What will be the end game for bitcoin?
Businesses will continue to experiment with the blockchain, proving that that innovation is separable from the bitcoin the currency. At the same time, there's all these people out there who bought into bitcoin as a tinker toy, thinking they might make some money on it. Maybe they bought $100 when it was worth $10 bucks a coin, and now they're sitting on $4,000. Many of them will treat themselves to a vacation or a new computer with their bitcoins, and they don't buy back in. There's no evidence that people who spend down their wallets buy back in. Little by little it will just atrophy, because nobody is really using it. The big kids will get out, and the little guy sitting on one, two, or, sadly, many more bitcoins will lose it all.
Thanks for sharing amazing content. ;)
Cheers from @sologimi.
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good Thought piece. currently bitcoin serves as the crypto reserve currency and product by default. still needed.
also current adoption is very small if any sort of main steam application takes hold.... Hang tight.
Coindesk, a leading blockchain news site, has been tracking the number of wallets in use. It publishes this data in its quarterly state of the blockchain report. In 2016, it reported that close to 14 million wallets had been in use.
14 million wallets and 7 billion people on earth. lots of those wallets are dead or duplicates.
upvoted and following. thanks.
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