

The economies of almost all countries are now falling very strongly and therefore the onset of a severe global economic crisis seems inevitable. In this case, a decentralized cryptocurrency, as many hope, should become a reliable safe haven to protect people's savings from inflation of common currencies of states.
 It so happened that the cryptocurrency appeared after the last economic crisis in 2008. This will be the first global economic crisis in which a decentralized cryptocurrency will exist. Therefore, it will be a good exam for cryptocurrency. It looks like she can handle it successfully. We can already observe certain signs of this.

[Sanugarid]

But as far as this "reset" goes, I think it's an enormous overreaction to a virus that's being touted as being far more deadly than it really is.  The reaction the world has had to it is quite real, but it's over the top.  People aren't quarantining themselves anymore, at least not where I live, and most folks are barely even keeping six feet apart anymore.  They've had enough of this bullshit, and it shows.

common reaction of people when a global catastrophe strikes lol they always think of the worst case scenario. Indeed that the world is crumbling facing this pandemic but every country's economy is built to withstand a huge problem like this, and wealthy countries are supporting any one whose having hard time dealing with it. I just laugh when I see people concluding that there will be zombie apocalypse this year lol, just like this an overly reaction from what is happening. The great reset should be taken literally, as in literal reset, we go back in time, and push the man who ate the bat soup and reset the year 

I don't think bitcoin is going to gain or lose because of the COVID-19 pandemic.  People still aren't using it as a currency, and they're not going to unless the entire fiat system falls apart--and if that happens, things are going to get so ugly that we'd probably be looking at a Walking Dead situation, where guns and food and land all that stuff are the most important things to own.

But I don't think the fiat system will fall apart, when it starts to be not effective the government will just change it to a new modernize system and that is what we are having right now, the CBDCs.

[ecnalubma]

Economy is so fragile, if the past generations overcome the past pandemics I’m pretty sure with all the resources we have at the present day we can conquer this or maybe not if someone so powerful really intended this to happen. But at the moment we need to adopt and apply changes in our lives, become resilient and more prepared in future unexpected crisis.

[goldade]

The pandemic has opened the eyes of so many people. Many now see that there is need for a decentralized system of money as so many countries economy are failing drastically.
Bitcoin and cryptocurrencies at large will help save a lot of people who have their money in crypto as it's not affected by a country's economy.
There is need for more people to adopt crypto as this is the future.

[sunsilk]

I hope your dad will find greatness as he starts to study about bitcoin. Personally, if ever it comes, I'm not prepared for it but I've got to do something and all of us so that if it comes we have made ourselves prepared for it to start facing it.

And if that time comes, the role of crypto will be big mostly to those who are just sitting around, holding, and watching what will be the stand of the economy. It's a sign that we have our plans or alternative solutions to flee from that reset like I've said only if times permits.

LOL thank you... It's when the gen. pop (not prison system) starts to realize the power of it. I found crypto cards like Wirex and Elitium to be good for consumers and HNWI to really help move adoption. Gotta get my pops one of these.

Good luck with that, pretty sure that your pops gonna love those cards if you'll tell him that it contains some crypto in it. I wish my pops is also into this technology but it seems that he's not although I'm eager to share him and give him some from my holdings.

I haven't taken any of those but I've heard of Wirex. You can also gift him a hardware wallet which will make him more into it.

[bitgolden]

The thing about elite and rich is that the people might change, the idea will not because humanity has that "7 deadly sins" that religions talk about and that is why there will always be people who will want to live a better life than other people.

Let's assume the whole world is so rich that every human has their own lambo, their own mansion, their own private pool, they can travel anywhere they want, they can eat anywhere they want, they can basically do whatever the hell they want, would you think everyone in the world would agree to this?

Obviously not, some people will want butlers, waiters, valets and whatever else you can think of, it is not enough that you are rich, others should also be poor enough to be serving under you for your pleasure, that is the wrong thing about humanity and that is why even if we remove all possessions from all humans today and equally distribute them, in 10 years there will be rich people and poor people once again.

[wiss19]

I don’t know what you’re talking about by economic reset, how is the economy going to be reset? Like things will go back to zero or what? And as for decentralization, that depends, I don’t think the world is going to adopt Bitcoin, in fact let’s be true to ourselves, Bitcoin is just a payment method and the whole world are not going to adopt it as their main currency, same as other cryptocurrencies.

Another thing you have to know is that as long as there is government, there will be nothing as decentralization, things are still going to be centralized (majority of everything). Bitcoin is just going to be as it was described by Satoshi, a peer-to-peer transaction and apart from that, there is nothing else.

[Salauddin1994]

Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin. the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

[elitium.io]

Thanks for the amazing feedback on the article everyone!

Obviously this is a polarizing topic with different opinions which is totally fine but for those who are interested please take the time and invest 4 minutes in this personal message of Raoul, referring to the article!

I think you can tell that this message comes straight from the heart and we are thanking everyone for the support!

https://youtu.be/IMqxsm3u2m4

[Mauser]

What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

For me personally not much really changed during the pandemic in terms of investing and cryptos. I am still holding the same portfolio of stocks and funds as last year, I only added a little bit of commodities. For my cryptos I also only added a little bit because I don't have so much spare money at the moment. But if I would really believe in the great reset I should sell all my holding and just go into cash. Inflation would likely drop further and the prices in 6 month should be much lower than today. However, I am still hoping for a good ending of the pandemic. So far the prices where pretty stable. I don't think it's time yet for panic selling.