When will the value of cryptocurrencies rise? I’m talking about real, useful day-to-day value? When countries introduce state regulated CBDCs and our privacy will decline.
CBDCs promise faster, cheaper, and more efficient payments, on the other hand, you completely lose your privacy.
To date, countries that have issued their own cryptocurrencies include China, Ecuador, Senegal, Singapore, Tunisia. Estonia, Japan, Palestine, Russia and Sweden looking to launch their own national cryptocurrencies, some of these countries are likely to replace paper money.
Can CBDCs affects Bitcoin and othe Altcoins?
The issue that centralized and decentralized cryptocurrencies such as Bitcoin can be banned by central banks/countries, same as China has done, forcing cryptocurrency holders to move out of crypto into national CBDCs is real, but small. Mostly because it’s almost impossible to ban a 2,000,000,000,000 $/€ Market, when many big investors (whales) from Wall street are included in the game.
Today Crypto Market Cap: $2,495,129,415,354€2,066,074,564,933₩2,823,097,807,589,270¥273,327,527,780,426RUB 186,077,190,866,343CHF 2,266,239,605,726…
When the invisible hand, becomes, the visible hand
With the establishment of CBDCs, we will all lose the security it offers cash and that pseudo security offered by banks and payment cards. Suddenly the entire our financial history will be available to all who will be able to afford it. All financial data and personal data will be available to marketing institutions, financial institutions, countries, and intelligence agencies. All for our safety.
And here they come, cryptocurrencies, Bitcoin, Litecoin, Ethereum, Cardano, ZCash, Monero, Chia…lower transaction fees, operated by a decentralized (non-governament) authority, financial freedom…and much more.
It’s time to buy a bit of (even sell if you have too much) freedom. Buy Bitcoin and Litecoin. Euro, US Dollar, Bitcoin pairs. Starting soon with USDT pairs…trade on SPARTAEX.com.
If you think that today’s value of #Bitcoin ($55,800/45,630 EUR), #Litecoin ($357/295 EUR), #Ethereum ($4,150/3,440 EUR), #Cardano ($1.70/1.40 EUR), #BitcoinCash ($1,420/1,175 EUR),… is high, wait for the introduction of CBDCs.
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