This virtual currency is unstable, expensive, difficult to use and tends to deflate, said Noah Smith, a Bloomberg commentator
- Bitcoin wins: Bitcoin replaces the dollar (and potentially other convertible currencies) into the main exchange in the economy. People buy pizza, pay for the house, pay Bitcoin rent.
- Bitcoin as a Gold: Constituent currencies are still the main exchange unit in all but the most turbulent markets such as Venezuela. Bitcoin's market capitalization is still plentiful, and it will continue to rise over time, but bubbles and crashes will continue to occur.
- Bitcoin Failure: Bitcoin is abandoned, depreciated against the dollar and never useful as a method of payment for daily needs.