--- title: Bitcoin bull Report July 2023 description: Discover why cryptocurrencies are necessary in today's unequal world. Explore the reasons behind the need for accessible international payment options and the impact of inflation on economies. Find out how crypto can empower the working class and help countries affected by wars. Don't miss out on this insightful analysis! image: https://www.itgventurecapital.com/hubfs/1686836002611.jpeg --- [Skip to content](https://www.itgventurecapital.com/en/blog/bitcoin-bull-report#main-content) [![IMG_3980 (1)](https://www.itgventurecapital.com/hs-fs/hubfs/IMG_3980%20(1).png?width=2500&height=1011&name=IMG_3980%20(1).png)](https://www.itgventures.com/) - [Home](https://www.itgventurecapital.com) - Services Show submenu for Services - Fintech Show submenu for Fintech - [Company + Bank Account USA](https://www.itgventurecapital.com/en/en/open-company-and-bank-account-in-usa) - [Company + Bank Account Panama](https://www.itgventurecapital.com/en/en/open-offshore-company-and-bank-account-in-panama) - [Company + Bank Account Dubai](https://www.itgventurecapital.com/en/open-offshore-company-and-bank-account-in-dubai) - [Company + Bank Account Hong Kong](https://www.itgventurecapital.com/en/en/en/open-offshore-company-and-bank-account-in-hongkong) - [Company + Bank Account Malta](https://www.itgventurecapital.com/en/open-offshore-company-and-bank-account-in-malta) - 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[Investment And Retiremend Plans](https://www.itgventurecapital.com/en/investmen-crypto-plan-itg-make-your-first-millon-retire-rich-criptomoney) - [Portfolio](https://www.itgventurecapital.com/en/itg-ventures-portfolio) - [About Us](https://www.itgventurecapital.com/en/itg-ventures-about-us) - [Contact](https://www.itgventurecapital.com/en/contact) - [Blog](https://www.itgventurecapital.com/en/blog) [All posts](https://www.itgventurecapital.com/en/blog/all) September 23, 2024 # Bitcoin bull Report July 2023 ![Picture of Jesus Acosta](https://www.itgventurecapital.com/hs-fs/hubfs/WhatsApp%20Image%202026-02-21%20at%2010.05.03%20AM.jpeg?width=50&name=WhatsApp%20Image%202026-02-21%20at%2010.05.03%20AM.jpeg) ByΒ  [Jesus Acosta](https://www.itgventurecapital.com/en/blog/author/jesus-acosta-lizardo) Β Β·Β  1 minute read Bitcoin Bull Report July 13, 2023 Cryptocurrencies are not necessary? That was the comment of the ineffable Gary Gensler in an interview after launching two legal lawsuits against the world's main exchanges #Binance and #Coinbase, the United States always demonstrates its international myopia and why it should not continue to have the only currency for Global trade , initiatives such as the brics, necessary for trade between governments that are fed up with the giant of the north use their currency to finance wars and agendas that only benefit the American people, achieving figures of poverty, hunger and displaced persons in the world that every day are They increase more and more, proving that the ambition of the leaders of the northern giant has no limits, not the American people, the American are tired also of wars. Responding to Gary, cryptocurrencies are necessary for the following reasons: πŸ”˜Only 800 million people in the world have access to international payment options. πŸ”˜ 62% of the world's population is excluded from the first world, does not have access to streaming services, products or can carry out internet commerce. πŸ”˜ 70% of the world's economies suffer from inflation of more than 2 digits due to decisions of their governments and pulverize the poorest and the working class. πŸ”˜ The traditional pension funds, social security funds of underdeveloped countries establish savings in local currencies that are hit by inflation, pulverizing the saving capacity of the working class and the poorest. πŸ”˜ More than 4 billion people do not have access to electronic commerce and more than 1 billion people, thanks to the United States, are living in sanctioned countries, blocked because their governments are dictatorships and their only way of escape is saving in crypto. πŸ”˜ In countries plagued by the wars that the United States has financed, the only vehicle left for free trade is crypto. πŸ”˜ The governments of the world must compete economically in unequal conditions with the United States since they control the only currency of exchange, making it difficult to generate local wealth. πŸ”˜ More than 60% of the people in the world are unable to access the dollar to save and cannot for that reason get out of poverty, creating an unequal society to the extreme. In summary Gary the unequal world that you created clearly needs cryptocurrencies and in the end it will be what ends their commercial hegemony. My prediction for #Bitcoin Min 18,000 Max 28,000 Thanks to Gary, the market will remain down for about 3 months, take forecasts. 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