Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
pork pie
on 01/02/2016, 19:55:17 UTC
For anyone not having seen Lagarde from the IMF @ Davos 2016 yet, take a few minutes to listen. They sure are not laughing anymore, even when knowing how tiny little Bitcoin currently is. The cat is out of the bag and they know it:
https://www.youtube.com/watch?v=JwkC8WaN5T4&feature=youtu.be&t=242

Lagarde raising her hand thinking that cash will no longer exist in 10 years time:
https://www.youtube.com/watch?v=JwkC8WaN5T4&feature=youtu.be&t=1822

Ten years ago there were people that thought cash would no longer exist by now, and the same applies to twenty years ago. I don't think cash will disappear that quickly. We had credit and debit cards decades ago, but they haven't completely replaced cash yet. Bitcoin could become more widely used, but I don't think it will ever replace cash.