A magazine cover from 30 years ago has led to wild speculation within the Bitcoin community about the significance of October 10, 2018.
In 1988, ‘The Economist’ published the headline “Get ready for a world currency.”
The accompanying image shows a phoenix wearing a gold coin emblazoned with “2018,” the word “ten” and the number “10.”
Could it mean 10/10/2018 is a significant date for Bitcoin?
Well, certainly some have taken to Twitter to suggest there could be a major market move incoming.
The Rothschild’s Economist magazine predicted a new world currency on January 9, 1988. Isn’t cryptocurrency a globalist’s 30 years idea for a global currency? Will the stock market crash or Bitcoin will take off on October 10 or November 11? @bensemchee @Timing_BITCOIN #BTC pic.twitter.com/8HWGlhjT5X
— Viet Nguyen (@vietnguyen) October 6, 2018
The bitcoin nip occurs 10/10/2018. What are the odds? pic.twitter.com/4imrdNRMod
— @davesfolly.com (@Coin_Doctors) October 1, 2018
Others argue it’s unlikely The Economist was predicting a specific date, but have noted some interesting lines from the article itself, which begins with this bold claim:
“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.”
Now, that clearly hasn’t happened, but many would argue the global digital currency called Bitcoin is gaining momentum.
The article goes on to say:
“… national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments.”
“In time … its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.”
Another line that would interest cryptocurrency believers, is this:
“As telecommunications technology continues to advance, these transactions will be cheaper and faster still.”
The article finishes by saying we should “pencil in” a global currency for around 2018 and “welcome it when it comes.”