The Undeniable Universal Acceptance Of Bitcoin: Even The Haters Are Starting To Doubt Their FUD
More And More Cryptocurrency Skeptics Now Agree That Its Integration Cannot Be Avoided
For a long time now, since the creation of Bitcoin, a lot has happened in the cryptocurrency sector. There are quite a number of cryptocurrencies and digital assets in general, being created and transacted daily. As many as the innovations and creativity have been, there are a lot of skeptics and unbelievers who still think that cryptocurrency will not succeed and some others who actually do not want it to thrive.
However, one very enthusiastic Bitcoin investor and venture capitalist is of the opinion that there is a serious certainty to the success of the cryptocurrency space. He also further added that the skeptics who do not believe in the progress of the sector would definitely come around to supporting and being a part of it when it inevitably becomes accepted worldwide.
Optimistic Opinion On Bitcoin
The capitalist who goes by the name Chris Burniske – a Placeholder Ventures partner – took to Twitter to explain his views on the matter. He posits that even though cryptocurrency is not a favorite with mainstream financial conversations, there is absolutely no doubt that it is at the forefront of the majority of people in the industry. Burniske, who used to be head of the crypto branch of ARK Invest, said that he meets people all the time who are still very optimistic about cryptocurrency and see it as the “next big thing”.
His tweet read:
“1/ In the last bear market, telling someone you worked in the #bitcoin industry still drew blank stares.
In this bear market, telling someone you work in #crypto elicits some kind of reaction, good or bad.”
Burniske thinks that a lot more people – especially the skeptics – are slowly agreeing on the importance and future dependence on crypto. He thinks that there will soon be widespread reliance on cryptocurrency when its adoption starts to spread significantly.
“So yes, the tech is still early & we have a long way to go. But the way in which the ideas are lingering in peoples’ minds is a great long-term indicator for crypto.”
On Bitcoin’s Unavoidability
Warren Buffet and Jamie Dimon are some of the big names who are noted skeptics of Bitcoin. They, along with many other people, believe that Bitcoin will eventually crash quite terribly. However, right now, there are many people who suggest that the framework of cryptocurrencies, particularly its decentralization, is very valuable and will not be ignored for very long anymore.
Travis Kling, founder of a crypto fund called Ikigai, has also said that Bitcoin will surpass everyone’s expectations and grow into a globally accepted financial framework that is decentralized, cheap, time-effective and immune to unnecessary external pressure. He also added that many governments who in recent times have made many debatable and problematic financial decisions, are only giving Bitcoin the importance and certainty it requires.
Unavoidability Of Cryptocurrencies In General
There is also the argument by many people that many other cryptocurrencies apart from Bitcoin could achieve certain inevitability. However, since cryptocurrencies still seem to be quite nascent in the eyes of the rest of the financial world, it might be difficult to make any serious conclusions on them.
Morgan Creek Digital’s own Anthony Pompliano took to Twitter to express his belief that after a while, regardless of how long it takes, every commodity that is able to be transacted, will have a digital token form. This includes all stocks, bonds, and all currencies.
Explaining this among other things, his tweet read:
“Every stock, bond, currency, and commodity will be tokenized.”
“ICOs are a horrible investment opportunity.”
“99% of utility tokens are nonsense.”
“Owning equity in infrastructure companies is ideal.”
“Bitcoin to the moon.”
“That’s my thesis. Never changed.”