Byron Wien Announces Predictions for Ten Surprises for 2014
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In 2½ years the price of a Bitcoin has increased from $25 to $975. The supply of Bitcoins is fixed at 21 million with 11.5 million in circulation. Bitcoins lack golds position as a store of value over time. During the year Bitcoins acceptance collapses as investors realize that it cannot be used as collateral in financial transactions and its principal utility is for illegal business dealings where anonymity is important.
http://www.blackstone.com/news-views/press-releases/details/byron-wien-announces-predictions-for-ten-surprises-for-2014Just for the records, let's see what happens this year.
That's a new one. I'm sure there are some examples out there already where bitcoin was used as collateral. I'm sure the various trust funds would qualify. From a security standpoint, bitcoin is even better than gold if you want to use it as collateral for a loan, for example. It's really easy to prove you have ownership of a bitcoin address. Try proving that you own $10MM worth of gold, without having to pay through the nose for security.