Is Bitcoin the new Red Pill?
Bitcoin, and things like it, are the equivalent of the new red pill. We are entering a complete world of uncharted waters. It is a huge deal, because what we’re talking about now is, in the next 2 to 5 years, an unbelievable better store value. It is gold 2.0.
Despite doubt, it’s a currency that is working. There are other currencies like it, and others may rise that could be better, but in the meantime, there are industries around bitcoin. The Bitcoin exchange market is a gigantic one already, companies like Zebpay, Unocoin and Bitxoxo have already established themselves as proof of that; and it has even wound up accounting for the incorporation of unbanked populations into the global economy, which is no small feat by any means. The fact people looking to buy and sell bitcoin have snowballed into a global movement surely shows how bitcoin is a significantly different trend than any other economic fad.
There is no central bitcoin company; there is no central bitcoin company or, presumably, a central bitcoin server that can be shut down. That is the unique thing about bitcoin: it is completely distributed. And for the first time there’s a way for people to exchange value without a third party intermediary.
Until the invention of bitcoin, in order for people to exchange money online, there would need to be a third party employed, like visa, MasterCard, etc.
Most of the people, who are on the sidelines, not buying bitcoin today, will probably start buying bitcoin when the prices reaches over thousands, and then, a greater percentage of people will plow into bitcoin when it surpasses over ten thousand. And that best bitcoin rate is projected to be a reality within 3 years.
Early bitcoin investors believe bitcoin will surely keep going straight up, price wise. Thinking that it has the potential to reach the million dollar price; as bitcoin is a revolution in money and banking in the same way the World Wide Web revolutionized communication. And among forecasts that expect the dollar to collapse, various people are relieved that there are alternative currencies being produced by the free market.