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Re: Implanting post# 5864

Wednesday, 06/21/2017 3:09:33 PM

Wednesday, June 21, 2017 3:09:33 PM

Post# of 19215
My take on bitcoin and other crypto currencies is that before this year they were too small and obscure for governments to take much notice of. Eventually some government is going to try to regulate these because they can be used for tax evasion, money laundering, buying illegal things ect.

I think the appetite for the crypto currencies are just a foreshadowing of what will happen with gold, when the big money starts looking for an alternative to fiat currency. 115 billion total market cap for all cryto currencies is still pretty small compared to the bond market, gold futures, Forex, ect. Just in the London gold bullion paper market there is $240 billion traded daily, where the Forex market trades over $5 trillion daily.