There are many people who do not know how to buy Bitcoin. The idea of understanding BTC is not easy for many people yet. The current reality is that BTC is not for everyone. People need to know how to download the app and push the receive button. This is one reason for why many people are investing in gold. Also, it is not possible to preach Bitcoin hard.
Sydney Ifergan, the crypto expert tweeted: “Bitcoin is not appreciated as much as it should be by many. More people should get educated about Bitcoin. It takes more people and more demand to get the price going crazy high.”
The hope is that Bitcoin will help all people without access to their bank accounts or other kinds of oppressive governments. Some of them think that it is going to be interesting to see what might happen to Bitcoin value, if the FED will be shifting to Monetary Policy 3. They are waiting to see what will be triggered with Modern Monetary Theory and Inflation.
Bitcoin has a young history and there is a lot set to happen in terms of acceptance. The first step is to try to understand Bitcoin as opposed to blind prophecy.
Peter McCormack, in an attempt to trigger a wider thought opines it is important to Identify how the money system is broken, sell the benefits of the gold standard, understand why everything changed after 1971, bring back the gold standard, and to further look on to see if we have this thing, which is better than Gold.
Nouriel Roubini, have argued that Bitcoin is a Bubble, which is set to pop and disappear. He reasoned out the same saying that it does not have intrinsic value, called it a speculative asset, and created concepts for buyers like a greater fool willing to pay a higher price.
It is important to debunk the many Myths, which revolve around Bitcoin. Rather than blind criticism, it is important to look at constructive criticism. Naysayers might not look in to the actual potential. It helps to do a comparison between Bretton Woods, Classic Gold Standard, and Bitcoin. Experts have published numerous content about the comparison between Fixed Exchange Rate, Free Capital Movement, and independent Monetary Policy. The publication by Yassine Elmandjra is worth the read.
It is not uncommon to see traditional financial institutions dismissing the capabilities of Bitcoin as Stale, whether by improper analysis or hard arguments, which might not really make sense.
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