Bitcoin looks more like gold than a currency
In the seven months since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago:-
1/ So what does the future hold ?
2/ what is a long time holding CryptoCurrency ?
See three basic scenarios:
No. 1. BITCOIN Triumph: Bitcoin replaces the dollar (and probably other fiat currencies as well) as the economy’s main unit of exchange. Like that people buy pizzas.
No. 2. BITCOIN as Gold: Fiat currency remains the main unit of exchange everywhere except in a few extremely.
But Bitcoin’s market capitalization remains substantial, and it rises in value over time, occasionally experiencing large bubbles and crashes.
No. 3. Bitcoin Bust: Bitcoin is abandoned, crashing relative to the dollar and never being useful as a payment method for daily necessities.
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