Post
Topic
Board Economics
Re: Bitcoin is Becoming a Global Currency
by
alplaxxx
on 11/07/2016, 12:00:17 UTC
yes in the near future bitcoin is becoming a global currency,because bitcoin is not backed by gold either, but unlike traditional currency, there is a maximum limit of value to be “created out of thin air”. Once the supply cap of 21 million Bitcoin has been reached – at some point in 2140 – no more coins will be generated. According to most investors, Bitcoin is a superior investment vehicle, as scarcity usually leads to an increase in value.