10 Predictions on Digital Bitcoin Currency
technology and venture capialist investor James Altucher said bitcoin will continue to improve. Bitcoin and cryptocurrency or other digital currencies will be considered to replace paper money as a currency for transactions.
According to Altucher, the public has made several currency changes in history. First gold replaces barter system as a transaction tool, then paper money replaces gold as a tool of value storage. Then, bitcoin and other cryptocurrencies will replace the paper money as a transaction tool
There is at least one country currency that is likely to soon fail, possibly Argentina or Venezuela. This will trigger the mass adoption of bitcoin in the population, thus making its value rise over US $ 50 thousand.
The mainstream banks will accept bitcoin, then will start offering storage and software access. They will also create various cryptocurrency derivatives.
Despite optimism, failure is likely to occur. As many as 95 percent of digital currencies other than bitcon will disappear. The value of the surviving currency will increase and this will happen within the next four to six months.
The United States government (US) will secretly begin to accumulate one of the cryptocurrencies to facilitate transactions in the gray area with other countries. This is starting to happen, but it will only increase in 2018.
China will invest heavily in other cryptocurrencies, but probably not bitcoins. China wants a competitive cryptocurrency with bitcoin, but that can be fully controlled.
One of the biggest problems with current cryptocurrency is often changeable. At least basecoins are likely to decrease dramatically by 2018.
More companies will pay freelancers with the digital currency, which eventually sparked calls for tax reform.
Just like the way the internet changed the monopoly of the mobile industry, the digital currency will change the monopoly of money made by the government.
A new government organization will be created to analyze cryptocurrency regulation.
Thousands of cryptocurrency companies will be born and floor on the stock. However, only a handful earned great success