Banks Ban Bitcoin but Crypto Culture Explodes Anyways

First the bad news, 2018 has not been kind to Bitcoin thus far, and it must be making the San Francisco rapper Coindaddy, a bit angry.

Bitcoin may be down 45% this year (it’s actually more like 60% from December) in its usual January dip — but that’s not what’s worrying cryptocurrency exchanges.

For all the altcoin hype and Crypto Singularity transformation of GenZ values headed in the direction of decentralization, there’s a serious talent shortage in blockchain and cryptocurrency fields.

Establishment Bans and Crypto Culture Riots

China, Facebook and Banks can ban sponsored cryptocurrency Ads and buying via credit cards, but that doesn’t dampen a global movement.

Bitcoin’s price is currently at less than half of its all-time high at $7,262 yet the competition among altcoins, crypto assets, apps pivoting into ICOs — is at an all-time high. This means there’s less talent in the form of developers to go around.

In the never ending headline spam of media outlets trained by Facebook to be irrelevant, this is the latest headline they are touting.

Over $60 billion was wiped off the value of the entire cryptocurrency market in 24 hours.

That may be true, but it says nothing about how Crypto culture is changing the future of transactions, trust and a world where blockchain adoption will only continue to grow. It’s not all about the money, just ask South Korea and Japan where cryptocurrency trading is thriving like never before.

More than Just a Market Scam

The Crypto Singularity isn’t about a price of a crypto asset, but about something new. Banks can ban Crypto investing with their credit cards, China can ban crypto from social media, Facebook can ban sponsored Ads about them, but that is making crypto and the preference for decentralized platforms, even stronger!

I’ll venture to say that crypo even symbolizes GenZ preferences, as in, those people born in the mid 90s and younger. GenZ is a generation that will transform the future of government, technology, trust and collective consensus, that is, our relationship with Artificial Intelligence itself.

Look at the values of someone like Vitalik Buterin, think about what that means for the future of centralization and outdated power structures and profiteering institutions.

Bitcoin has had a terrible start to the year, but that’s actually good for the spirit of Crypto.

Adversity on the markets means even better platforms will arrive, pressure on Ethereum, Cardano and NEO to validate themselves has never been stronger. New value propositions means solutions like Stellar, Ripple and EOS must find new avenues.

As even Ebay recently announced a divorce with PayPal, we are ready for decentralized currencies to take on more than speculative weight.

Bitcoin is a Trailblazer and its Death is Over-rated

Nobody said Bitcoin was going to be part of the final answer, Crypto culture is on fire, Robinhood vs. Coinbase, and a hoard of apps and Tech firms that will pivot into crypto. Kik, Telegram, Robinhood — all that defines young Millennials and GenZ is now finally coming up to the fore in society, culture and technology.

Here’s the catch though, Bitcoin won’t probably die until late 2019, its bubble hasn’t burst for good. Bitcoin volatility is fairly normal. The valuations of Cryptocurrencies aren’t doomed.

So when you think about the evolution of collective trust and blockchain creates new jobs, industries and platforms; we have to realize banks and Big Tech are scared because:

Crypto assets are more trustworthy to generations more embedded in digital reality.

Banks can Ban them, it doesn’t matter.

China can Ban them, there exists work-arounds.

Facebook can Ban Ads, it just makes us more alienated with Facebook.

The future isn’t just about control over the mainstream, but through decentralized and blockchain solutions, it’s about empowering them.