The Currency Analytics
By Steven Anderson
Bitcoin – Will it destroy the Monopoly on Money?
Pierre Rochard tweeted: “Bitcoin is a global phenomenon with millions of participants.
All the countries are printing money. One of the tweets narrates and exaggerates, stating, “Federal Reserve just printed $3.4T. European Central Bank just printed $1.3T.
The printing of money by different countries now makes it clear as to why Bitcoin was created in the first place. And, now it is possible to buy Bitcoin with money!
The theory of money without masters, rules without rulers, and freedom without fiat is coming to put itself to test. This was a situation that many were looking forward to.
Sydney Ifergan, the crypto expert, tweeted: "Investors are buying Bitcoin BTC with what they can afford.
Some kind of momentum has hit the bitcoin market.
The internet has put an end to the monopoly on information. And, we will know very soon if the Bitcoin will end the monopoly on money.
Exchanges are also now getting pumpers and bashers trying to influence the market direction.
The Federal Reserve System seems to be completely broken down. They have announced the establishment of a temporary FIMA Repo Facility to help support the smoother…
Whether everyone will start using BTC to buy anything and everything like stocks, bonds, mutual funds is a different thing, but one thing is sure a Paradigm shift is coming.