regulated than try to destroy it (which they can’t). Think back to when the U.S. government finally realized that prohibition was unenforceable. Better to regulate alcohol and tax it.
Bitcoin has rocketed from a low of 75 cents to more than $3,000 at its height – an astronomical 400,000% gain.
WHERE’S THE FUTURE VALUE?
“reserve currency” of all cryptocurrencies... As the values of other fiat currencies are measured against the reserve currency of the dollar, the values of other cryptocurrencies are measured against bitcoin. You can’t swap your dollars, euro, or yen directly to buy other cryptocurrencies. Often, you need to first swap your dollars for bitcoins… and then exchange your bitcoins for other cryptocurrencies. Bitcoin’s “reserve” status means it deserves a home in your portfolio.
The real strength of bitcoin is the underlying network of highly secure computers that support it (called the blockchain). This is where much of the value creation will come from. As I write, software developers across the world are building applications designed to piggyback off this network. Over the next three years, we’ll begin to see a slew of new applications emerge for bitcoin and the network that supports it. They will support everything from asset tracking to recording land registries. And much more that we can’t even think of yet. That’s why bitcoin will continue to grow in value. Since those obituaries started popping up in 2011, bitcoin has rocketed from a low of 75 cents to more than $3,000 at its height – an astronomical 400,000% gain. The next time you find yourself being scared out of owning bitcoin by a negative article, do yourself a favor... Read the last 129 times bitcoin was declared dead. And finally, consider that bitcoin is like the
Lee Judge Editorial Cartoon used with permission of Lee Judge and the Cartoonist Group. All rights reserved.
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