Topic: [2016-10-30] Largest Indian News Network: Bitcoin Will Reach US$10,000 (Read 390 times)

This is why bitcoin was created. To put money back into hands of people. Society is so blind, they don't see how fragile is our everyday economy. It is an illusion build on debt.
I can't wait for another global economic crisis - hopefully Deutsche Bank will fall and this event will create a domino effect. Then maybe more people will realize than Bitcoin is the only future we have.
And then $10.000 per BTC won't be a dream anymore.

It could be true because the population in china and India combined if they start purchasing the coin and if there is enough media coverage and impart knowledge regarding the coin and  its existance then i am sure it will rise beyond expectation ,a total of 3 billion people from just two countries will make a huge impact in the price of bitcoin

I would prefer less media speculation on Bitcoin's future price but rather more in-depth reporting about Bitcoin's technological background and safe usage. The majority of price prophets have been wrong with (the timing of) their predictions. Bitcoin's future price in fiat is meaningless, because fiat money is subject to guaranteed inflation. What really matters is Bitcoin's buying power and the extent to which Bitcoin has a working closed-loop economy where it can be actually put to use aside from fiat conversion.

That said, Chaudhary has valid points in his assessment of central banks. His points are not new and well known among precious metal investors and Bitcoiners alike. Of course it's a plus when he reaches out to the general public to illuminate people about the criminal properties of the fiat scam system.

ya.ya.yo!

"During a live show broadcasted to millions of active viewers, Chaudhary described Bitcoin as “the world’s most valuable currency,” and stated that the Zee News network decided to launch a complete segment on Bitcoin to discuss about the Indian government’s recent seizure of a Bitcoin exchange.

Chaudhary said:

“We're also making this segment because an Indian agency is trying to freeze a Bitcoin exchange. Drug sellers are using Bitcoin, and a division of the Indian government, the Narcotics Control Bureau, has seized 500 Bitcoins. As one bitcoin is 45k rupees, the amount frozen is around 2 crores and 25 lakhs.”

Bullish on Bitcoin & Debt-Based Monetary Systems

Despite various regulatory concerns and policies surrounding Bitcoin in India, and the government’s crackdown on several large local Bitcoin exchanges, Chaudhary explained to its large audience that the rapidly rising value of Bitcoin must be noted and considered before criticizing its legality.

Chaudhary, who is also the host of Daily News & Analysis at Zee News, instead heavily criticized banks and the current monetary systems in India, stating that if 3 percent of the entire Indian population or even a small percentage of the clientele of local banks were to withdraw their cash, banks wouldn’t have enough capital to process the payouts.

Chaudhary says:

“The truth is, even if only 3 percent of people withdrew all their money from their banks, the banks would not have enough money to pay them. The entire monetary system is dependent on governments and banks. If a bank messes up, then all your money could be lost. But, Bitcoin is an attempt to get away from this regulation and this danger of banks.”

More importantly, he emphasized that clients cannot be assured that the numbers which are often displayed on bank account statements can be withdrawn as the majority of user funds are loaned out to corporations and high profile individuals.

“But when you store your cash in a bank, the bank takes a large amount of your money and loans it out to other people. You can see money in your bank account, but the truth is, that money isn't there,” he further emphasized.

Ultimately, Chaudhary believes that Bitcoin offers the financial industry and its consumers with actual control over their funds, unlike current monetary systems and banking services that are heavily dependent on the government and central bank’s monopoly."

Zee News is one of the largest Indian news networks with over 150 million average viewers. Recently it featured a full segment on Bitcoin with regards to its price projection, potential and global use cases. Zee News Business Head and Senior Editor Sudhir Chaudhary hinted that Bitcoin could reach $10,000 in value, considering the rising demand for the cryptocurrency.

https://cointelegraph.com/news/largest-indian-news-network-bitcoin-will-reach-us10000