When I do a Google search and look for cryptocurrency and prophecy, I get all kinds of doom, end of the world, and mark of the beast articles. The irony is that we have long since been using a system of electronic transferring of funds. The difference is that banks and credit card companies have been the middle men making the transactions for us. I guess it is easy for some folks to shun something that they don’t understand.

OK I admit, I’m no prophet, but I have an idea of how currency will take over in the future.

First, weak/unstable currencies will fall like dominos. Many 3rd world countries and places with economic turmoil struggle with currency fluctuations and live under a constant threat of their currency collapsing. Just look at what happened recently in Zimbabwe and Venezuela. The value of the currency there plummeted to a point where other stable currencies were in high demand. The problem is how to get access to substantial amounts of US dollar, Euro, or some other stable currency. Cryptocurrency has effectively opened up an alternate way to store and transfer value. And why not? It is likely that the cryptocurrency will grow in value. Both Zimbabwe and Venezuela have largely adopted cryptocurrency. Eventually other countries will start adopting cryptocurrencies out of necessity to the point where it starts taking over fiat currencies of countries with moderate economic turmoil.



Strong fiat currencies will get a boost from failing weak currencies. As cryptocurrency pushes weak currencies over the tipping point, there will still be a greater need for physical money. This will drive demand for strong fiat currencies which will boost value, but only temporarily.



Countries with weak currencies will lead the way for cryptocurrency adoption. Eventually it will take over at a very rapid pace creating a world wide desire to dump fiat for cryptocurrency. This will devalue fiat currency which will create additional pressure to switch to cryptocurrency.



Finally, Countries of each fiat currency will do their best to control inflation of their respective currency by printing less and raising interest rates. This will lead to panic in the stock markets causing a period of recession in stock market investing. Companies will still need to generate capital. I have a feeling that many companies will eventually raise capital by creating their own pseudo cryptocurrencies for investors to buy as an alternative to the stock market. I am going to call it “IBO” for “Initial Business Offering”. Sort of like ICO and IPO except that it is really a small ownership of the company and the value is based on the value of the company.



What can be done to prevent a complete collapse of strong fiat? The governments that back their respective fiats should create electronic currency that is the equivalent of their own currency. It will be controlled and monitored by the respective owning countries. The amount of supply will be controlled in the same way as their existing system. The benefit of government backed cryptocurrency is that it solves the problem of the government’s desire to monitor their currency and solves the problem of needing a solid stable cryptocurrency to trade with on the exchanges. For people that want privacy and no government control will always have plenty of other non-government backed cryptocurrencies to use.

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