Money Printing Country's are Fueling Bitcoin's Rise as the Internet's Trillion Dollar Global Currency

What will happen if Bitcoin (BTC) becomes an internet currency?

If Jack Dorsey's hopes were to come true and Bitcoin (BTC) became an internet currency, there would be a lot of changes in the world as we know it.

There has been a lot of speculation regarding the future of cryptos, and Bitcoin especially. Both the investors and crypto enthusiasts alike wish to know what to expect, and what are the possible consequences of the mass adoption of cryptos.

According to Jack Dorsey, Bitcoin has a potential to become the currency of the internet. If this happens, BTC will be able to directly target an $8 trillion large market in the industry of e-commerce. At the same time, the countries of the world would be going through a severe crisis, and most of them would immediately start printing large amounts of money.

Bitcoin To Achieve World Domination?

Believe it or not, yes. Over the course of the past week, cryptos have been losing value, and that includes nearly all coins, not just BTC. However, this has never meant that the people will simply lose interest in the coin, or that it will become worthless. Over the years, price drops like this have happened numerous times, and it is all simply a part of a cycle.

The price drop was influenced by movement in an old wallet filled with Bitcoin, and everyone started selling their coins while expecting a BTC dump to kill the coin's price. By overselling BTC, the investors did the price-killing themselves.

This sort of events are in no way limited to the crypto market, and the same happens to national currencies, traditional stock market, and even entire economies.

According to Jack Dorsey, the world will eventually come down to a single currency, and the same will happen to the internet. He believes that Bitcoin is this very currency. Of course, none of this will actually happen overnight, and it will likely take anywhere between 5 and 10 years for BTC to actually achieves this form of world domination.

This is actually something that the entire crypto community has been hoping for, and expecting to happen, ever since Bitcoin was first launched 9 years ago.

Other Side Of The Coin: The Crisis & Massive Money Printing

In a new interview, the co-CIO and founder of Bridgewater Associates, the biggest hedge fund in the world, Ray Dalio, commented on this saying that such an event would have severe consequences. The new crisis won't be the same as the debt crisis, and it will grow much slower. However, it will also have much larger social implications.

The situation will only become worse and worse, and numerous countries will start printing large amounts of money. As the time continues to progress, the economies of the world seem to be failing more and more.

With a threat of a new financial crisis coming towards us, Bitcoin might actually be the best way to prepare for it.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,468FansLike
2,795FollowersFollow
4,235FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI’s Andre Cronje isn’t Going Anywhere; ‘This Space Won't Get Rid of Me'

Andre Cronje, the guy behind yEarn and the popular YFI, is not leaving the cryptocurrency space any time soon, at least, “until there is...

Crypto Mom, Hester Peirce, Secures Second Term as SEC Commissioner Through 2025

The US Securities and Exchange (SEC) Commissioner Hester Peirce, aka “Crypto Mom,” has been confirmed for a second term that will last till June...

yEarn Expanding its Ecosystem to Bring in Hot DeFi Tokens into the Mix

DeFi craze continues to get hotter as the system grows. yEarn’s zero supply valueless token YFI climbed to a new high today at $5,300 and...

Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the...

DEX Leader Raises $11 Million in Series A Funding for Uniswap V3 Following an Explosive Month

A popular and widely used decentralized exchange (DEX) Uniswap has raised $11 million in Series A funding led by Andreessen Horowitz with additional investment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today