Charting a future course for Bitcoin
Even as the past for Bitcoin has been filled with heaping helpings of unpredictability, investors still want to know what is next for the digital coins. That seems a tall task, as the path of Bitcoin has been anything but steady. Every time it looks like it is going to stabilize, another unexpected turn of events comes out of nowhere to change everything in a heartbeat. Still, as frustrating as it might be, investors must try to find its destination a week from now, a month from now, even ten years down the road, since that will determine whether they should buy or sell. The best investors can do at this point is to try and examine the past, look at all the present factors, and take an educated guess at what is in the offing down the road.
What makes determining Bitcoin’s future course so difficult is the fact that much of the coins’ fate is in the hands of other entities. Governments, banks and other large institutions will have a large say in the future of Bitcoin through their actions against or for the coins. For an investor, it can all be a little bit much to handle and take in, which is why many prefer the ability to put their Bitcoin investments in the hands of a trusted trading program like Bitcoin Code. For those who are going to try to figure out both the near and far future, here are the factors at play.
The Regulation Question
The main factor in the future of Bitcoin seems to be how much it will be allowed to continue unfettered by regulation. And if regulation does come in some form, is it necessarily a bad thing? After all, some sort of government acceptance of Bitcoin would give it some measure of reliability as an investment, since people wouldn’t have to worry anymore that it is completely going under. Still, once a government gets involved, it could lose some of the coolness factors that made it so special in its early stages.
Room for Growth
The worry that all investors seem to have with Bitcoin is that it may have already reached its peak as an investment property. After all, it has risen a long way since its inception about a decade ago. Yet there isn’t yet complete public saturation with the coins. Many people know only vaguely what Bitcoin is but haven’t yet explored it completely. So, growth isn’t out of the question.
What investors in Bitcoin are hoping for in their heart of hearts is a day when it takes over from cash, checks and credit cards as the premier mode of payment in the world. At that point, the people who are already involved stand to get a lot richer. But it is expecting a lot for the big financial institutions to go down without a fierce fight in the battle for financial supremacy.
Bitcoin’s future is a malleable thing, seeming to change every moment. Investors must be ready to follow it wherever it leads.