Quote (Saucisson6000 @ Jan 7 2021 07:58pm)
500k and i eat my dick on national television, horrible moron :lol:
I dont think BTC will reach $500k in this bull cycle, at most $200k, but I'm pretty sure we will reach $500k possibly in the next bull cycle for sure. By then the most common pairs will be BTC/(gold pegged crypto). Gold pegged cryptos will be the new stablecoins in the following years. The USD (as well as most of the fiat currencies) will become so weak, that USD pegged stablecoins will lose their "stable coin" status due to lose in confidence in that currency.
The new stablecoins in the following years will be gold pegged and even silver pegged coins.
The only fiat currency I see becoming the world reserve fiat currency will be the chinese yuan because they managed to fuck everyone up last year and their plan worked. I wont get into details because that's another subject and I'm not in a mood to explain anything anymore. Everyone believe whatever they want.
But this is what coming for the next 10 to 20 years:
USD losses a lot of value and confidence and loses its world reserve currency status. Chinese yuan replaces the USD.
BTC becomes digital gold (with its bull and bear cycles of course) and gold pegged coins become the new stablecoin in the crypto market.
Ethereum becomes the main network for financial institutions and decentralized finance too. Especially with eth 2.0 in the following years and EIP 1559 (google and youtube that I'm not gonna explain it).
This post was edited by Golden_Order on Jan 8 2021 07:48am