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RE: "A FRAUD it may be... But Bitcoin could reach $100,000 before it collapses !"- J.P. Morgan CEO Jamie Dimon
Bitcoin prospect does sound very exciting, not without it's drawbacks.
It can go either way, completely skyrocket and reach 10k and more; all it needs is one big player (corporation, government, organization) to officially start accepting it.
On the other hand, what if USA, UK makes it illegal to own, trade and exchange crypto? What actually makes it valuable?
The future of Bitcoin is being discussed right now by Governments. It has been officially accepted as "legal" by many more governments than have said it is "illegal". So far, it is legal in the United States, and E.U., whose lead many other countries follow. Crypto has a use as a payment media accepted in more countries than accept the Mexican peso, for example. It is probably easier to EAT in China if you pay with Bitcoin than if you try to pay with Mexican pesos, or even if you try to pay with Swiss Francs.