Is The Economist’s 30-Year-Old Forecast Becoming Real With Bitcoin?
Is The Economist’s 30-Year-Old Forecast Becoming Real With Bitcoin? In the January 9, 1988 issue of the world-famous The Economist, did the cover photo with the theme ”Get Ready for One World Money” pointed to Bitcoin?
In 1988, Econom Get Ready for the Phoenix The published in The Economist magazine, it was pointed out that the only world money could come in 2018.
The article outlines the advantages of a single currency globally for countries, but also how difficult it can be technically. However, the event that draws attention here, the cover photo of the date of 2018 and ”Get Ready for One World Money ” title is thrown. So this currency can be Bitcoin? It is difficult to say clearly; however, the traditional New Year special covers of The Economist are full of predictions.
From the economic and political events of the world to terrorist activities, religions, wars and secret organizations, pictures and images are published. Most of these predictions come as a surprise to people during the year. Here is the real thought point, right here,Is it possible to try to implement a plan that came from decades ago with Bitcoin? Although it may be difficult to say yes, Bitcoin is the first currency that will come to mind.
It could be difficult to imagine Bitcoin with the technology of 30 years ago, so the asset expressed in the article is the units of money that are printed by traditional means and central banks, namely the TL and Dollars we know at the moment. Phoenix, also known as a mythological bird, is also known as a symbol of immortality. Financial contact with the Phoenix will be a bit of a challenge, so I’m just going to explain this side.
As crypto-money enthusiasts, thinking Phoenix is Bitcoin is a correct thinking because of the increasing interest and value lately. But on the other hand, it may be necessary to take into account Amero, which is expressed for the North American Continent. Ameron; The Canadian Dollar is a theoretical currency that is supposed to replace the USD and the Mexican Peso. It can be said that it is similar to the Euro that the European Union puts on the market. The number of academics and experts who think that such a currency will emerge in the near future is not to be underestimated; however, there is no official announcement.
Can the US say we say goodbye to the USD in the coming years and create such a currency? I think it is a long-term issue that depends on the interests of the country. On the other hand, the US holds the power to impose such a currency globally. It can do dozens of times for the USD to build a brand new order. Timothy Geithner, US Finance Minister; In 2009, he signaled that a single currency could be passed by the IMF.
Looking at it this way, it is possible that Phoenix is Amero. Hundreds of articles have been written on this subject and many news have been published. Generally speaking, issuing a single official currency will be a way that no country can adopt for technical and economic reasons. It is even important enough to cause global wars. We are now living in a period when the people produce their own money.
Developing technology now gives us this opportunity. Today, anyone can easily print their own currency (with Ethereum Blockchain, etc.) and work to adopt it. We see that the issue of printing money gradually came out of the sovereignty of the countries. The market value of crypto currencies continues to increase exponentially each year.
Crypto money markets today with a value exceeding $ 120 billion as a small country economy and is expected to reach the level of trillion dollars in a few years. Because Bitcoin and crypto coins, which act with the philosophy of be your own bank, reach more and more people with their decentralized and libertarian structures. Bitcoin, which has millions of users globally, can already be regarded as the world’s only currency or at least as the closest asset to this concept.
