- I can only say the future of Bitcoin is extremely unpredictable. Now, Bitcoin is like a storm, it is gradually going the pinnacle and become the King of the virtual currency, prices are rising quickly. But, I feel this is a huge problem because rapid increase make it become unstable, if continued, it will collapse. Price as a bubble, if the strain it will explode. However, in my opinion Government will soon accept and control it, the future of it will be developed, it can replace paper money became common currency of the world
Yeah. Higher shifts do reflects instability. But if we consider past of Bitcoin, the base is becoming stronger. As for now, in Jan price declined to $700-800 but we all were sure that it will not go lower than that. The spread of Bitcoin made it sure that it will not collaspe significantly until something major happen!
For government, I think government will never consider to regulate Bitcoin as it is. But maybe a chance, Government and banks soon adopt Blockchain technology on mass scale in their operations.
The banking system is very actively and successfully implements blockchain technology in their system but they recognize bitcoin and even more will not raise. All they want to do is to remove a competitor, and it bitcoin.