16% of American's have traded or used a crypto to buy something? That's huge even if most of it is people opening a coinbase account to trade $100.
That's when it's time to call ... The Crypto Police -- 1-800-Blockchain Then, take them to I'd also be interested in knowing the real answer from our crypto experts.
I'm confused at this poorly written article. Let's ignore all the black this and black that and latino race-garbage. There is already a 16% adoption by Americans for an asset class that didn't even exist until after the financial crisis, and the article acts as though adoption is going slow? What kind of Ken Lay crack is the writer smoking here? Considering the average US public still feels they can not purchase this easily enough, or safely, and America keeps falling behind the times being the only Western nation soon that doesn't even have a crypto spot ETF... isn't 16% good enough?
Any smart person would have to see that belief in fiat has to be more magical. Throughout history, money has always taken the form of something that is rare. Shit, even paper money was more rare because it actually required some work to print it. But given that the FED just magically makes trillions appear with a simple key stroke, its the shittiest form of money there ever was. Consider how high the debt is, and consider interest payments. Then consider a rising interest rate environment and you see that there isn't even enough tax revenue to compensate for this big increase in interest rate costs. Of course if the government prints more money to pay for the higher obligations, well, that just makes inflation worse, and the rates are rising in order to bring inflation down. There is literally no way out of this spiral. So now tell me how stupid do I have to be to believe that governments with their magical fiat will save the day?
The FED clearly states 2 mandates, full employment and stable prices. Whether you have a job or not is because of their policies. If you are a home owner or not is more than likely a result of them setting interest rates. Affording to buy food of going hungry means being at the mercy of the FED. The worst thing is that by artificially setting these prices, versus letting the market dictate prices, they are driving the economy down a road while completely blindfolded.
You spoke the truth... We're at the stage of Bitcoin and cryptos adoption when they fight you (First they ignore you, then they laugh at you...) You see the after-hours news on Michael Saylor (and Microstrategy)... A message is being sent and that possibility was discussed in a Blockworks video from over a year ago It is what it is... Bitcoin and crypto assets are global. Dubai, South Korea, and others will be happy to take the business that may get pushed away from the US or Canada or others