Barter of the future and another crypto winter
Today we continue our crypto-futuristic vision. In our previous article “What will people use Barter Smartplace for in 2030?” , we were talking about changes in the foundations of the digital economy, automation of routine work, and what place Smartplace took in the distribution of resources between suppliers. Be sure to read to understand what the continuation of this story is about …
In 2031, another “crypto winter” began. The long-awaited $1,000,000 price was passed by bitcoin by the end of 2025 and has now reached almost $10,000,000 in 2031, shocking even the most stubborn holders. Greed forced them to sell almost all of their most dangerous cryptocurrencies. remaining unsold in 2025–2026 Therefore, now we are not talking about the crypto winter of 2026–2029, but about the next one, the beginning of which falls on 2031, which showed the beginning of the significance of the bitcoin economy and, in the end, the essence of paper currency as a form of accumulation of monetary values has depreciated.
Imagine how everyone happily dug out (sometimes in the literal sense of the word) wallets and rushed to “sell” almost all of their bitcoin holdings. However, watching $10 million apiece was no less dangerous than converting it into almost completely worthless dollars or pegged stablecoins like USDT and USDC. On the other hand, why not sell at least one BTC (only one!), thought holders who bought less than $30K to raise $10M. 10 years of waiting. Be that as it may, many still believe and cherish the hope that American managers will still consider the possibility of exit and increase the value of the dollar.
Thanks to Barter, the “sale” of Bitcoins as a form of transaction has become conditional. Now the sale was perceived as an exchange of their property for a counter offer. In fact, this is considered “purchasing with bitcoins”, but only in the residual perception of the past, when there was no wide opportunity for bitcoins to “buy” or exchange for other real world assets. In 2031, 70% of the inhabitants of the Earth have a crypto wallet with at least the functions of receiving (accumulating) and sending Bitcoin. The development of commerce in the world of cryptocurrencies was already unstoppable. Barter Smartplace, during the growth of the supply of Bitcoin and other cryptocurrencies, became a place for the exchange of liquid cryptocurrencies entered into crypto-commerce for Gold and Silver bars, which were sold in the form of tokens. The digitization of precious metals has brought a new wave of growth of “stablecoins” backed by real value.
So, just before Christmas, millions of newbie crypto-enthusiasts and short-term speculators of crypto-currencies, who kept even from 1 bitcoin, began to sell their reserves on the most popular centralized exchanges — this marked the beginning of a tragedy for the leading crypto-exchanges.
First-line centralized crypto exchanges began to experience such a severe lack of monetary-fiat liquidity for the first time. After all, for one bitcoin they gave almost $10 million in cash. Exchanges simply could not accommodate all withdrawal requests. The largest crypto exchanges already had state support, but here they had to practically give up their entire business in exchange for maintaining their reputation and positions.
Why? Since the mid-2020s, crypto exchanges have begun to accumulate more cryptocurrency reserves than fiat ones, and some have completely stopped working with fiat dollars, euros, pounds and other “cash”, replacing bank transfers with stablecoin tokens on decentralized blockchains. When bitcoin from $200,000 exceeds $10 million in a few years… where could you get so much dollar liquidity when it was “drawn” only on the application screens of centralized exchanges? And how to ensure the demand for the withdrawal of fiat funds?
To be continued…
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