Are you being told the end of crypto? I announce the beginning

The prices of the most widely used cryptocurrencies, such as Bitcoin, have experienced a 20% loss in value in recent days.

Every time bitcoin stumbles, journalists fall. Generalists, those who surf on any subject without their pen ever diving deep into the inkwell. “The sign of the end? “. “The rejection of virtual currencies?”. “They rely on the void and sink into nothingness”… This kind of follies that limit intelligence and farsightedness. Even if they regularly lose 40% of their value from time to time, virtual currencies remain not only one of the best investments ever made in recent years, but also a powerful tool for a future in construction, within the corners of the world. the metaverse programming. I recently attended a conference from a pseudo-expert in everything and especially nothing, almost natural, who said that NFTs were a scam. Like Warren Buffet or Larry Fink (Blackrock), about Bitcoin another 3 years ago. So beware of the hot reaction, it usually promises a big cold snap!

To give you an idea of ​​the impregnation of bitcoin and other “established currencies” in the industry, know that for real estate transactions on luxury goods, whether in Miami or Dubai, bitoin has become the official currency. 1 in 2 trades, or 50% of the trades and sometimes more in certain months, are executed in crypto. The sign of the end? rejection? We are far from that.

First of all, the world is looking for safe havens. Those who have invested in gold in recent years polish their bars with the satisfaction of seeing their value at the peak of their weight each day! Few were able to boast of such an unashamed appreciation.

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The States took on even more debt during the Covid, without control or limit. In any case, the states that succumbed to fear and put their economies under a glass cover first, then infused it with much more virtual money than crypto, money we didn’t even know could be made with such lightness and inconsistency. printed. Out of nowhere these euros and dollars, printed by the various central banks, fell on a hysterical world, like world hunger. The ensuing inflation, a natural consequence of an economy that has stalled and is struggling to catch its breath, will tarnish our hopes for recovery and slow growth. Cinderella will see her carriage turn into a kohlrabi, a sign of a very real war this time. A safe-haven currency, resistant to debt, at least in theory, then represents a huge attraction, which translates into growing use.

Second, the obvious risk of a recessionforces investors to find a landing place for their investments, which is ultimately low risk and valued in the long run. And for once, if there’s one field you can bet on with a virtual certainty of success, it’s that bitcoin will be worth $100,000 at one point or another. As Cabrel would say “it is written” in the sky of the cryptostars of the metaverse. But bitcoin has already lived up to its promise if you think about it. How many of your investments have had their value multiplied by 600 since Bitcoin crossed the $100 mark? How much ? The curious and the savvy, who bought “wagons” of bitcoin when it was worth a few dollars, now have a secure retirement and enough to ensure the future of their next generations. If you recently bought 100 bitcoins for $100, you’re sitting on the nice $3 million mark, and if you sold them a few months ago when they were worth over $60,000, you’ve made double that. Then you definitely bought more bitcoins to do a second tumble, and could continue to fill the kitty.

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Crypto is part of our lives, a little more every day. Governments or municipalities that have enabled crypto transactions. Whoever has accepted daily or exceptional transactions is done in this way, that officials are paid in crypto (South America, etc.. So despite the downward blows of a currency far from decoupled from stock market fluctuations, and especially firmly attached of technology stocks (as we saw last week), which distracts it a bit from its primary value and makes it a bit more predictable, we can safely say that they do indeed last.Not all of them, but the most important, Bitcoin, “the king”, in the lead.

Above all, above all, they will be the basis of transactions in the metaverse. A world in which many players plunge to escape from lost debt-ridden states, whose burdensome temptation will soon be amplified to restore their health. States undermined (no pun intended) by political mistrust and the rise of populism. States without strategy, especially in Europe, which, in order to keep the world favorable to them at bay, are trying to cut off the weapons that extend to the world beyond. No ambition, no big investments, no attack strategy, but a multitude of barrier rules, GDPR, sanctions against champions, for lack of knowing how to create them in there. The metaverse is both a commercial project, the obvious, and a political project that is being perfected and building a case for those who dreamed that the blockchain and the cryptos would mock a centralizing and statistical world, who prefer it gives up debt and buries himself only to take the necessary steps for his transition. Unsurprisingly, it is a target for all Silicon Valley libertarians, who continue to hope for the island of Ann Rand and the collapse of the United States.

Of course, states will have to respond. A real estate transaction, made simple by the transfer of a “wallet” and thus escaping the capital gains tax, will not please all the tax collectors of the earth too much. These transactions in art, virtual real estate, trading cards and other virtualized goods are already attracting the greed of all Bercys on the planet. Indeed, these currencies are still useful for those who have things to hide and in particular things to launder, but it must be admitted that most transactions are now “legitimate” (legitimate in French).

The world longs for refuge and some for refuge, foreshadowing a terrible struggle between the liberal states and the less liberal states, between the world before and the attempt of a world after. It’s almost Houellebecq! This battle will be terrible between a world that wants one or more cryptos controlled by central banks, and those that want to escape it at any cost. The recent attempts at regulation, through the ecological pretext, at the level of Europe, the ban on mining in China, prove that the war is only at the beginning.

In the meantime, some advice: buy a bitcoin for $29,000! And wait… We’ll talk about it again in a year. If I’m right then accept my RIB, I’ll only take 10%.

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