Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
Umesh Revankar Of Shriram Finance Speaks On Steady Q3FY23 Performance | Business News February 8, 2023
Missouri man who killed 4 executed despite innocence claims February 8, 2023
Pelosi says this is the real reason GOP members were heckling Biden February 8, 2023
Coinbase Insider Trading Scandal Rocks Crypto Community – Former Employee Pleads Guilty February 8, 2023
Maersk forecasts plunge in profits as container shipping boom ends February 8, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Crypto

Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow

Staff by Staff
December 12, 2022
in Crypto
0 0
A A
0

Despite the ongoing bear market, Jan3 CEO and Bitcoin (BTC) proponent Samson Mow believes that the leading cryptocurrency could reach the $1-million-price benchmark in the next five to 10 years. The collapse of major fiat currencies will be a major catalyst, which he said can “happen very rapidly” and “are not anticipated.”

”It just sort of happens overnight, and then you are shoveling cash into a wheelbarrow,” he said in a recent interview with Cointelegraph.

Mow made his prediction while commenting on the current state of Bitcoin adoption in El Salvador, about a year after it was adopted as a legal tender. Mow said he sees El Salvador’s move as an overall success, despite the relatively low usage rate and uneven availability of Bitcoin payment infrastructure in the country.

“You’re basically recreating traditional banking infrastructure in the country. So, it’s bound to take some time, and it’s bound to have uneven deployment,” he said. 

According to Mow, Bitcoin’s high volatility is among the reasons why El Salvador’s citizens still rely on cash to get by in their everyday lives instead the cryptocurrency. Mow sees it as a temporary problem, as volatility is bound to decrease as Bitcoin approaches the $1 million benchmark. 

Even now, Mow believes that El Salvador can play a role in inspiring other countries to follow its example. In particular, he sees El Salvador’s vibrant, grassroots local Bitcoin community as playing an important role in driving adoption.

A mix of top-down and bottom-up initiatives is needed to balance each other out in any country that wants to successfully adopt Bitcoin.

To learn more about the current state of Bitcoin adoption in El Salvador, check out the full interview on Cointelegraph’s YouTube channel, and don’t forget to subscribe!

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Crypto

Coinbase Insider Trading Scandal Rocks Crypto Community – Former Employee Pleads Guilty

February 8, 2023
Crypto

Bitcoin bulls stumble at $23.4K as Fed’s ‘disinflation’ sparks BTC price rally

February 8, 2023
Crypto

Fantom (FTM), Polygon (MATIC), and Orbeon Protocol (ORBN) Post Massive Gains

February 8, 2023
Crypto

DCG offloads Grayscale shares to raise capital: Report

February 8, 2023
Crypto

Bitcoin and Ethereum Price Prediction: BTC & ETH Are On The Rise, Where Will They Go Next?

February 8, 2023
Crypto

South Korean officials traveled to Serbia to find Do Kwon

February 8, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.