2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 409.23

-1.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (168779)	2/21/2021 7:19:37 AM
From: Horgad	Read Replies (1) of 219082

I don't disagree, but want to note that the threat from bitcoin to the dollar comes not directly from corporations jumping in or the price going through the roof, but rather from transactions increasing. One will most likely lead to the other, but at the moment bitcoin transactions are minuscule compared to dollar transactions. So I think there is some yet time for the dollar to fight back... 125.5 million credit card usages a day in just the US in 2018 (so not including dollar transaction around the world, cash transactions, bank transfers, paypal, and all other forms of making dollar transactions.) versus 350 thousand bitcoin transaction a day world wide and the vast majority are likely just trading and not actual purchases References: creditcards.com charts.bitcoin.com So the question is how long will the US wait to start fighting back...when bitcoin hits 25 million transaction a day or 50 million or 100 million or ? Which may not happen until after Visa, Mastercard, PayPal etc. have made bitcoin based transactions available to their customers...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next