It seems that we have daily reminders from those who despise #cryptocurrencies, for whatever reason or another. Some folks whine about the negative environmental impact of #mining coins, while others bemoan the lie that crypto has an inherent #gender problem. Both are lies...for now. Let's investigate.
Zero value for crypto?
The New York Post ran an article today about a billionaire who is adamant that crypto will soon be of zero value. John Paulson is the billionaire. He is the same individual who predicted the 2008 economic crash that shook the world's financial core to the proverbial bone. Okay, so he has that going for him. What else? Opinion. And he may be right, but certainly not right away! More later as to why.
Warren Buffet also despises cryptocurrencies, and he is one of the wealthiest men in the world. Buffet calls crypto "probably rat poison" and further states that he "never will" own any (Moynihan, 2021). All good. #Crypto is not for everyone.
But are these men on to something or not? Paulson stated: "Once the exuberance wears off, or liquidity dries up, they will go to zero. I wouldn’t recommend anyone invest in cryptocurrencies” (Moynihan, 2021). He cites crypto's volatility and the limited amount of coins for the reasons why crypto will go to zero value.
Frankly, I don't see a loss of value for cryptocurrencies anytime soon, but it is inevitable, because of one critical factor: God's word primarily, but other factors more down to earth. But first let us look at what is happening around the world and these factors.
Central bank digital currencies
CBDCs are on the rise. "Federal Reserve Chairman Jerome Powell has suggested the central bank could offer its own digital currency — possibly as a way of undercutting cryptocurrencies" (Moynihan, 2021). But Powell is behind the times, as other countries have already issued their own CDBCs.
"China announced the pilot programme for testing a CBDC" in of 2021, and, "other countries have begun to make the call to act. Now, the countries which are testing a CBDC to issue into public circulation include Sweden, The Bahamas, France, The Philipines, Japan, Turkey, and Switzerland"(The rise, 2021).
Cashless societies
There are also a growing number of countries who no longer have a preference for cash. These economies now have a majority of cashless uses or have a limited use of good old cash in hand. This number will continue to grow in the next few years.
Social credit score
Here's another warning. "190 countries" are looking to implement some form of social credit scores (New, 2020). What does that mean for you and me? It's not hard to ascertain, really, as China has already implemented it. Quite plainly, it is not only an invasion of privacy but worse, the ability to track every financial move you make, right to the peso or penny. Yikes!
In the most basic sense, this is the dark side taking control of our lives and how we either buy or sell. If you don't fit into the global narrative, you are punished. Say what? Ah, yeah.
China's social credit score "affects travel prospects, employment, access to finance, and the ability to enter into contracts" (Donnelly, 2021). In other words, it is oppression and tyranny, a total control of you and your finances based on your behavior.
One-world government
Perhaps Paulson and Buffet are spot on with their dismal outlook on crypto and its future. As for me, however, I'll look to the final arbiter of truth: God. Let's see what He has to say.
Even a cursory reading of God's word reveals increasing lawlessness. Satan, the Antichrist and the False Prophet are the antithesis of the Holy trinity, which is to say that Satan and his pals are the unholy trinity.
Both the book of Revelation and Daniel point to the fact that some kind of world system will be ushered in by the beast. We know it as the mark of the beast, as spoken of in Revelation. "One of the heads of the beast seemed to have had a fatal wound, but the fatal wound had been healed. The whole world was filled with wonder and followed the beast. People worshiped the dragon (Satan) because he had given authority to the beast, and they also worshiped the beast and asked, “Who is like the beast? Who can wage war against it?” (Revelation 13:3-4, NIV).
Moreover, "every tribe, people, language and nation” will be affected (Revelation 13:7).
Not only does the above-mentioned mark of the beast come into play, but with it a one-world currency. Check it out:
"It (the beast) also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name" Revelation 13:16-17, NIV). We know that number as 666, that is, a name that biblical scholars suggest is three names with six letters in each name.
Adding it all up
When one puts two and two together, so to speak, it is obvious that crypto will end by way of a combination of CBDCs, social credit scores, and the final one-world government and currency systems. Let him who has an ear, hear.
As for me, I'll continue with crypto investments while I am able, and I hope you will as well. We could be mere years away from worldwide CBDCs, and thus a step closer to the one-world government and currency system.
References
Donnelly, D. (2021, Aug). An Introduction to the China Social Credit System. New Horizons. Retrieved from https://nhglobalpartners.com/china-social-credit-system-explained/
Moynihan, L. (2021). Billionaire investor John Paulson: Cryptocurrencies will ‘go to zero’. New York Post. Retrieved from https://nypost.com/2021/08/30/billionaire-investor-john-paulson-cryptocurrencies-will-go-to-zero/?utm_medium=SocialFlow&utm_campaign=SocialFlow&sr_share=facebook&utm_source=NYPFacebook&fbclid=IwAR3qs8Qzx0ZiRKdJvsMcduyGYEKex06OTtqKvsHjcT9yO5j8O-RudBzeCmI
New Global Credit Score: 190 Countries Openly Seek To Track Your Every Move, “It’s black boxes all the way down." (2020, Dec). 100% Fed Up. Retrieved from https://100percentfedup.com/new-global-credit-score-190-countries-openly-seek-to-track-your-every-move-its-black-boxes-all-the-way-down/
The Rise Of Crypto: Countries With Their Own CBDCs. (2021). Coin Insider. Retrieved from https://www.coininsider.com/the-rise-of-crypto-countries-with-their-own-cbdcs/#:~:text=Now%2C%20the%20countries%20which%20are%20testing%20a%20CBDC,Which%20Countries%20Are%20Best%20Suited%20For%20A%20CBDC%3F
Great insight.