The great failure that many naysayers expected to occur when it comes to Bitcoin didn’t happen.
This is because like every true disruptive technological innovation, there comes a time when the innovation changes from the “Kickstarter” stage to the maturity stage when it is a given that it exists.
Here are several things you should expect in the coming months and years concerning Bitcoin.
Libra is Going to Change the Game
Believe it or not, Facebook’s Libra is going to make everyone start asking themselves the question we have been waiting for all these years: “Why the heck aren’t we using Bitcoin”.
This is because when people hear about cryptocurrencies they hear the word “Bitcoin”.
So, while Libra may make a lot of money on its own, the real Cryptocurrency gaining will be Bitcoin!
This is because it is the first cryptocurrency and the one that has market dominance.
So, huge inflows are going to enter the crypto space because Facebook’s Libra entered the game.
Do you now understand why American politicians are afraid of Libra?
Expect the Big Banks to Try to Control Bitcoin Prices
Just like any other tasset or security on earth which holds the room for profits, the big banks are also going to try and get their share of the profits in the Crypto Space.
Expect the banks to implement all kinds of ways, means and methods to try and control prices the best way they know how: market manipulation (indirectly of course).
The big banks are going to try and use artificial intelligence in high-speed trades (if they aren’t already doing that), pumping and dumping of Bitcoin, news cycle control and just about every other tactic in the book to get Bitcoin prices to work in their favor.
For a while, they will succeed, but there will be major price corrections which will affect the bankers and their plans.
These price corrections will come from the people!
Higher Volatility is in the offing
With the new set of cowboys coming into the Crypto space rather than the usual suspects, there is going to be a lot of machismo and adrenalin pumping which will bring huge swings in the market.
Bitcoin prices this summer are going to function like the polygraph test of a compulsive liar trying to tell the truth: all over the place.
However, prices are going to keep going in one direction: up!
It is only when Bitcoin prices hit the last price of $20,000 which may happen in as little as a few days to as much as a few weeks, that we would see some decision making on the side of the Bulls.
Governments are Going to Become Sharply Divided
Governments who are friends, frenemies or even enemies are all going to be sharply divided on the new phenomenon known as Bitcoin.
As such, regulations from all sides of the pendulum are going to occur with no single unilateral move made by a Country or a group of Countries on Bitcoin and the cryptocurrency world.
More volatility, media, and exposure is going to force people to read up “what the heck Bitcoin is”
More controversies, security issues with Bitcoin and crypto platforms and more crypto-drama shall ensue.
In summary, we are in for a wild and exciting ride.
One thing is certain though: Bitcoin is going to become the King of the hill!
What do you think? What’s in Bitcoin’s future?
Please let us know in the comments!
