{"id":224,"date":"2017-01-18T23:35:23","date_gmt":"2017-01-18T23:35:23","guid":{"rendered":"https:\/\/blogs.scu.edu\/finis\/?p=224"},"modified":"2017-01-18T23:35:23","modified_gmt":"2017-01-18T23:35:23","slug":"future-of-bitcoin","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/finis\/2017\/01\/18\/future-of-bitcoin\/","title":{"rendered":"Future of Bitcoin"},"content":{"rendered":"

Here are five great reasons why Bitcoin\u2019s price will continue to rise in the future.<\/p>\n

    \n
  1. Bitcoin value increases over time by design:\u00a0<\/em>\n

    With Bitcoin\u2019s transactional volume increasing worldwide every day, a cap on production in the future, and a reduction in Bitcoins produced every 10 minutes just implemented July 10th, Bitcoin values will continue to climb for the foreseeable future.\u00a0U.S. Dollars and pretty much any fiat (paper) currency you can think of are losing value every year due to inflation, which is the increase of supply of said currency. Bitcoin is deflationary, by design.<\/p>\n<\/li>\n

  2. Fiat currency fatigue:\u00a0<\/em>\n

    With global access to the Internet, and so many recent economic collapses of paper currency, there is more interest than ever in a flat-out better economic system that is not so prone to failure after failure.\u00a0Mexico and Ecuador have been in discussions to mimic the Bitcoin blockchain and create their own digital currencies. Tunisia, a North African nation, has already started its own national economic blockchain, and Japan has accepted Bitcoin as a national currency, on par with the Yen itself.<\/p>\n<\/li>\n

  3. Wall Street\/ Big businesses hasn’t jumped onto Bitcoins bandwagon yet:\u00a0<\/em>\n

    Blockchain technology has been the darling of Wall Street, not Bitcoin. This is not without some good reason. Bitcoin has been embroiled in scandals and regulatory purgatory in many global locales, so it can be seen as a financial wild card to place big bets with.\u00a0PayPal has caressed the exterior of the Bitcoin concept, but it still is not a part of their core business. Microsoft\u00a0and Dell are the other major players, but until a mass adoption event happens, or is forced to happen by some greater economic meltdown, Bitcoin will be seen as an outlier, not the best bet.<\/p>\n<\/li>\n

  4. Cash is leaving the scene anyway:<\/em>\u00a0Nations around the world are funnelling the mainstream into the digital payment system and away from cash through soft bans. They may be doing it for economic control over all transactions, and the ability to record and tax every transaction in the future, but consumers will get closer and closer to the realization that Bitcoin is really their digital currency of choice.<\/li>\n
  5. The Global Reserve currency keeps loosing value:\u00a0<\/em>As the U.S. Dollar keeps accelerating its inflation through \u2018QE Infinity,\u2019 which increases supply and erodes its value every year, global interest in it continues to wane, and a Bitcoin will cost more and more to buy on the weakening dollar.\u00a0Since Bitcoin is not beholden to any country or economic paradigm run by the banking system, it can sit on the sidelines and collect value, like Gold and Silver will, while the legacy financial system continues to burn down around them. \u2018Digital Gold\u2019 has treated Bitcoin owners very, very well over the years, making incredible returns in six out the last seven years.<\/li>\n<\/ol>\n

    References:<\/p>\n

    https:\/\/cointelegraph.com\/news\/5-reasons-why-bitcoin-value-must-increase-in-future<\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    Here are five great reasons why Bitcoin\u2019s price will continue to rise in the future. Bitcoin value increases over time by design:\u00a0 With Bitcoin\u2019s transactional volume increasing worldwide every day, a cap on production in the future, and a reduction in Bitcoins produced every 10 minutes just implemented July 10th, Bitcoin values will continue to … Continue reading Future of Bitcoin<\/span><\/a><\/p>\n","protected":false},"author":1688,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-224","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"hamed","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/hamed\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Here are five great reasons why Bitcoin\u2019s price will continue to rise in the future. Bitcoin value increases over time by design:\u00a0 With Bitcoin\u2019s transactional volume increasing worldwide every day, a cap on production in the future, and a reduction in Bitcoins produced every 10 minutes just implemented July 10th, Bitcoin values will continue to…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1688"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=224"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/224\/revisions"}],"predecessor-version":[{"id":225,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/224\/revisions\/225"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}