The WSJournal article says if BTC is to change dollar, its current value is 0. Plus the ways of possible transactions with BTC is very limited and it requires spending lots of energy (who can explain the part with the energy spending?).
On the other hand if in future BTC would depend on gold, its value will be stable and it won't be opened to any fluctuations at all.
What do you guys think about that?
Im not going to say theyre wrong, neither am I going to say theyre right. They said if Bitcoin is going to replace dollar right? Very good bitcoin is not replacing dollar, so the rate is $4000 then lol.
In a way this is kind of making sense. There is how the value of every currencies are calculated, though I cant explain it, but if bitcoin happens to be made the currency of a particular country, then it wont even worth up to $50; especially if its made the currency of a third world country.