VanEck says Bitcoin could hit $4.8M if it became the global reserve asset

[jetbird]

Back in the early 90's, very few could have envisioned the the internet becoming what is it today. I think we are witnessing a similar evolution for digital assets/technology.

 

[nooby_mcnoob]

Nobody in Asia uses crypto currencies other than for pure speculation and experimentation. How I know? I lived in multiple parts of it half my life.

I think you might be blinding yourself to the truth. People in some countries are using crypto to escape their local currencies until the last possible minute.

 

[RedDuke]

Back in the early 90's, very few could have envisioned the the internet becoming what is it today. I think we are witnessing a similar evolution for digital assets/technology.

No we do not. Internet connected the world. Bitcoin would be a tiny niche had it not been for fake shit like stable coins that pushed it beyond any bubble this world has ever seen.

There is not one thing Bitcoin solved that we have issues with.

 

[M.W.]

Where in Asia?

I think you might be blinding yourself to the truth. People in some countries are using crypto to escape their local currencies until the last possible minute.

 

[M.W.]

Exactly. Everytime I bring up the same point topics are changed.

No we do not. Internet connected the world. Bitcoin would be a tiny niche had it not been for fake shit like stable coins that pushed it beyond any bubble this world has ever seen.

There is not one thing Bitcoin solved that we have issues with.

 

[nooby_mcnoob]

Where in Asia?

I believe India has a sizable contingent using it. China had to ban it. These are major players.

 

[deaddog]

Why would I deal with a cheque? If I wanted to send money to the US or to any other country in the world I would click on the "global transfer" button of my bank mobile app and transfer the funds commission free instantaneously.

Well I had to send a security deposit to my landlady; Can't send an e-transfer between countries.
What bank do you deal with? I couldn't get a Canadian bank to transfer money to a US bank.

 

[M.W.]

I thought India banned it as well?

I believe India has a sizable contingent using it. China had to ban it. These are major players.

 

[M.W.]

Any of the 5 Canadian banks do it, TD, Scotia, BMO, RBC, and CIBC. You can check on their websites.

Well I had to send a security deposit to my landlady; Can't send an e-transfer between countries.
What bank do you deal with? I couldn't get a Canadian bank to transfer money to a US bank.

 

[deaddog]

Any of the 5 Canadian banks do it, TD, Scotia, BMO, RBC, and CIBC. You can check on their websites.

Ah; It's a new service with BMO. (Jan this year;maybe in response to crypto)
I had my problems a few years back. I opened an account with BMO Harris in the US to solve it.