Happy birthday Bitcoin! Can BTC start financial crisis? by ritxi

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bitcoin · @ritxi · (edited)
$15.81
Happy birthday Bitcoin! Can BTC start financial crisis?
Bitcoin white paper is celebrating 10 years! It was written by Satoshi Nakamoto and sent to the people in Cryptography Mailing List 1st November 2008. This everyone in crypto space already knows.

Surely it was the most revolutionary step in the history of finances. The money was given back to the hands of the people. The control of money circulation was taken from the banks.

**But in my mind is something other than the celebration. An apprehension. About the next financial crisis.**

https://image.ibb.co/jzTCSf/happybirthdaybitcoin.jpg

While everyone is talking about the economic cycles and that there should be a recession after every 8-10 years cycle, about the price of stocks being on the peak from 2008, interest rates moving up and some other indicators of incoming financial crisis, let me explain my thought.

While the big players like Fidelity, Bakkt, CBOE ETF's are entering the crypto space and some others will follow in FOMO or have already entered the crypto market silently by purchasing in OTC markets, this mass adoption of cryptocurrencies from those institutional investors might cause big spillover of the assets to crypto. But from what assets? Yes, the stock market.

If Bitcoin might be the next safe haven as gold was in the past, or even more, it could rise in price exponentially, why banks and other investment companies would refuse this profits? While they probably know about the economic cycles, stocks on the peak etc?

This altogether might cause, that the money could flow from stocks to Bitcoin, Ethereum, Ripple, EOS or Stellar, or some other cryptocurrencies.

**And if it starts to happen, FOMO of institutional investors might come and this might be much bigger than the FOMO of us, traders and HODLers with small amounts of investments!**

So, what if this will starts a spiral of this flow? FOMO and more FOMO will make the big crash of the stock market and the incredible rise of the crypto! So big crash of stocks, that never happen in the history, 2008 and 1933 could be just small corrections in compare with this 2019 crash.

**I am not telling this is a good or bad thing or crypto, I am also not sure if this might even happen, but if it could happen, so what? What WE can do? Nothing. JUST BE PREPARED!!!**

https://image.ibb.co/knuUHc/Logo-1.jpg
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 87 others
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vote details (151)
@interfecto · 
This post was upvoted by 10 accounts and @interfecto thanks to @ritxi

@interfecto: Selling the cheapest upvotes on Steemit for just 0.001 SBD each! Send any amount 0.001-0.1 SBD with your postlink as memo to @interfecto to buy instant upvotes!
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@tts · 
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/ritxi__happy-birthday-bitcoin-can-btc-start-financial-crisis.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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@promobot ·
re-ritxi-happy-birthday-bitcoin-can-btc-start-financial-crisis-20181101t095118649z
@ritxi purchased a 33.93% vote from @promobot on this post.

*If you disagree with the reward or content of this post you can purchase a reversal of this vote by using our curation interface http://promovotes.com
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@brupvoter ·
re-ritxi-happy-birthday-bitcoin-can-btc-start-financial-crisis-20181101t104955506z
You got a 7.66% upvote from @brupvoter courtesy of @ritxi!
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@ritxi · 
@djimirji up!
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@upmewhale ·
re-ritxi-happy-birthday-bitcoin-can-btc-start-financial-crisis-20181101t142209428z
You got a 8.87% upvote from @upmewhale courtesy of @ritxi!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
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@steemitboard · 
Congratulations @ritxi! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@ritxi/votes.png?201811011125</td><td>You made more than 3000 upvotes. Your next target is to reach 4000 upvotes.</td></tr>
</table>

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To support your work, I also upvoted your post!


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@steem-ua · 
#### Hi @ritxi!

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Your **UA** account score is currently 0.860 which ranks you at **#57837** across all Steem accounts.
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