Analysis in Chains - News and Views on Blockchain

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#145 - Will 2019 be the year of Bitcoin Maximalism?

December 31, 2018

If there's one voice that has been a constant in crypto it has been the voice of Bitcoin Maximalism - the viewpoint that Bitcoin will ultimately replace all fiat currencies like the US Dollar, Euro, and others and become the currency of a new world order. The view holds that as these traditional currencies and markets fail, people will move to crypto because it's decentralized, trustless and predictable.

With a weakening US Dollar and threats of a global recession, 2019 may be the year that Bitcoin Maximalism gets tested for the first time.  Will people flock to Bitcoin in times of recession or will the price follow the market? What will the New Year hold for Bitcoin, and the cryptoverse in general?

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