"What do you think will drive the value of bitcoin in the short, medium and long term? In the next six months it will be strong hands vs. weak hands. There are still many weak hands – people who don’t know much about the fundamentals and who are quick to be scared by some sudden event, which could subject us to a price decline. In 12-24 months we’ll see adoption grow as products are developed for consumers around obtaining and storing bitcoin. I definitely expect a few more events like Cyprus, bankruptcies, and government turbulence that will drive people to bitcoin. Five to ten years from now the world should discover all the great benefits we talk about every day. Cryptocurrencies are scarce and make markets more efficient, offer more autonomy, diminish fraud, and allow for privacy. I think the world is going to discover that, which will drive the price up a lot. We’re going to continue to see a parabolic adoption curve. Right now people assume the status quo is going to continue to exist, but that’s just not the case – we’re living in an insolvent world." thegenesisblock/bitcoins-role-in-a-portfolio-and-the-economy-our-discussion-with-tuur-demeester/
Posted on: Thu, 04 Jul 2013 22:49:43 +0000