Max Keiser makes an interesting prediction in this recent article/interview:
Article:
https://www.ccn.com/max-keiser-peopl...enging-bitcoin
Interview:
https://www.youtube.com/watch?v=OETgltmnJgE
Quote:
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The hash wars will be played out on a state level and that’s what will take us to new all-time highs.
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That's a scenario I hadn't considered until now.
Since governments can not stop or control cryptocurrencies, it makes sense that they will likely try to compete for cryptocurrency dominance instead. As the global economic situation worsens, there will come a tipping point where fiat inflation will greatly accelerate the flow of wealth into cryptocurrencies, further devaluing fiat currencies (just as it is already doing in some countries). Governments and central banks will want to prepare for that by moving much of the fiat they control into cryptocurrencies. But before they do, they will of course want to ensure that no other organisation or nation has hash-rate dominance.
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Mark
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2002 FE S8 Ebony Black Pearl
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