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RE: Facebook COIN,to be announced during Consensus?
This could also result in BitCoin being subject to a hostile takeover by parties that might consider it in their best interests to damage the value of BitCoin. Driving the prices of certain commodities down is something that has been done for years... It might also result in reserve bank(s), certain governments, or alphabet agencies, owning a majority share in BitCoin...
Or we could see all securities moving into tokenization wich is what ,Novagratz and O`leary believe is going to happen in the next 5 years,People have no Idea how Much derivatives are all there.Remember The Dolly scandal?Securities are a SCAM.
Either way, BitCoin trading on the stock exchange isn't necessarily necessarily a good thing.
And if BitCoin goes as high as some are suggesting ($100K+) then governments would likely legitimize BitCoins as a currency and tax those who invested in them - like they tax those who invest in any other currency or commodity.
That's normal and necessary, Fx used to be 40% tax now is much much lower.same goes for stocks.Adoption comes with regulations.Plus in Japan Bitcoin is already a legit currency
Japan is but one country.
And call me cynical, but any currency with a mere 21 million units in it is going to be waaaaaaay too expensive for most people to use.
I fear the ship may have already sailed with BitCoin. I didn't get on board in time. Can't be helped...