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Can you fill in some details as to how this would unfold ?
How the central banks decide to compete with crypto's will determine if there is massive devaluations in "assets" or hyper inflation.
That my friends is where we are today. Instead of allowing the economy to purge itself of faulty investment created through extremely poor oversight and government direction, the government and federal reserve doubled down, twice! We currently have a stock market and housing market that reflects nothing close to reality. Baby boomers have their entire life savings built on a complete fraud and they cannot see the truth. They believe the "experts" who actually originated this mess 20 years ago. They call crypto's beanie baby's. Unfortunately, the main Ponzi scheme I see here is their Socialistic Security that cannot be paid back. At what point do the experts warning against fraud and insecurity become the ones perpetuating it.
That is the main question of crypto currency; at what stage in the game are we, which side do you trust? The young and old obviously have extremely different theories. Here you have a group of the comfortable establishment who claim all is well as they benefit from all the centralization of power. Then you have a group of hungry, younger people following the establishment's instructions and getting nowhere based on the old rules of the game. They See they are being directed by the old into the clearly failed path to ensure the old's Ponzi scheme like existence will continue its perpetuation. Yet, presumably, they have the choice to reject McMansions, having kids, and materialism. Heck, they could even reject the basis on which the foundation of the old's existence is dependent...... They could question the integrity of fiat!
In a nutshell that is the future of the crypto currency market, unless the establishment starts enacting force to pervert the freedom of choice to ensure their continued dictatorship of the youth. Phony wars, the drug war, and criminality of things like gold have all been used before to dictate behavior. Will Bitcoin be banned when its potential is being realized? That is when you will really NEED to own it!