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THE DEUTSCHE BANK WARNS OF A WORSE CATASTROPHE THAT A PANDEMIC THAT COULD KILL BITCOIN COMPLETELY


In a new report, Deutsche Bank says disturbingly that there is a high probability of a disaster far worse than the recent pandemic to come in the next ten years. At least one of the scenarios could end Bitcoin .

ANOTHER, EVEN MORE DAMAGING, DOES THE BLACK SWAN EVOLVE DURING THE NEXT DECADE?

The bitcoin   and the rest of crypto-currencies market seemed ready to start a new uptrend in early 2020. Several indicators pointed the beginning of a new bull market crypto, but a black swan event happened with the sudden outbreak pandemic.

The markets have fallen and investors have panicked, fearing the worst possible outcomes. Unemployment rates have soared and stimulus funds have been printed left and right to save the economy from a recession and further shake the markets.

Stocks moved from setting historic highs to the end of the quarter with the worst losses ever. The price of Bitcoin has dropped from more than $ 10,000 to less than $ 4,000.

As bad as the fallout has been for   Bitcoin  , it's nothing compared to a potential disaster that Deutsche Bank is warning of that could happen in the next decade, which could completely kill Bitcoin and most other forms of electronic payments.

A HIGH SOLAR DISASTER COULD KILL BITCOIN, MAKE A CURRENT PANDEMIC LIKE A WALK IN THE PARK

Life and society as known have immediately ceased to exist early in the lock. The impact of the system on consumer spending patterns has been enormous.

This has caused a dramatic transition to remote working and dependence on digital forms of payment. Digital payments of all kinds have increased accordingly. Even VISA says there has been an increase in adoption in Latin America, where people make their first digital purchases when stuck at home.

In some smaller areas lacking banking infrastructure,   Bitcoin plays this role well.

As the virus epidemic can be transmitted more by living on the surface of cash, digital payments have shown resilience that fiat cannot match.

Stocks moved from setting historic highs to the end of the quarter with the worst losses ever. The price of Bitcoin has dropped from more than $ 10,000 to less than $ 4,000.

As bad as the fallout has been for   Bitcoin  , it's nothing compared to a potential disaster that Deutsche Bank is warning of that could happen in the next decade, which could completely kill Bitcoin and most other forms of electronic payments.

A HIGH SOLAR DISASTER COULD KILL BITCOIN, MAKE A CURRENT PANDEMIC LIKE A WALK IN THE PARK

Life and society as known have immediately ceased to exist early in the lock. The impact of the system on consumer spending patterns has been enormous.

This has caused a dramatic transition to remote working and dependence on digital forms of payment. Digital payments of all kinds have increased accordingly. Even VISA says there has been an increase in adoption in Latin America, where people make their first digital purchases when stuck at home.

In some smaller areas lacking banking infrastructure,   Bitcoin plays this role well.

As the virus epidemic can be transmitted more by living on the surface of cash, digital payments have shown resilience that fiat cannot match.

But this resistance might mean nothing if one of the four scenarios according to Deutsche Bank has a one in three chance of occurring in the next ten years. Any of the four scenarios is far more devastating than the current pandemic - and look at the impact it has caused.

Among the worst scenarios, Deutsche Bank predicts either a major flu epidemic, a world war, a "globally catastrophic" volcanic eruption, or the worst for Bitcoin , a solar eruption.

The last severe solar flare occurred in 1859, and the probability says that the Earth is long overdue for another.

Deutsche Bank says it is even more likely than another war, even with the tensions in the United States and China that have been buzzing in recent weeks and which continue to point the finger at who is responsible for the current pandemic.

"There could be major power outages due to the interruption of electrical networks, which in turn would have repercussions on the whole economy, as the critical infrastructure cannot function properly. Lives could be lost if they affected hospitals and medical care. Communications would be disrupted, many payment systems would be dysfunctional, and Global Positioning System (GPS) satellites would be subject to significant interference, to the detriment of all people and industries dependent on precise location services, including planes Says the frightening report. .

With such a disaster, Bitcoin would likely be the least of people's worries. However, any power cut on the planet would destroy most of the payment infrastructure, including that of Bitcoin . No transaction could be sent and the miners could not use the machines necessary to maintain the network.

It's one of the few scenarios that could permanently kill Bitcoin for good.

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