December 18th, 2017 9:00am
With all the talk and speculation going around about the banking cartel/NSA/CIA creating Bitcoin and why, a recent article posted on CoinDesk featuring Eugene Estebeth, created some intrigue.
Eugene, is a former central banker with the South African Reserve Bank. There, he notably chaired the virtual currency and distributed ledger working group. He claims Bitcoin, ether and zcash are nowhere to be found on the list of eligible instruments and currencies that central bankers are allowed to trade. But in 2018 things will be different. G7 central banks will start buying cryptocurrencies to bolster their foreign reserves.
It sure sounds like the cabal had nothing to do with it. Did the bankers really have no hand in the creation of Bitcoin? Either way it sounds like they are admitting to the move into the cryptosphere next year. This in a nutshell will bring even more validity to the space for skeptics who think it's all about black-market nefarious bubble popping bullshit.
Institutional money is the second wave on a three wave progression and with the banks, wall street etc. just coming aboard, huge investment opportunity still waits in the wings.
Mass awareness, phase three, will roll out in the next couple of years. Cryptocurrency is still a ground floor investment opportunity. Mass public adoption will create a panic and as the drama unfolds those who got in early will reap the rewards.
A coin is a cryptocurrency that runs on it's own blockchain.
A token is a cryptocurrency that operates on top of another cryptocurrencies blockchain.
©2018 T3 – TELL THE TRUTH