The never ending rivalry between BTC and traditional banks.

in GEMS2 years ago

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Greetings to all my dear readers and followers of this platform, this time I will be addressing an information that many of us already know and that is the rivalry that exists today between cryptocurrencies and private banks and / or government. As is well known, the main cryptocurrency is the BTC, seconded by a large number of assets with great potential and that have put the traditional market in great trouble.

The arrival of cryptocurrencies undoubtedly revolutionized the world economy because its main feature, which is decentralization, put in check the different world banks such as the Central Bank of Europe and the Federal Reserve of the United States, they had the world hegemony with their economic power. Banks have lost prominence because this decentralization allows each user to have control of all their assets unlike traditional banks that limit users in the disposal of resources.

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The BTC is the definitive separation of money and the state, the archaic system of fiat money, the banks have all the control over monetary policy, in addition to the issuance and circulation of money and even its value is in the hands of politicians. It is important to mention that there cannot be more than that amount of BTC and for this purpose a mechanism called HALVING is applied, which makes less and less BTC to be issued.

This is a struggle between two very different models as you could notice above, each user decides where he wants to keep his resources, the blockchain has taken giant steps towards the new digital economy and although the cryptocurrency market has been vilely attacked by these powerful countries and banks that have seen how their economies have been destroyed by their own hands, the market has been able to withstand all this attack and has remained solid, of course with many difficulties but always firm in its purpose which is none other than being the market that moves the world economy.

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