Crypto-Currency is Here to Stay! (and BTC will hit 40k)

Many of us are a little nervous (to say the least) about the future state of crypto-currency. Will Bitcoin continue its meteoric rise? Why is ripple still hanging around the .22 mark? The analysts are saying its a fraud, and so is Jamie Dimon from Chase. Alan Greenspan is saying it's no different than the greenback. A lot of scary things out there to keep people from investing.

However, remember that all of the people that are nay-saying crypto have a vested interest in keeping it out of the mainstream. They have all built their livelihoods around the banking institution, and crypto-currencies disrupt that. Alan Greenspan, former Chairman of the Federal Reserve. Jamie Dimon, current CEO of Chase (formerly JP Morgan). Investment banking analysts. All of them are tied to the current system that devalues our dollar and makes the bankers richer.

Speaking of the devaluing dollar, isn't it hypocritical to scream "Crypto-currency is fiat!" when our own U.S. dollar is fiat! Ever since we got off the gold standard, our dollar has been backed by nothing more than our national debt. This is why no money ever actually goes to paying off the debt, even when we ran a surplus under President Clinton. No surprise there. Meanwhile, they print more and more money every year, devaluing our dollar and causing inflation (the hidden tax on the poor and middle class). They don't want that gravy train to go away!

I firmly believe that bitcoin and the rest of the mainstream crypto-currencies will continue to see gains even when others are looking at a "market correction." People who are used to watching the stock indexes and analyzing those patterns are trying to analyze crypto-currencies the same way. It won't work. The crypto-currency market is not the stock market. Not even close. It is mostly growing purely by the law of supply and demand, which is how it should be, followed closely by how much acceptance it is gaining as a tool for the exchange of goods and services. As the supply of of not circulated crypto-currency drops, expect the price to keep going up, barring a ban or other government intervention.

So do your own homework, invest if it feels right to you, knowing that all investments have risk associated with them. But don't be scared by the people that are threatened by it. And no this: Crypto is here to stay!