Wednesday, June 15, 2011

Bitcoin, Can The Currency Last?

About one year ago a new online currency, called Bitcoin began to take shape. At the time of launch not many people adopted the idea of yet another worthless fiat currency, similar to the US Dollar, however, the fact that they will eventually limit it's supply ended up slowly attracting more and more interested parties. After all, as the United States continues to print new money to the tune of trillions of dollars, eventually all the Bitcoins will be mined, and the currency will be limited.

Could the founders of Bitcoin be onto something or is it merely a fad that will die out as time passes? Will investors turn to Bitcoin as a means to counter inflation? These are all questions being asked at the various Bitcoin Forums online, with both positive and negative responses.

We'd like to hear your opinions on what you think the future of this brand new currency is. Will it survive from a value standpoint, and will the numerous world governments take actions against it?

3 comments:

bitvapes said...

As long as there is demand for mostly-anonymous transfer of money across borders nearly instantaneously, there will be demand for transactions in bitcoin.

Business Plan Writers said...

I guess upcoming era is of online and eCommerce and cloud business, so in Business Plan Writers point of view, it will take slow start but as times passes on it will gain momentum.

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