Post
Topic
Board Trading Discussion
Re: Does Bitcoin have a future?
by
cnx-set
on 24/08/2017, 06:33:26 UTC
The fact that the first post was on May 26, 2017 shows that bitcoin has a future. I mean see how the price for one BTC was back in May and now in August. I still think it is kind of a bubble like the housing prices in the U.S. before the crisis. However Bitcoin will stay as even the governments of alot of countries show interest:

China
"Chinese Investment in Bitcoin Mining is Enormous"
http://www.investopedia.com/news/chinese-investment-bitcoin-mining-enormous/

Russia
"Earlier this week, Bloomberg reported that a company co-owned by one of President Putin’s internet advisors, Dmitry Marichinev, has plans to raise up to $100 million in cryptocurrency to fund a Russian effort to challenge China in bitcoin mining."
http://www.investopedia.com/news/putin-advisor-raise-100-million-bitcoin-mining-venture-russia-china-rival/

Japan
"Concerns over the low saving rates in Japan and South Korea, the citizens of the two countries are investing more in bitcoin. Comparing to the average 17 percent gain of Asian stocks in 2017, the value of the cryptocurrency increased by 124 percent over the same period (after a 125 percent gain in 2016). Just in May alone, BTC had seen a 60 percent increase during the month."
https://www.cryptocoinsnews.com/japan-south-korea-invest-bitcoin/