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@mykos
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3 min read

Oh here comes the skeptic lol.... Well i actually worked on wallstreet and seeing they are really who's been responsible for btc's latest success i'm going to go back to my early wallstreet mindset and see what i'd say about btc if i were still there.

Here's what i would say i'm beamed back there now lol. I'd say the same thing about bitcoin i'm saying now. Bitcoin is dinosaur technology everyone got comfortable with. Now as you mention in your article it's about the long term view of bitcoin not the 6 month to a year view of btc.

Btc is not congruent in my opinion with any future blockchain tech beyond 5 years. Now the infrastructure of btc is out there in which it will serve as a base pair for any successful blockchain project for a good time. However, i think the mistake everyone making is that btc will just get a pass on always being reliable technology in the future.

I don't think thats the case 5 years down the road. I think from an energy consumption category btc is going to be proven to be more useless and energy inefficient than many believe. That's going to be a terrible future crypto model and i don't think brand effect or network effect will be enough.

Now i see btc going to about 15-20k this year.. that is because with the crackdown in china i believe there is a corelation between lack of mining production in china and the price of btc. You'd think it would be the other way around. Now its less mining facilities less production so the price is more.. Nope only in btc would the opposite be true lol.

There is no way in my mind that btc is the model of teh future .. that it is a brand of trust in any possible future.. there are far too many make sense algos coming out that i believe the next decade is goign to be like no way is it going to be bitcoin i think they going to turn against it. It's many reasons it makes sense for them to do that.

First off the governments will become much more fearful of btc as teh price goes up and these attacks on btc are at this point miniscule and its already going down imagine when the real attacks come and everyone is against btc .. every country and thats going to happen then people going to prison that negative pressure is going to cause the price to go down.

Now blockchain tech will exist but i'm going to tell you how its going to work. It's going to work more like a hybrid of centralized entitites that report to the govt that get audited where you will deal with less theft of money and inflation but you won't skirt around any government regulatory bodies .. the projects that do won't have much of a chance. There will rise up these type projects like i'm speaking of. Like you'll see projects like bitcoin myk the most successful which his why i created it i.. i already analyzed everything that is going to happen. I"m more than likely going to be correct.

You're going to see these tokenized like social media sites that report to the govt through some centralized hub and those are going to be successful. This dream of btc totally outside the govt and the system is just that a dream. We'd have to destroy the entire united states and china altogether for that to occur. That is a dream that only a crypto anarchist could dream up thats not going to come true unless a nuke goes off and we do have some apocalyptic society still able to use tech and function to a degree. it wont be btc in 5 years i don't believe it. .i don't see it possible in the least.. i'm shocked its gotten this far but i don't think its going any further.. I don't think china trust btc for the most part .. i don't really know who created btc it could be the cia or some govt group but if it is they wont let btc get but so far either way and if they using it to trap other nations and rogue nations etc., those guys i think they smart enough not to participate.. so i don't see it i call for a 15k btc at its lowest for 2021.. and more than likely will sit in the 20k range so i'm looking for a huge dip in your positions.

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