Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
The future of bitcoin remains in its glory, it's okay for the Chinese government to ban bitcoin transactions from happening in his country, but this attitude is not necessarily the same as his people's attitude, I feel sure there are Chinese people playing here with bitcoin mining.
Currently the eyes of chinese officials are being closed to the royal throne as the rulers of the market, one day their eyes will be wide-eyed as bitcoin transactions flourish in his country, after which they will probably lift their ban.
I just watched a video of a prediction about the future of Bitcoin and some of the other big cryptocurrencies. This guy seemed to know what he was talking about and was believable. He was saying that the major cryptocurrencies will become in the future what the big tech companies are today like Microsoft, Apple, and Google. Basically the market caps of the good cryptocurrencies will get to that level which is the hundreds of billions of dollars. Currently Bitcoin is around 55 billion but most are under 10 billion. So if he is correct, many of the major coins will have massive increases over time. I don't think he gave a time table but I would guess maybe 10 years down the road.