Is Bitcoin Here to Stay? The Fourth Industrial Revolution.

Bitcoin is permanent, because it solves one of the main problems of society - human nature.

Since Bitcoin is crowdsourced, Bitcoin is very difficult to manipulate. Many famous research analysts and portfolio managers say that nothing backs Bitcoin. What backs Facebook, an internet site or Amazon, an online store?

The same research analysts and investors say: "Bitcoin does not have cash flows to back it up". Where are the dividend cash flows that support Facebook or Amazon's stock prices of their approximated 1 trillion USD or more market capitalisations? But Facebook and Amazon are the future?

And Bitcoin, blcokchain and other cryptocurrencies are not? The Future?

The company valuations guru Aswath Damodaran, so called "the dean of valuation" has a new interesting book out. "The Value of Narratives".

The problem is we are at the end of value. The end of valuation. In capitalism and in the world and nature everything changes, so value changes constantly. That said, intrinsic value can remain stable for several years. Chaos theory is right. Almost all depends on the initial conditions and a butterfly can just be the trigger that explodes the gathered pressures in the system.

Yes, Bitcoin is here to stay. In one form or another. Digitalisation is the fourth, but largest and most comprehensive and all encompassing industrial revolution in the history of humanity.

Digitalisation is changing and will change everything: How we communicate, work, travel, sleep, eat and basically transform how we live. Why? Because digital saves us time, effort and money.

And Bitcoin is the edge of digitalisation. Throughout all its history, humanity's advance has been mainly guided by greed. And not, I don not think that EXCESSIVE "greed is good", like Gordon Gekko says in the Wall Street movie. Greed will sooner rather than later bring humanity to the edge of extinction.

But up till then, greed will drive progress. Because money is what makes one man prevail over another. Power with other words.

Bitcoin is the epitome of power. A digital, crowdsourced, untraceable, mobile, independently run means of exchange, store of value and unit of account. Money, with other words. Yes, Bitcoin still has room to go to become real money. Its volatility is a problem, especially.

Bitcoin, however, is progress. It is very difficult to stop progress!