I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:
Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
There is a lot of truth to this.
The core issue is trust. With state issued currency, the government is saying 'trust us'. With gold or Bitcoin, there is no need for trust.
When people finally realize their trust has been abused by the alliance of governments, central banks, and bankers, they will want to hold a currency that needs no trust. In fact, my theory is that the elites themselves (who best know how the system works) are supporting gold (and now Bitcoin) to prepare for the day when they will need to support their currency by (in effect) pegging it against one of the non-state currencies.
It would be nice if human beings could trust each other on issues like these. Sadly, that day is not here, and we have to act according to reality.