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Nov 21 Jamie Dimon and Warren Buffett Have the Last Laugh on Bitcoin Bloomberg 4,554 Nov 21 Cryptocurrencies are about to become worthless Independent 4,554 Nov 21 Crypto Bubble Went Bust for Good m 4554 Nov 20 Victims of bitcoin insanity are quickly piling. In this bitcoin up lviv construct, BTC becomes the de facto payment means for all types of transactions like mortgage payments, import duties, etc. If the catalysts turn out to be strong enough, we could be looking at coins whose valuations will rise into trillions of dollars, similarly to what happened post the initial m bubble crash. Why would Warren Buffet or Rockfeller invest into a competitor to its banking system? At this point, its a fools errand to guess. Central banks softening up and investing some of their holdings into Bitcoin or other currencies, maybe even accepting Ripple or a similar interbank payment clearance system could also be important. As the market cycles go, after Bitcoin and the larger currencies explode, investors will start investing into lesser altcoins in an effort to find the next big thing. This will have negative effects on the market as a lot of money will end up in the pockets of bad projects, similarly to what happened during the 2017 ICO-mania (and is still happening but to a lesser extent).
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