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What does this say about bitcoin, altcoins and cryptocurrencies in general? Does this have anything to do with the ongoing inflation problem in the U.S. and other countries around the world? Is bitcoin in a bubble again?
My belief is we are at the very beginning of a new eonomic paradigm which will include digital currencies like bitcoin. I expect many of the traditional paper currencies to fail during this shift since they don't qualify as money (no store of value). As the public realize there are important qualities in currency that make them valuable, the change will start to pick up speed. I think in the next 5 years it will be clear to most that this change is underway.
Thoughts?
My belief is we are at the very beginning of a new eonomic paradigm which will include digital currencies like bitcoin. I expect many of the traditional paper currencies to fail during this shift since they don't qualify as money (no store of value). As the public realize there are important qualities in currency that make them valuable, the change will start to pick up speed. I think in the next 5 years it will be clear to most that this change is underway.
Thoughts?
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