Do we dare anticipate a Bitcoin rally for the first quarter of 2019? Because of the abysmal December that had statisticians scouring text to find a worse recorded end of year, the answer might just be yes. But, let’s first consider a few things.
Trade wars, political tensions, legal battles and less than favorable tech markets all have investors and people like Shervin Pishevar concerned. And yet, there are a lot of positives signs in the global economy. Consider wages and jobs in the U.S. If these are strong amidst such conflict, what would happen if they were suddenly resolved.
A sudden resolution is indeed possible. This is why so many are closely following the U.S. and China trade relation talks. An agreement that would end any discussion about a trade war is universally seen as yielding a considerable boost to the global economy.
Political tensions between these two countries will remain. Their issues run deep. The other most pressing U.S./China conflict is over property right infringement. Both also have several internal political issues. U.S. politics are the lead story in the media on most days. The nation is struggling to find an answer to illegal immigration. It recently saw a change in the dominant party of the House of Representatives. China has fundamentally deviated from its democracy upon removing term limits.
Another issue that Shervin Pishevar touched upon was monopolies. Today, Amazon is causing chatter among politician that new rules will need to be passed to break up the online retail goliath. Shervin Pishevar noted how critical it is that small business remains the focus of innovation. Companies like Amazon simply do not have the focus to meet the specific needs of localities.
In a world with great technology resources, there is no reason for dependence on corporate innovation. Shervin Pishevar called attention to these monopolies more than a year ago. He also predicted that Bitcoin would undergo growing pains before breaking out. Do the whispers over concern about monopolies indicate the type of shift in consciousness the world needs to realize the power individuals now wield?