5 Reasons to be Bullish on Bitcoin
The following guest post is courtesy of Marco Streng, CEO and Co-founder of Genesis Mining.
Bitcoin is too volatile. Bitcoin is too small. Bitcoin is too risky. These are the types of headlines I am reading over and over again every day and have been for the last 4 years. And you know what? They are right. Bitcoin is all of those things. For now. I don’t believe it will always be that way. The key phrase missing from all these headlines is that Bitcoin is too new.
Bitcoin didn’t even exist 6 years ago. And in just a matter of five years, we’ve seen tremendous growth. There is not a mainstream publication that hasn’t covered Bitcoin and every day, it’s becoming more and more popular. Nearly every government in the world has acknowledged Bitcoin and they will continue to do so, they have no choice. The Gandhi quote, “First they laugh at you, then fight you, then you win” is entirely true. We’ve now graduated on to the fight phase. And that’s exactly what’s happening right now: a fight. A fight between old systems and new technology. A fight between closed minds and open minds. And a fight between people who want things to stay the same and thousands of entrepreneurs on a mission to bring change.
Despite all the issues the industry has faced in the past years, I remain bullish as ever. While some are caught up looking at the price of Bitcoin and other alt coins, I believe we need to look at the big picture. Regardless of all the negatives, there are
Originally appeared at: http://leaprate.com/2015/08/5-reasons-to-be-bullish-on-bitcoin/