Bitcoin, Future or Threat?

what happens to bitcoin in the future?

Bitcoin is considered the most lucrative investment in the future. But the level of uncontrolled fluctuations makes bitcoin a high risk. On the other hand, its anonymous ownership makes bitcoin prone to be used for crime-related transactions.

James Altucher, a technology investor, fund manager, and venture capitalist, writes 10 predictions about this digital currency. According to him, 98% of existing digital currencies fall into the category of fraud, but bitcoin, and a number of other digital currencies, have different cases,Altucher calls bitcoin and a number of other digital currencies sometime will replace the position of paper money as a medium of exchange.
Now according to Altucher, bitcoin and a number of other digital currencies will replace the paper money as a means of transaction.

Here are 10 bitcoin predictions from Altucher.

• There is one country whose currency is dead, possibly Argentina or Venezuela. This will make the bitcoin adopters increase enormously, which will trigger an increase in bitcoin value to over USD 50 thousand when it does.
• 95% of digital currencies other than bitcoin will disappear, just like when dotcom sites are booming.
• The mainstream bank will receive bitcoin, and start offering bitcoin storage facilities.
• China will invest heavily in digital currency, though most likely not bitcoin.
• The US government will quietly start accumulating one of the small digital currencies to facilitate transactions in gray areas with other countries.
• More and more companies will pay their freelancers using digital currency.
• The main problem in the digital currency is volatility, and this is predicted to decrease dramatically.
• Digital currency will change the monopoly of currency that by the government of a country.
• There will be new government agencies created to analyze the regulation of digital currency.
• Thousands of digital currency companies will be created and will go public, but only a few can succeed.

Those are some predictions of digital money according to James Altucher.