Gold, Bitcoin and the Blockchain Replaces the Banks – Realists Guide To The Future
By: GoldCore
GoldSeek.com
Wednesday, 27 December 2017
– Futurist guide to 2028 shows a world of uncertainty and disruption
– One scenario suggests cybersecurity attacks will result in bitcoin and blockchain’s dominance of financial systems
– Cybersecurity threat will still loom large and wreak havoc. Gold, silver and other real assets will benefit.
– Adoption of cryptocurrencies and blockchain will send gold price soaring
– Use of cryptocurrencies to take advantage of world systems will see investors turn to safe havens such as gold bullion and coins
The media is filled with predictions for 2018. Will Trump survive another year? How will Brexit negotiations play out? Can bitcoin recover from its recent fall? What fake news will create the next disruption to the apparent status quo?
No one knows the answers to any of theses questions. If the past year to eighteen months has taught us anything it is that the polls and predictions are almost a waste of time. Arguably it is better to look further into the future and at a range of scenarios so one can consider the opportunities and threats that may lie ahead.
Bloomberg has done just this, with their ‘Pessimists Guide to 2028‘. In it the authors consider eight scenarios. Each scenario could very easily begin to take place in 2018, but the full impact will play out over the following decade.
The scenarios put forth are:
Scenario 1
Trump wins second term
Scenario 2
Fake news kills Facebook
Scenario 3
Bitcoin replaces the banks
Scenario 4
North Korea launches an attack
Scenario 5
Corbyn makes socialism great again
Scenario 6
Generational Warfare Destroys Europe
Scenario 7
China begins a trade war
Scenario 8
Electric Cars end the oil era
Below we bring you the Scenario 3: Bitcoin replaces the banks
Each scenario is deserving of attention in its own right but it is the third one which we believe is the most pertinent and arguably realistic. This is the assumption that bitcoin will replace the banks and gold will benefit. Arguably gold would benefit as a result of many of the scenarios put forward. But, given the interest in bitcoin this year it is an important reminder that both bitcoin’s growth and weaknesses will see gold and other real assets shine.
2018
A U.S. regional lender announces that its systems have been taken down in a cyberattack and all its deposits have vanished. Regulators around the world reassure account holders that their deposits are safe. Bitcoin jumps to $40,000 as deep fears set in about the safety of the financial system. Gold surges too, but by less.
The Rest…HERE
