Bitcoin as an alternative neo-asset class, does not command as much attention as it should from mainstream investors. Bitcoin is one of those opportunities that don’t come too often,a great proxy investment at one of the greatest innovations of our age. Over the next 4 years, I expect the price of this digital asset will take off to at least $4,500 and go on a series of cycles to unprecedented highs.
Tuur Demeester has put out some projections on possible price levels for a variety of use cases
As a full time Bitcoin market analyst, I have watched Bitcoin evolve over the past 4 years, (i came across Bitcoin by chance in 2011 on a podcast show on virtual reality economies). I track the progress of both price and fundamentals.
As an asset class, it has 2 things going for it.
Bitcoin is a world class censorship resistant digital asset with a supply cap
Through sensationalist media, the world has witnessed the consequences of governments gone bust, when everything but the kitchen sink are bandied about to cover up for loose monetary and fiscal policies .
Cypriot banks depositors
Read more ... source: DeepDotWeb
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