RE: Over 60% of all Bitcoin Out there hasn't been moved for quite some time! by crypto.piotr

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Viewing a response to: @ocupation/over-60-of-all-bitcoin-out-there-hasn-t-been-moved-for-quite-some-time

hive-175254 · @crypto.piotr · Feb 25 '20

Dear @ocupation

Interesting choice of topic. 

I expect that printing FIAT money like crazy (which is happening now in USA, EU and China) will be main reason why price of BTC will reach new ATH. Mostly because fiat will be losing it's value and investors will be looking for different assets to run into with their wealth. Crypto surely will be one of those assets.

> If we assume that only 20% of overall debt ends up being shifted towards digital asset as a newly created value, one bitcoin would be priced around $2M dollars.

That would me massive. However 20% is not "only" :) That's actually huge number, don't you think?

> Worlds economy is slowly losing its ground and unconventional approach is a must, otherwise there is no end.

I've been wondering - let's say that we would all face inflation and devaluation of main fiat currencies. Couldn't then things go back to normal? Just like it happened in Turkey and Russia or Egypt not that long time ago?

Upvoted already, 
Yours, Piotr

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@ocupation · Feb 25 '20

> *That would me massive. However 20% is not "only" :) That's actually huge number, don't you think?*

That's massive numbers we are talking about, but many have been speculating on drowning around 40% of debt into bitcoin. That's why i said *only*

Things can't back to normal since there will always be elites accumulating everything valuable regarldess if we are talking about morgages, real estate, gold, silver, bitcoin. General masses will never have the word until they start understanding the concept of oligarchy. 

I asked myself the same question, especially while i was a kid. Why can't all debts simply be erased so the man kind can continue on progressing. Well, its not the way the world work, unfortunately.

👍 crypto.piotr

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@crypto.piotr · Feb 28 '20

Thanks @ocupation for being so responsive.

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@crypto.piotr · Mar 3 '20

It's me again @ocupation

I would need to ask you for little favour. Recently I've decided to join small contest called "Community of the week" and I desribed our project.hope hive/community.  Would you mind helping me out and RESTEEM this post - just to get some extra exposure? Your valuable comment would be also appreciated.

Link to my post: [on steemit](https://steemit.com/hive-175254/@project.hope/community-of-the-week-challenge-entry-for-project-hope-community) or [on steempeak](https://steempeak.com/hive-175254/@project.hope/community-of-the-week-challenge-entry-for-project-hope-community)

Thanks :)
Yours, Piotr

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