Thanks for sharing this. The second article provides real wealth of bitcoin related information. There are many interesting points (like comparing the volatility of gold with the volatility of bitcoin), but what I found especially interesting is this:
I wonder to what degree people are aware that bitcoin is such an alternative? I guess they are not really aware. It is a huge space that one day bitcoin could potentially disrupt.
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Its censorship-resistant nature provides an attractive alternative to the private offshore banking system currently estimated to hold ~$8 trillion for individuals.
I wonder to what degree people are aware that bitcoin is such an alternative? I guess they are not really aware. It is a huge space that one day bitcoin could potentially disrupt.
Agree. It's a massive untapped market. Even if a small percentage of of these users used Bitcoin as an alternative to private offshore banking system would substantially increase BTC USD value (and also save vast amounts on private bank fees); they'll actually own their private keys rather than putting their trust in a central authority, free from censorship/sanctions etc.
The gold market is another $trillions untapped potential, BTC is more divisible and portable than gold as a store of value to name a few of its strength.
Gold is a proven store of value whereas bitcoin is not. People would be foolish to move millions or billions of dollars in to something that is not yet proven and there's no real demand for. It may happen one day but it is not going to be for a long long time. BTC will need to be around for a few generations before that happens. That is my expectation.
