So what’s next for Bitcoin? As outlined previously, it has many advantages and for this reason it will remain relevant as a currency. The vast majority of BTC transactions by volume are made in China so the two will remain interlinked.
We see the biggest risk to Bitcoin being its substitution and/or parallel use by other crypto currencies. Bitcoin die-hard fans claim that this is never going to be an issue since Bitcoin was the pioneer and as such enjoys first-mover privilege. This argument is probably flawed because although the BTC is used for payments, this is only a relatively small % of all Bitcoins. One of its primary uses is being a store of value and for this reason other crypto currencies can always step in and enjoy similar status if aggregate demand requires it.
Is Bitcoin simply a 21st century version of gold, only without the storage issues? Or is it just a short-lived popular fad that may soon evolve into something quite different? Only time will tell. The only certainty is that its price will remain very volatile in the future.
Source: http://www.forexanalytix.com/blog/bitcoin-future-just-gamble
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Upvoted @trendingworld and I love reading this Your post on Bitcoin...
Thanks man
You are most welcome @trendingworld
I think there is a big warning for economic development in future....
Ya
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Muy buen post, felicidades. Ya esta votado, Si gustas podrias darle un vistazo a mi perfil ,publico todos los dias algo diferente
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