MY Thoughts of BITCOIN and CRYPTOCURRENCY

Hello EveryONE; and Happy New Year;

It seems like CRYPTOCURRENCY is back in front headlines with BIG Numbers. Yes, it is back with lots of promising a bright future and with a srustration and desappointment at some point.

Here is my thoughts for 2021 Cryptocurrency; Again I am not a profestional Crypto Analyst, I just had a thought that I want to share. So let's dive in ...

What is behind the BITCOIN SURGE in Price ?!
You know that goverments arround the world where fighting bitcoin and other altcoins because they are hard to track because of the characteristics of hiding identity. Here is why Crypto Exchanges ask for KYC in order to verify accounts. This is a way to try regulation CRYPTOS. BUT; Again Why is the surge ????!!!
ANSWER: it is bussiness, since COVID-19 destoying ECONOMMY everywhere, there is a must to put people to find an alternative to the DOLLAR as a reserve FIAT. SO goverments like USA allowed institutional Investing in BITCOIN Like PayPal. With consideration of KYC to be confirmed. BITCOIN will be bought/sold and traded on the same platform, but will not be used to buy things as an alternative to real FIAT. BITCOIN will be a Digital GOLD for RESERVING puroses only.

WHY war on XRP ?!
XRP is a blockchain technology that aims to facilitate the transfer of money overseas with banks more fast and secured. It will replace the SWIFT system that is now running. So, XRP will be not available for PUBLIC it will be for BANKS and Financial Institutes only. This is WHY XRP is being LAWSUITed.

WHY WAR on Privacy COINS ?!
Again; the main characteristics of CRYPTOCURRENCY is the ability to hide identity of the whole transaction. Privacy COINS even go further for PRIVACY like monero, which is the hardest to track CRYPTO. De-listing Privacy COINS from Public exchange is to regulate CRYPTOCURRENCY to be implemented with Governmental Control.

So, I wish I made my point clear, the year 2021 is the year of CRYPTO to become officially implemented everywhere as a DIGITAL GOLD and as an alternative for FIAT at some point, and this is why GOVERNMENTS track down Privacy ALTCOIN and Squeezing XRP markets along with HUGE BITCOIN investments.

I wish you a Virus Free Happy New Year with more Finance Liberty.
YOURS,
QTEZ,