Hiya MG.
FULLY agree.
That 2nd point is what I fear most do not appreciate enough. My take is the Feds will slowly introduce a digital version of the Dollar and run it through some sort of blockchain super ledger. As it is tested in the RW and the public has time to adapt and adopt (2 VERY different things!) It will expand, including linking to other digital national currencies (imagine not having to have banks exchange your currencies while charging fees and giving you bad rates!!!).
In the meantime, for those who invest in private crypto, here is today's quote for Bitcoin:
https://search.yahoo.com/search?p=Bi...&ei=UTF-8&fp=1
I draw your attention to the 52 week price delta. If you bought at $8 grand you are still way up, but if you bought high $50k you have taken it on the chin. That sort of volatility speaks volumes to the sector at this point in time.
Over time (probably not my lifetime) hard currency will be all but eliminated. Plenty of privacy issues to be concerned about, but from the Fed's perspective, there are massive benefits in terms of data, security, and policing (how much more difficult will it be for organized crime to operate if there are very few cash transaction?! Those deals will stick out for sure!) It might kill the hobby too if SOs could trace all funds...of course, by then America might be advanced enough to legalize Sex Work.
:rockon: