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With the exception of 'The Bitcoin Time Traveler' and '1 Bitcoin Will Be Worth 100 million dollars, what are some wildest Bitcoin predictions and speculation you've heard or have for Bitcoin in 10 years? My theory below.

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Let's set the stage. Imagine a world where countries are gradually moving toward Central Bank Digital Currencies, or CBDCs, but there is still large opposition. Bitcoin’s price is doing well, but it mostly remains a fringe asset, viewed as an investment vehicle by many in mainstream finance. As many countries have de-dollarized, there is no one left to fund government debt through the usual purchase of treasury bonds but the central bank, or buyer of last resort.

Money printing starts to churn like never before, inflation gets out of hand, and unemployment skyrockets due to a mixture of budget tightening and jobs lost to AI. This includes a large percentage of the middle class. The government offers a solution. UBI’s or Universal Basic Income. The catch? You can only receive it by consolidating your bank accounts to a government CBDC program.

Once these digital currencies are released, every business is mandated to legally accept CBDC’s as payment. They gain rapid acceptance among the populace. Out of convenience, even those that were against CBDC’s start to use them, those who refuse are mandated to in order to pay their taxes.

In spite of this for a few years, everything seems to be going smoothly, nobody really notices the difference between credit and debit cards versus CBDC’s, but while UBI’s fix unemployment, the debt issue was never resolved— And then BAM! — trust in the world’s reserve currency plummets, trade grinds to a halt and many governments are unable meet their interest payments on their debt and fund social programs and liabilities.

A full out economic collapse occurs. Similar to Cyprus in 2013, Central banks demand governments respond by taking drastic measures like seizing a percentage of people's reserves to cover the debt. This audacious act triggers an unprecedented awakening among the public, creating a rush towards Bitcoin unlike anything we've seen before. For nations and those that haven't fully embraced CBDCs, the floodgates open as people flock to Bitcoin en masse.

But what about nations fully committed to their own CBDC programs? Here's where it gets interesting: Money leaving the system only accelerates the problem and governments respond by placing spending restrictions, disallowing Bitcoin or any crypto purchases. Citizens are left with no other option, but to resort to peer-to-peer methods to acquire Bitcoin, bypassing official channels entirely.

Simultaneously, rampant CBDC money printing, now called money injecting by nations leads to a further erosion of trust on an international level. Countries start demanding Bitcoin, and only Bitcoin, for international trades. This proves to be the tipping point.

Behind the scenes, central banks and politicians try to sabotage Bitcoin while hypocritically accumulating it themselves. In some of the G20 countries, they even go to the extent of outright banning it.

Due to the instability, manipulation and ever-changing governmental policies in regard to Bitcoin, for a period of time, its price experiences roller-coaster volatility, individuals find themselves becoming wealthy one day and nearly impoverished the next. Eventually, when central banks feel they have amassed enough Bitcoin reserves, they have no choice left, but to finally legitimize it.

But here comes the twist. These same central banks launch massive government-led Bitcoin mining operations in a last-ditch attempt to dominate the network, but the worldwide competition only makes this task more difficult. After years of struggle, their efforts utterly fail, but large government run mining operations provide stability to most countries.

The fallout? A major collapse of numerous redundant government agencies. Governments find themselves downsized to a reasonable level, simply because they can no longer print money at will.

And here's the sobering aftermath: wars become increasingly rare. Now that nations can't just print money to fund conflicts, the true cost of war becomes glaringly apparent. In essence, Bitcoin introduces a layer of financial accountability that forces governments to reconsider the consequences of their actions.

Possible or happen? Am creating my next video and interested in hearing some predictions for Bitcoin in the next ten years. However extreme or sublime.

submitted by /u/CanadaWhite
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