Bitcoin (BTC) is going to evolve into something way bigger than a crypto currency. Originally, BTC was meant to be a digital currency, as designed by the team known as Satoshi Nakamoto. It has already changed to become a store of value. Besides being a store of value and gains of 800% or more per year, Bitcoin (BTC) is going to be something much bigger.
Bitcoin was the first crypto currency and has the longest original legacy chain. This chain has also, the largest network effect. It is this ever growing network effect that will make BTC so valuable. The value will be the global data that will be attached to the legacy block chain. By owning an early BTC, you are owning a stake in a time line. This time line is a global data time line. A simple, but not 100% accurate, way of describing this, is as follows.
Owning any portion of Bitcoin (BTC), will give you a time/date stamp on the global data time line. As the world builds the legacy chain with "smart contracts", you will have a right or title to that information's accessibility and platform that it is stored on . You are part owner of this world data chain. Every time it is accessed, you will get compensated as being one of the owners. It is like a "toll" has to be paid anytime this legacy chain is used or expands. If you own a BTC or a portion of one, than you will be compensated. The value is that you own a portion of time and space. BTC and the legacy chain will evolve into A.I. This A.I. will become an entity almost of it's own.
It is not like BTC will become evil or a Terminator SkyNet type of entity. What will happen, is that, BTC will become as valuable as the internet is today. We could not survive today if the internet went down. Everything from healthcare, military, power grids, food, gasoline, transportation, credit cards etc. all run on the internet. Take the internet away and the world shuts down. BTC will become the internet. It will also be the back bone to the I.O.T. (Internet Of Things).
We are heading to the I.O.T. Everyday life will be centered around I.O.T. Bitcoin and other platforms will be running the I.O.T. Owning BTC is like being a part owner of the future internet. Can you imagine if you owned just 0.0001% of the internet today? Well, owning 1/10th of a BTC will be just like owning 0.0001% of the internet today. You can only imagine the wealth you would have. Owning BTC is no different. This is why everyone is saying that owning just 1 BTC would create generational wealth.
Powers to be, know this fact. I believe, we are seeing a struggle to control the future. Those that own large portions of BTC will have great future wealth and power. The 21 million BTC (estimated 2 million lost forever) is all that there will be. Even though a BTC can be broken down to a millionth of a BTC, there is not that many whole BTC for a global population of 7 Billion. Those that have 100 BTC or more will be very wealthy and powerful. Owning at least 1/4 of a BTC will ensure that you and your family will be on solid ground in the future. It will not be long, that even obtaining 1/4 of a BTC will be impossible for most of the global population. It is a sad statement but true. I do not know the answer, but I do feel for those who will not make owning a portion of BTC a reality.
In conclusion, BTC will continue to explode in price and value. I think for now, people are rushing into BTC and other crypto's to participate in the great financial gains. Most do not fully understand or appreciate what Bitcoin means or represents. It is like the internet back in 1992. Most people back then, could not have really appreciated how it would have evolved and become so vital to the global population like it has. So likewise, will be Bitcoin and the block chain. The block chain and Bitcoin's legacy chain will become indispensable. The value of Bitcoin will continue to rise for decades and beyond. The value could easily become $1,000,000.00 within 5 years, especially if the global population realizes what I have just discussed here in this blog.
image by: cointelegraph.com