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RE: Question to you: Will governments and big banks beat down Bitcoin in a similar way they have been manipulating down Gold and Silver?
You bring a good point, big deals will soon be made in cryptos... It would be interesting to see oil bought in cryptos... Interesting times...
Also, many governments have legalized Bitcoin, for example... https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
Venezuela is trying to make the crypto work for oil.... if OPEC did this as an organized move, then it'd probably work (and send the USD into a death spiral).... but not when only one nation who has zero credibility in terms of finances.
On OPEC, I fully agree, time will tell. On Venezuela, I also agree, good luck to Maduro. I am not planning to buy any "Petro"