20 years Is Wishful Thinking

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There have been a few articles lately about whether cryptocurrencies can replace FIAT within the next 20 years. I am in the opinion that 20 years is wishful thinking on the part of the ones who hold the power right now and that time frame will be a hell of a lot less. How long is the obvious question everyone is thinking of, but no one can be sure as that is like how long is a piece of string.

If we just take a moment and think back to the last bull run it was so different in many ways. Investors were after the quick bucks and the lucky ones got in and out. This time around many have been trading and buying into various technologies thinking long term through DeFi and staking. There are other options these days to keep you involved and not necessarily thinking about price as you are earning no matter what. I do believe the attitude of investors has changed in many ways as holding is the way to think right now. Large Corporations purchasing Bitcoin and putting them in cold storage has sent a clear message that crypto is here for good and it may be a while yet before the rest of the population see what we all see.

El Salvador announced using Bitcoin as a legal tender and what did we see happen straight away? The IMF and various organisations instead of helping are putting barriers in place to slow El Salvador down. The last thing they want is Bitcoin to become a legal tender as this opens too many doors and will no doubt be the start of the end for FIAT as we know it. This is going to take time but the end result will still be the same no matter how many obstructions are thrown in the way.

20 years is a long way off and looking at what we have seen happen just in the last 2 years even 10 years will seem like a long time to keep things quiet. The longer this goes on the quicker things will take place as more and more will slowly come into the crypto space. many of us have been in crypto for the last few years which makes our position quite strong as just stacking regularly should turn whatever we have into a decent nest egg. Imagine how many CUBS we can have in 10 years time and how many Hive and Leo we will have staked just by doing what we are doing now. I just don't see 20 years and even 10 years is a push as the dam wall will break at some point.

Personally I don't see a rush as I would like more of everything that I have before the floodgates open. We are still early and somewhat earlier than I first thought which is a good thing in many ways for all of us.

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6 comments
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Yes, crypto is still in it's infancy stage. Most of the world's brightest devs are still working for tech companies. That's not saying there aren't some geniuses in this space but....there is so much more brainpower that can be dedicated to this space that, once it starts sucking them in, who knows what will happen. But I'm pretty sure it will be big.

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the crypto space has so many smart people, brilliant minds. Crypto will eventually take over, it already slowly is.

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with everything happening in this world ...People will become more and more open to idea of crypto. It's already in the works of taking over.

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I think 10 years is a pretty reasonable target. The hesitation we have seen on the part of governments is not something that is going to go away. They like to drag things out as long as possible. I think/hope we are going to have plenty of time to keep stacking until they get their act together.

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