Post
Topic
Board Economics
Re: Tell me your predictions about Bitcoin
by
HarHarHar9965
on 27/08/2015, 04:50:09 UTC
There was big talk about bitcoin becoming mainstream in 2015, but I don't think it's going to be at the very least 3 years before bitcoin goes mainstream like Wikipedia did 10 or so years ago. New things take time to adapt and as far as an open-source technology like bitcoin and blockchain is concerned, it will take a long time still until people can trust the digital currency and be confident the currency will not collapse. By then the price will probably be quite high.

Yes, Bitcoin is quite far from mainstream adoption. Even educated, (reasonably) net-savvy people might not have heard of Bitcoin right now. I have tried explaining Bitcoin's principle to a lot of people. Most of them have never heard of Bitcoin before. I think at the next block reward halving (2020), you will have fewer bitcoins, mass adoption and an amazing price.  Grin

There's a difference miles apart between educated and net-savvy people, a lot of highly educated individuals do not comprehend to the continously changing technology, and a lot of tech savvy people are often uneducated and lack a couple skills which had potential to be sharpened. About Bitcoin, I used to talk about it often, way often but realized that bitcoin could only be successful if marketed well. Imagine one of the best reporters and analysts talking positive about bitcoin twice-thrice a week! BTCBTCBTCBTCBTC Cheesy