- Bitcoin value increases over time by design
With Bitcoin’s transactional volume increasing worldwide every day, a cap on production in the future, and a reduction in Bitcoins produced every 10 minutes just implemented July 10th, Bitcoin values will continue to climb for the foreseeable future
- Fiat currency fatigue
Mexico and Ecuador have been in discussions to mimic the Bitcoin blockchain and create their own digital currencies. China has had these discussions with Citibank and Deloitte to do the same. Tunisia, a North African nation, has already started its own national economic blockchain, and Japan has accepted Bitcoin as a national currency, on par with the Yen itself.
- big business has not jumped into the bitcoin
Nations around the world are funneling the mainstream into the digital payment system and away from cash through soft bans.Bitcoin has not gone viral yet, and is still developing the apps, upgrades, and protocols that will make it truly ready for prime time, so the upside potential is still huge. We’ve only scratched the surface of what a Bitcoin is really worth to the world. It’s quite a bit more than $670, or at least it will be in the future. Five year’s ago, it was worth $0.30 USD cents.
- The Global Reserve Currency keeps losing value, which inflates Bitcoin value
I wouldn’t worry about Bitcoin values going forward. More and more talking heads in the mainstream, if they have any credibility, will be singing the praises of Bitcoin’s value proposition. Maybe even some of them will be speaking from experience?
- Cash is leaving the scene and will be replaced by digital payments anyway
Bitcoin has not gone viral yet, and is still developing the apps, upgrades, and protocols that will make it truly ready for prime time, so the upside potential is still huge. We’ve only scratched the surface of what a Bitcoin is really worth to the world. It’s quite a bit more than $670, or at least it will be in the future. Five year’s ago, it was worth $0.30 USD cents.