Quote (tric-isHUGE @ Nov 19 2017 07:36am)
No way. The absurd amount of debt in the economy will actualize as scarcity. Not everyone can cash in their claims to wealth at the same time. It just doesn't exist. And maybe unprecedented scenario such as this demands people invest in a digital asset, but I see no reason to put your money into an intangible speculative asset. I would rather have physical assets if I were looking to minimize my exposure to the dollar.
And there is nothing stopping you from making another 'digital currency', or even a thousand of them. Do you trust that bitcoin is always going to be the preferred asset?
I believe the rise of bitcoin is in a large part because of the rise in shitcoins. Most of the shitcoins are purchased with BTC, so a demand is being created. I don't believe BTC will remain the preferred coin, and governments will step in before it gets too large. It could very well burst before it gets there though.