Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
Technology before but right now its more on the peoples attention and peoples mindset. Bitcoin is good for transacting faster than the banks but since governments are against this one, we can't enjoy its true potential. Bitcoin will grow more if there's a big support from the government and the investors.
Governments are not supporting this digital currency because of its decentralized nature. They are fearful that making this currency legal would snatch the control of them over the citizens. But still people are enjoying its true potential as the market is growing at a faster rate. I think if governments will allow this currency to be used legally and would remove all restrictions from it, the economies of the countries would become more stable, more people will be attracted toward this currency and this will increase the price of Bitcoin.