Dear Reader,
Several countries are making an attempt to ban certain Bitcoin activities and transactions.
This naturally influenced Bitcoin's price and Bitcoin and other major cryptocurrencies' prices went down in the last two weeks.
I doubt that governments will outlaw Bitcoin and other cryptocurrencies. Cryptocurrencies transactions and profits increase the financial pie on which governments can collect taxes. Via Bitcoin money transfers and remittances governments collect more taxes and thus have more money to spend for their policies. Many people who have never invested in financial assets have entered the investing world by investing in cryptocurrencies.
I forecast Bitcoin's price will reach 100 000 USD in the next 3-5 years.
Bitcoin just provides too many efficiencies and is part of the artificial intelligence lead fourth industrial revolution.
Disclaimer: The blogposts and comments on this blog and posts on social networks(Twitter, LinkedIn, Facebook etc.) are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is".
Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blogposts on this blog and posts on social networks.
Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
Respectfully yours,
Petar Posledovich
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