Post
Topic
Board Speculation
Re: So if Bitcoin goes to $1m or $10m or $100m a coin....
by
iram1011
on 21/09/2017, 16:47:07 UTC
And becomes a giant world currency...

Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?
Do you think governments will wait for even $1m, forget about $100m?

Bitcoin is gaining part in financial landscape. Marketcap is still in Billions and to touch trillion dollar marketcap, only $60k price is required which is quite possible in next 4-5 years. Government of various countries would definitely take steps before Bitcoin touch this price or marketcap that is within 1-2 years. Governments can't let Bitcoin dominate the financial system. Sole reason for this is that Bitcoin is decentralized which has the potential to disrupt economy of a country if it dominates the particular market. Many are already in the process of bringing their own cryptocurrency.