RATE Group | Today Moon? Economist’s 1988 Prediction Day Arrives (While Bitcoin Sleeps)
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Today Moon? Economist’s 1988 Prediction Day Arrives (While Bitcoin Sleeps)

10 Oct Today Moon? Economist’s 1988 Prediction Day Arrives (While Bitcoin Sleeps)

Posted at 16:34h in Bitcoin News by

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October 10, 2018, has arrived — the date by which The Economist says we should be “ready for a new world currency.” Should Bitcoin suddenly fulfill that role today? 

A ‘New World Currency’ By 2018

Wednesday marks an (arguably) highly significant date in Bitcoin’s history — but so far, nothing appears any different.

According to the now-infamous cover of The Economist thirty years ago in 1988, today’s watershed moment should mean the world’s inhabitants are transacting in the same universal currency.

“Thirty years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency,” the accompanying article reads.

The cover art depicts a phoenix — The Economist’s preferred metaphor for this currency — surrounding a coin with the numbers 10 and 2018 engraved in it. Beneath it, the dollar burns.

Speculators have for years wondered whether the…

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