finally admit? I do apologise if my responses are not landing fast enough for you. As regards 'admitting', you mean I expressed an opinion? lol
that you agree with him that bitcoin has a good chance to be the world's next reserve currency.
I didn't and he didn't. I said talk to me if/when Bitcoin reaches a trillion dollar market cap. maybe it might be a contender - but pointless spending time talking about it until then. It appears to me that Sharma is taking a similar view. All he is expressing is that in principal, Bitcoin has the potential to fulfil such a role - but until it A. becomes less volatile (which he talked about and he sees as likely) and B. starts to expand market cap.) then I don't see it as a realistic option. That Duke is what I said.
With the leaders of 3 billion people calling it an utterly worthless make-believe and everybody else in authority (except Bukele and whatever dude is in charge of the CAR) saying it has a very good chance of going to zero, that is one heck of an act of faith, on a par with any other cults' fantasies.
China says internet bad. China bans internet. China tries to suppress internet. Internet succeeds in spite of China.
China says Bitcoin bad. China bans Bitcoin. China tries to suppress Bitcoin. <Bitcoin will succeed in spite of China>
Now, last time I checked, there weren't 3 billion people in China. So you seem to be throwing the US in there as well - and maybe the Europeans. So lets talk about that. Has the US banned Bitcoin, Duke? Has "everyone" in authority in the US said Bitcoin is
utterly worthless make-believe?
The debate is ongoing on Bitcoin and crypto from a regulatory perspective - practically everywhere - but including the US. And it has a few years to rumble on still. In the US, there are a broad range of opinions - some like Liz Warren who would be the stuff of wet dreams for you on the subject of bitcoin/crypto. There are also a whole host of people 'in authority' who take a view that I've no doubt would turn you apoplectic. People like former CFTC chairman Chris Giancarlo, current SEC commissioner Hester Pierce, Former state treasurer and Wyoming Senator Cynthia Lummis. That's off the top of my head - there are many others - including a whole list of Congressmen and Senators.
There have been a whole series of hearings in both houses where a whole host of representatives have acknowledged the innovation that is implicated here.
That's in government - we get to the financial world - and there's a longer list.
But misrepresent all of that if you'd like.
that is one heck of an act of faith, on a par with any other cults' fantasies.
lol. Well, when your views are 100% ideological and 0% pragmatic, I'm not surprised you come out with this sort of tripe.