Everyone from the Warren Buffet to the biggest Wall Street banks have been making their own bitcoin predictions in the hopes of getting a piece of the fortune that this technology is creating. All of this attention has resulted in a new buzz word called ‘cryptocurrency’.
However, the real story behind the explosion of ‘cryptocurrency’ can be found in how everyone is trying to predict its future. There are several well-known publishers of business and finance magazines, who all offer their readers a piece of the story about the potential future impact of this new technology.
So, with these predictions coming from venture capitalists and billionaires like the Winklevoss twins and Marc Andreessen, it seems that everyone is trying to be part of the next big thing. It’s also interesting that these so-called business experts have all been talking about the real potential for this new, ‘futuristic’ technology.
Financial analysts and other writers don’t seem to see anything controversial about it. This should come as no surprise, considering that it is actually quite similar to what we’ve seen with the financial futures of several other technologies, including the new global currency we are discussing.
The biggest difference is that the future of bitcoin trading will involve trading value rather than merely trading ownership. Even though this technology is still at the experimental stage, there is no reason why someone cannot buy and sell an equal amount of the virtual currency.
Unfortunately, it will probably be more difficult to make a fair comparison between the values of these two currencies. The reason for this is that the market for digital currency is likely to develop more rapidly than the market for traditional currency, as it will also need to become a mainstream product.
Most experts agree that most people will probably be able to get their hands on some digital currency over the next couple of years, but it will probably be a while before we see it dominate the public markets. A key reason for this is that the information highway is still not fully developed.
Until there is a way to transfer digital money instantly from one person to another, it may be a while before this technology will be widely accepted. We may not be ready for digital currency exchanges, at least not right away.
If you’re willing to try your hand at predicting the future of this technology, then there is no need to keep looking for a place to post your predictions. As long as you are willing to spend the time, you can find out the information you need to make an informed decision about whether or not to invest in this new revolution.
Don’t let anyone try to fool you into buying into their analysis about the whole future of this technology. It’s important to realize that most experts are only predicting the type of businesses that will likely be able to capitalize on this new technology.
People who make speculation bets on this technology will likely end up disappointed, even if they win a small portion of the opportunity. It is possible to profit from this new innovation, but only at the margins.
One thing that will certainly emerge as a successful business model is a program that can buy and sell enough currency to cover the costs of your business. Because it will be a relatively short-term investment, it will allow you to take advantage of this technology without making too many long-term investments.