Much Talking, Game Changing" Bitcoin Predictions From Famous Author - News-Credit-Mortgage-Coin

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Thursday, October 1, 2020

Much Talking, Game Changing" Bitcoin Predictions From Famous Author

 



Andreas Antonopoulos, a popular Bitcoin writer and advocate, questions the idea that "an economic disaster could one day trigger a sudden boom in the Bitcoin and crypto market". Andreas Antonopoulos argues that when the global economy collapses, BTC will fall along with other assets. Also, the famous author adds that there is no mechanism to prevent Bitcoin from falling hard.


Andreas Antonopoulos: There is no mechanism to prevent Bitcoin from falling hard

Andreas Antonopoulos told Laura Sheen in her Unchained podcast that when the global economy collapses, BTC will fall along with other assets. Andreas Antonopoulos adds the following to his comments on the subject:


THE JOY OF DISASTER YOU SEE IN SOME BITCOIN SURROUNDINGS, "HOPE, THE ECONOMY COOLS, BECAUSE THEN BITCOIN WILL GO TO THE MONTH AND MY BAGS ARE FULL." IN SHORT TERM AND THE VICEVERSE…. IN SHORT-TERM, BITCOIN IS SELLING AS STRONG AS OTHER ASSETS, BECAUSE BTC HAS OVER-VOLATILE. THERE IS NO MECHANISM TO PREVENT HIS FALLING SO HARD.

Famous author: When the global economy collapses, BTC will fall along with other assets

Andreas Antonopoulos emphasizes that “an unprecedented injection of global liquidity has been made into the global economy in the last 10 years. Therefore, according to Andreas Antonopoulos, more and more entities have become associated with the current policies implemented by the Federal Reserve. Andreas Antonopoulos adds the following to his comments on the subject:


WEEKLY PHENOMENES ARE APPEARING LIKE "GOOD NEWS IS BAD NEWS", BUT IT IS WRONG. BECAUSE IT WILL MAKE THE WAY TO LESS WARNINGS. BECAUSE “BAD NEWS IS GOOD NEWS” BECAUSE IT WILL ENHANCE FURTHER WARNING… THERE ARE MULTIPLE INVESTORS AND FARMERS WHO HAVE MULTIPLIED INVESTORS AND CHARGES IN THE DUSTY CORNER OF THEIR PORTFOLIOS. THOSE WILL USE BITCOIN AND OTHER CRYPTO ASSETS AT DIFFERENT TIMES FOR THE SEARCH FOR PROFITABILITY… THIS SITUATION ACTUALLY CONNECTS BITCOIN MORE CLOSE TO ALL OTHER ASSETS, BECAUSE IT PROVIDES THE SAME INCENTIVES


Dan Held: We will see the effect of being a "store of value" material on the price of Bitcoin

Laura Sheen asked both Andreas Antonopoulos and the leader of the Kraken Stock Exchange, Dan Held, about "Black Thursday" in March, when bitcoin fell in value along with traditional assets amid the coronavirus panic. The incident prompted many analysts to question Bitcoin's ability to be a store of value like gold. However, Dan Held disagrees with the view that Bitcoin's short-term decline actually hurt its status as "digital gold". Dan Held adds the following to his comments on the subject:


THIS WAS A LIQUIDITY CRISIS AND WE SEE GOLD IS SELLING EXCELLENTLY AND GOLD IS A 4000 YEARS OF VALUE. ONE OF THE OLDEST STORES OF VALUE THAT STILL EXISTS USED BY HUMANOUS… DOES THAT MAKE GOLD A DEAD VALUE STORE AS GOLD IS SOLD? NO. IN A LIQUIDITY CRISIS, I THINK EVERYONE IS SELLING EVERYTHING THAT GETS HANDS TO BUY THE MARGER CALLS. THERE WAS A SERIES OF MARGIN CALLS WHICH INSTALLY TIGHTEN THE MARKET… WHAT WE SEE IN 2008 AND NOW, AFTER THAT MOMENT, MONTHS AND YEARS AFTER, PEOPLE STARTED TO PRICING THE INFLATION CONCERNS. UNTIL LATER, WE WILL SEE THE PRICE OF BITCOIN AS A MATERIAL.

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