Could Bitcoin Prices Hit $100? This is Why Bitcoin is Doomed

Although Bitcoin prices moved above $400.00 this week, another crash in the Bitcoin market is on the horizon. Investors are getting bullish on Bitcoin this week, but the reasons make no sense. In fact, the entire premise of Bitcoin mining is deeply flawed….

No merchant will risk accepting Bitcoin if it can’t be transferred back into their own currency. Even if they could pay their grocery bill, rent, and utilities using Bitcoin, there’s still the small matter of taxes. Ultimately, central banks need the authority to ease the pain of business cycles. That’s why Bitcoin is no more than a Libertarian pipe dream.

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Alexander Reed

Editor

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including... Read More

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