Oct 15, · YouTube\Real Vision. The price of bitcoin could hit $1 million in five years, up from about $11, now, thanks to an "enormous wall of money," a former Goldman Sachs hedge-fund Author: Shalini Nagarajan. Bitcoin, or other forms of cryptocurrency for that matter, undoubtedly opened up the possibility of developing an alternative financial system. But to be the true "Future Money", Bitcoin must solve its challenges before better cryptocurrencies replace it. A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer.
Will bitcoin be future currencyBitcoin: Currency for the Future?
Apart from the above-mentioned things, the major aspect is that day by day, bitcoin payments are accessible everywhere. All great merchants, banks, institutions, online casinos, and governments accept it. So, people who invested in bitcoin can simply perform all activities and buy goods and services, luxurious items, and invest in properties as well.
So really, mainly, a bit of cash, some gold, and bitcoin," he said. Tyler Winklevoss, the Gemini crypto exchange cofounder and CEO, has also said that bitcoin could also be propelled by the Federal Reserve's global quantitative-easing program.
Winklevoss added in August that the US dollar was no longer a " reliable store of value " and that there was no better time to buy bitcoin. He shares his two favorite trading setups that've led to his king-size returns.
Shalini Nagarajan. Read the original article on Business Insider. Indices in This Article. Dow Jones 30, Currency Exchange Rates.