The Establishment Really Does Not Grasp What Is Going On

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(Edited)

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We see the markets behave based upon what is happening in the traditional realm. Janet Yellen talks about something and the crypto market responds. Or so we are led to believe.

Even if that is the case, it just shows how those who view this entire crypto process as financial are missing what is happening. The parabolic move that will take place is not financial in nature although that is perhaps how we measure it.

In this video I discuss how entre models, structures, and beliefs are being completely upended. This is going to radically alter many things down the road. Yet, the tendency is for people to only see a small piece of the equation.


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Financial upending is just the beginning. Crypto is going to have such a wide reaching effects in so many facets of life. We are just barely past the start. I hope to live long enough to see how intertwined crypto is with daily life 20 years from now.

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It was expected that the old people don't understand how crypto is changing. I believe the changes in technology and financial systems will be a sight to see over the next decade.

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Boom Loved this video!
It seriously seems crazy out there in crypto land but there are so many things changing right now.
People wanting better social media alternatives
Tried of big corps and banks screwing them over DeFi
Stock market gives you peanuts compared to crypto markets

It's shifting slowly each day but knowing our government they like to talk a lot of crap and never really do anything until it's to late. That's what I'm betting on for crypto.

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until we will see all that change take place we still have to grind it out everyday, hopefully reaping the rewards in a few years :)

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Summary:
In this video, Task discusses the recent statement by Janet Yellen regarding the possibility of interest rates rising and its potential impact on the cryptocurrency market, specifically Bitcoin. He challenges the notion that rising interest rates would deter cryptocurrency investors and emphasizes that the attraction to cryptocurrencies goes beyond traditional investment options. Task argues that the focus should shift from viewing cryptocurrencies as just financial assets to recognizing them as a technological disruptor that will revolutionize various industries. He mentions the emergence of decentralized finance (DeFi) and explores the transformative potential of blockchain technology in reshaping sectors like insurance, real estate, and intellectual property. Task highlights the gradual yet significant shift towards decentralized systems and how this will fundamentally alter the current economic and societal structures, despite resistance or lack of awareness from traditional entities.

Detailed Article:
Task's video delves into Janet Yellen's comments on the possibility of rising interest rates impacting the cryptocurrency market, particularly Bitcoin. He expresses skepticism about the direct correlation between interest rates and cryptocurrency investments, arguing that the appeal of cryptocurrencies transcends traditional financial instruments. Task points out that the average cryptocurrency investor is not seeking alternatives to bonds or CDs but is driven by a different mindset and a willingness to embrace risk.

He emphasizes the need to shift the perspective on cryptocurrencies from mere financial assets to powerful technological disruptors. Task draws parallels between the adoption of the internet for information consumption and the current shift towards blockchain technology for various applications, likening the disruption caused by cryptocurrencies to the digital transformation witnessed in the information industry.

Task highlights the transformative potential of decentralized finance (DeFi) and the broader implications of blockchain technology on industries like insurance, real estate, and intellectual property. He predicts a future where decentralized systems will challenge and potentially replace existing frameworks, leading to significant changes in how business is conducted.

Furthermore, Task explores the concept of decentralized autonomous organizations (DAOs) and how they could revolutionize economic structures by enabling efficient money distribution and wealth creation across global networks. He stresses the magnitude of the ongoing changes facilitated by blockchain technology, suggesting that these developments will reshape industries and societal norms over time.

Additionally, Task discusses the lack of preparedness among traditional institutions and individuals for the impending disruption caused by cryptocurrencies and decentralized systems. He explains that despite the current focus on short-term market reactions to external factors, the long-term trajectory favors the continued growth and adoption of cryptocurrencies due to their underlying technological advancements.

In conclusion, Task encourages viewers to recognize the broader implications of blockchain technology and decentralized systems beyond financial investments. He underscores the importance of embracing innovation and understanding the transformative potential of cryptocurrencies on a global scale, despite the resistance or ignorance exhibited by traditional establishments.

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