Experts predict Bitcoin will lead to central banks losing control of their money and help usher in a one world currency under a one world government, according to a new report.
The disturbing prediction comes as the largest cryptocurrency by market value surged past $11000 on Wednesday to hit a new record high.
Bitcoin, which has emerged as an alternative to national currencies free of the control of central banks and banks worldwide, is writing a new monetary paradigm.
“The digital currency is threatening the very pillars of banking,” said ECB Vice President Vitor Constancio. “And we are rapidly losing control.”
A senior Bank of Japan official said on Thursday that the technology could even replace physical money in the near future.
“It’s certainly not out of the question. If Bitcoin achieves critical mass, and it is looking more and more likely that it will, then we could see it one day become the single currency of the world.”
A Vatican psychic medium who correctly predicted the outcome of the Brexit vote and that Donald Trump would be elected President said it is only a matter of time before the borderless virtual currency gives rise to a world authority.
“Soon leaders and nations of the world will see that the only effective way to govern cryptocurrencies such as Bitcoin is by a world government body,” she said.