Dollar Vigilante Convinced of Institutional Money Exploding Crypto Industry as BTC Bottom Nears
Dollar Vigilante or Jeff Berwick is a self-proclaimed skeptic of the traditional US fiat system. He recently had a sit down with an upcoming crypto centric media outlet known as BlockTV to discuss his views on BTC’s future outlook. For those that know him, it should not come as a surprise to learn that he had a very optimistic outlook for cryptocurrencies.
According to Jeff, 2018 was a year when the cryptocurrency universe hit rock bottom. However, 2019 should be a good year as the cryptocurrencies prepare to explode. In a shorter version of his interview with the media outlet, he noted that bitcoin, which has for years been seen as a great way of encouraging people to become their own banking agents is renowned as being a non-intermediated currency.
— BLOCKTV (@BLOCKTVnews) January 9, 2019
This is as opposed to the many numbers of times that it has been linked to, and touted as being a great asset for criminals. Jeff believes that this might be the year that this cryptocurrency finally gains noteworthy traction.
He went on to explain it in the datum that it is possible today to store private keys in your memory, as opposed to leaving its control to banks and other government agencies that may actually help it become bigger than it actually is at the moment. He is convinced that when people fully understand its potential, the cryptocurrency will become a big hit to people of all walks.
BTC Is Still Infantile
Despite the fact that bitcoin recently celebrated the anniversary of its first ever block, this fiat skeptic still believes that cryptocurrencies are still in their infantile stages. Sticking to this perception, Jeff went on to add that even though many crypto skeptics have started to cast them off, there is still more in the offing.
Jeff is one of the few crypto insiders who still believe that the last boom which saw BTC reach a new level of 20,000 dollars was just but a small highlight of things to come. According to an evaluation given by Angel Versetti, Ambrosus CEO, the actual crypto bubble will take place when BTC finally reaches a total valuation of either $15 trillion or $20 trillion.
As was the case with Versetti, Berwick was quick to point out that the tech development behind cryptocurrencies will at some point prove to be a game-changer. He went on to state that no single person will be able to come against an idea whose time has already come, especially for an idea that will be able to keep the control of currencies out of central banks and government agencies hands.
Based on previously published reports, it could mean that this idea has already started to gain traction. TIME Magazine is on record lauding cryptocurrencies, specifically bitcoin as the ultimate way to allow the average individual access to factors that have previously been illegalized by entities with an authoritarian nature. This is a thematic development that will only continue to develop in the coming years as governments find it harder to control their jurisdictions.