- “The bid for precious metals is accelerating. Gold just broke above its October 2015 highs to 8-month highs. Silver is also bursting higher, soaring above its 200-day moving-average.”
Excellent infographic by r/bitcoin contributor – u/cryptoconomy.
To understand the potential Return on Investment in Bitcoin, it’s important to take a close look at the fundamentals and market cap of all other major asset classes, that are a potential source for capital flows into Bitcoin.
My video takes a look at the potential of the bitcoin price in the long term, based on a 5% wealth transfer from the world major asset classes, that would take Bitcoin to a $10-$12 trillion market capitalisation.
It also highlights the risks that Bitcoin still faces, if this scenario was to become a reality.
]Editors Note] – Excellent discussion with Reggie Middleton of boombustblog.com. How the global financial system & society in whole would benefit, if it moves away from the inefficient heteronomous financial system we have today; by moving towards an autonomous financial system powered by the likes of Bitcoin and Blockchain technology.
[Editors Note] Whilst 2014 brought with it a 56% correction and consolidation in the price of Bitcoin.
Bitcoin bounced back with a 35% appreciation in 2015,potentially setting up a new bull run as we enter 2016.
Via Kyle Bass @ wallstreetweek.com,
Debasement of the Yuan would be extremely bullish for alternate money/currency including Bitcoin and Precious metals.
China has $22 trillion in deposits part of which could soon find its way into these assets, if debasement and capitals controls for the Yuan hits.
[Editors Note] I address this common question in the Bitcoin space, and why I dont think it will be the case:
“Due to the uneven distribution of the Bitcoin currency at this time; , If Bitcoin goes mainstream wont it just lead a new powerful financial elite or 1% and cause massive wealth inequality in the same way the existing global financial system does”