Whether Bitcoin succeeds will largely hinge on whether people have confidence in the incumbent fiat system to which it poses an alternative and in the central bankers who, since the end of the dollar’s gold peg 1973, have determined the monetary policies behind that system.
Source
Related posts
-
Is $77,600 The Next Step For Bitcoin? On-Chain Pricing Model Hints So
Data from a Bitcoin pricing model based on an on-chain indicator suggests that $77,600 may be... -
Bitcoin Price Drop Below $70,000 Apparently Driven By Lack Of Interest, Glassnode Data Shows
On-chain analytics platform Glassnode has provided insights into why the Bitcoin price recently dropped below $70,000.... -
Crypto industry doesn’t need Bitcoin anymore
In an interview posted Thursday, Charles Hoskinson called the Bitcoin following a ‘religion’ and unsustainable. Hoskinson,...