Bitcoin's Prospects

Dear Reader, 

Bitcoin's price has fallen a lot in the past one month and is hovering around 34 700 USD per 1 Bitcoin.

I personally think Bitcoin's price could rise above 100 000 USD in the next 5 years.

Sooner, rather than later, companies will start again issuing cryptocurrencies to finance their business. This will create a frenzy similar to the dot-com euphoria in 2000. Naturally the price of Bitcoin will rise a lot.

What is more, in pure business terms, the financial industry is being changed profoundly by Bitcoin. On the investing side ever more leading investment banks are either announcing or building Bitcoin trade clearing capabilities. More and more asset management funds and hedge funds and many individual investors are investing in Bitcoin.

Bitcoin's underlying blockchain algorithm can change many other industries as well.

Bitcoin, it seems, is gradually being accepted by the general public as money, which will only increase its value in the future.

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