Hello Guys,
Today I want to discuss about crypto currency - is ti circulating as money or kept as Investment-
In my last article I had posted that out of 21 Million only some of it are using as money and rest is hoard as long term investment or missed or lost.
Lot of Bitcoin are absolutely lost and missed by owner and it is unrecoverable.
Now the main thing to discuss is which crypto currency is used for Money in the world.
Because if crypto which is currency will be used only for investment. then a large number of people will still OPPOSE the crypto currency.
New Economic research and Centrak etoro suggests that Bitcoin will become the Main currency in next decade.
Meeting the last two criteria will require Bitcoin and other crypto currencies to make progress on remaining challenges such as scalability, design and regulation.
Most of the investment in crypto currency seems to be short to medium term and least is for long term. By fluctuating the price horribly people sell it whenever it goes high and that is the reason why prices is very fluctuates.
As soon as the all crypto lover who are involved in the field will not ready to use crypto currency as Median of Money it will not be a Money itself.