The real danger of Bitcoin is not that the price goes down, it's that it disrupts our linear way of thinking with regard to money in general. Bitcoin will not replace the US dollar but it may destroy the US dollar by destroying the concept of money to the point where you know is it a video game ? is it real ? or what is money ? and once you get into that world, we're kind of in that world, we just don't realize. It's you know say the old saying we don't know who discovered water but we know it's not the fish because the fish is in the water and doesn't know about water until you take it out. We're in the world of Bitcoin and everyone spun up about the price, blockchain, and all that stuff, that's all content doesn't matter very much but what does matter is the water, the electronic environment that we're in the immersion. The water around the fish which destroying the idea of money and that may have consequences that go way beyond Bitcoin.
By Jim Rickards