Post
Topic
Board Economics
Re: Bitcoin or gold?
by
flix
on 11/02/2017, 20:02:12 UTC
At the expense of safety, I agree with you, but that relates to the preservation of the values, here I have a question. Gold is valued for thousands of years ago and is now valued. I am sure that this will continue. And what will be with bitcoin?
It remains to be seen whether bitcoin will be adopted as a mainstream currency, however banks are gearing up to implement the technology behind it (blockchain) as we speak:

https://www.bloomberg.com/news/articles/2016-12-21/who-owns-blockchain-goldman-bofa-amass-patents-for-coming-wars

It's in the best interest of banks to implement the technology, not necessarily the currency. Blockchain could save banks $20 billion per year:

http://www.coindesk.com/santander-blockchain-tech-can-save-banks-20-billion-a-year/

It'd be a huge disappointment to investors, but the possibility of bitcoin not taking over finance in the way that we think is very real. I guess it all comes down to the consumer; if they get on board with Bitcoin (which would probably require greater price stability), there's no question bitcoin will be much bigger than it is now.