The Future of Bitcoin

Dear Reader,

Bitcoin's price has been rising a lot for the past two years.

I personally think Bitcoin is here to stay long-term. Bitcoin saves people time, money and effort. And human life is a finite resource, so having more time is invaluable.

Bitcoin actually functions as the foundation structure of the cryptocurrencies market. Bitcoin provides the infrastructure on which all other cryptocurrencies are loosely based. Bitcoin functions as a payment infrastructure.

Bitcoin's value could rise to more than world's GDP, which is roughly 80 trillion USD, from the current 1 trillion USD.

The key factor for Bitcoin's value is people's perception of the value that Bitcoin provides. The more people accept and use Bitcoin the higher its value would be.

Sooner or later the market will force banks to fully accept Bitcoin. So far banks are fearful from Bitcoin as it could into their revenue from payments. However, I think Bitcoin could actually make the financial revenue pie bigger. 

Bitcoin provides compelling value for now. If governments do not all of a sudden decide to ban Bitcoin, Bitcoin's future, as far as I am concerned, is quite bright.

Disclaimer: The blogposts and comments on this blog and posts on social networks(Twitter, LinkedIn, Facebook etc.) are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is".

Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blogposts on this blog and posts on social networks.

Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!

Respectfully yours,

Petar Posledovich