O God. I am not even Techie. For long time I was unaware about all this. But then I came to know about Blockchain and then Bitcoin.
So The Question is what I am thinking about Future of Bitcoins. I want to make it little bit Wide. Let talk about Crypto Currency.
My view is That All due to political interference, Central Bank's are now weak and the way Indian Prime Minister Took decision about Demonetisation, it affects Money and Faith on RBI. That's why People now searching such options. Bitcoin is one out of it.
Bitcoin is currency. But the way people are INVESTING in it, making it bubble and if I am not wrong, many people are talking about it. Someday it will burst. I am sure that market mechanism will help us to search the real price of it.
As currency, the future is Bright. As Asset there is no future as it is not asset at all. Recently I saw tweet from Ashwath Damodaran. He mentioned that Gold is Currency. Why people will buy Gold? Because if there is no hope and faith on govt then there is no faith on Currency. When there is Someone named Donald Trump is sitting in White House and there is Narendra Modi, who you can't say when will manipulate Indian Currency. People want to buy gold. So for new Generation, Bitcoin is that Gold. Till then There is uncertainty future of Bitcoin is bright