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Thread: Bitcoin Future: Three Options

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    Bitcoin Future: Three Options

    At number one Mr Smith says bitcoin will "triumph" replacing all other fiat currencies as the economy’s "main unit of exchange".

    He said: "People buy pizzas, finance their mortgages and pay their rent in bitcoin.

    At number two he says that bitcoin becomes like "gold".

    Mr Smith says that continuity crumbles on with fiat currency remaining the main unit of exchange everywhere except in a few "extremely dysfunctional economies like Venezuela’s".

    However, in this scenario "bitcoin’s market capitalisation remains substantial, and it rises in value over time, occasionally experiencing large bubbles and crashes."

    Number three is the worst case scenario when bitcoin goes "bust" and BTC as we know it is "abandoned, crashing relative to the dollar and never being useful as a payment method for daily necessities."
    More including which he sees as more likely at link. We seem to be at #2 currently.
    Last edited by Zippyjuan; 07-12-2018 at 03:39 PM.
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