Yes. As far as I am concerned, the price of Bitcoin will rise to and above 100 000 USD in 5 years or even less.
Other cryptocurrencies, even the more obscure ones will also rise significantly.
Cryptocurrencies will disrupt investment banking and venture capital intermediation by giving a niche for startups to finance their businesses.
Bitcoin's blockchain technology is simply too disruptive to die down easily. It took the internet more than 50 years to become commercially viable.
And Bitcoin will make slow but some significant inroads into replacing the USD as the main global reserve currency.
People, both young and old like new stuff, like to consume news and Bitcoin and crypto is the biggest single financial innovation, most probably since publicly listed companies' stocks were conceived.
Cryptocurrencies conception must remain independent and free, though. If governments manage to interfere with crypto, Bitcoin and cryptocurrencies will suffer and the greatest fin-tech or financial technology innovation probably in history will be in jeopardy.
In the mean time, riches will be made, industries will be disrupted, spoils will be shared and after that latest boom and bust cycle, society should be better off.
Capitalism at its purest form.
No comments:
Post a Comment