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Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"
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[quote=Anonymous][quote=Anonymous]Random youtubers create their own cryptocurrency. Their followers spend millions on the "coins". What problem is this solving, and why is this a good thing? https://www.bbc.com/news/articles/c89xvjkzzyvo There are over 100k different "scam" tokens out there: https://www.securities.io/5-worst-rug-pulls-in-crypto/ Lots of red flags in my finanicially risk-averse mind.[/quote] When super powers promote and support it, and millions of followers buy it, transact in it, the new “coin” becomes an alternate reserve currency. Bretton Woods applied to USD and was ended. But if you think of it in abstract terms, anything can be used as trading tool - it’s only a matter of conventions and regulations. Because bitcoin is deregulated it will gain traction, imho. The only thing that I personally think would happen is one or two tokens will be commonly used and others will bust/disappear [/quote]
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