According to Forbes analysts, prices for Bitcoin, Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) will be on the rise for a long time. Investors will gain and lose wealth during this time. Eventually, some analysts say that these cryptocurrencies will die on their own or be killed by “organizations“. As a result, according to popular analysts, Bitcoin, Ethereum (ETH), Ripple (XRP) and Litecoin(LTC) will be caused by large governments and large banks defending the world’s dominant currencies.
Bitcoin makes a big promise to be the “people’s currency:: to be the first truly global currency, to get out of control of the central banks that print money and the big banks that produce loans. But to do so, Bitcoin must gain the trust of the “general public.
This means that national currencies should be adopted as an exchange, value standard and value store. Bitcoin, therefore, has to overcome many obstacles: awareness, lack of recognition and lack of stability, and so on. This has prompted some experts and analysts to be pessimistic about the future of Bitcoin.
According to Forbes analysts, without broad adoption, Bitcoin will continue to be a game for speculators and true believers and will eventually die on its own. But what if Bitcoin overcomes all these obstacles and is widely accepted by the general public and is in a position to replace national currencies – that is, to become a new currency?
However, some analysts and experts argue that “organizations em cannot allow this to happen. There are a number of reasons for this, including the loss of Seigniorage (simply, profit from the printing of money by national governments). Then there are profits that help banks to distribute this money and generate loans. Organizations will do whatever it takes to protect these profits from Bitcoin and other cryptocurrencies. Recent Congress sessions on the Libra point to the organization’s determination to protect the dollar from competing for crypto currencies. Democrats and Republicans, who seldom united, opposed the Libra and used harsh words for Bitcoin.