Loading ...Bitcoin Monthly Forks
Bitcoin is on one of 2 paths. If the monetary system stays intact then it is on its way to be a sort of digital gold. Should the fiat system fail and currencies collapse then everyone will be rushing into cryptocurrency and precious metals which means astronomical prices.
We will know VERY soon which path we are on.
There’s a lady Whose Sure all the glitters is…
Bitcoin ?
nah
Don’t believe everything you read.
It is very hard for me to imagine that the central bank of the world, the US Fed, would allow a competitor to exist.
The two paths diverge in 2025, so it could be many years before we know if either of these two scenarios is going to play out (the other option is that it falls below these channels.
If BTC remains below 10k into the end of next year then this thesis is dead. I personally think BTC will remain in the bottom 2 channels of the digital gold fork for the next few years.
BTC has scaling issues that will not be easily overcome. I expect another cryptocurrency to take its place the latter part of this decade as others have superior technology and speeds. There are many candidates so the question is which one?