I'm in the category of those who believe Bitcoin will continue to grow in value and purpose. Contrary to that, I'm certain that USD and CAD will not grow in value or purpose. The fictions of massive Government debt, money printing and it's resulting inflation will see to that without question. Bitcoin is a decentralized and reasonably secure hedge or exit from the growing troubles of the global financial system.
A modest holding of Bitcoin is a responsible speculative investment. Gold and other precious metals are also a responsible hedge on the current currency climate (accidental alliteration!). The world's economy is digital and short of a global catastrophe of biblical proportions it ain't going backwards to trade in precious metals for everyday transactions. The future of finance and currency is crypto, whether it's state issued or decentralized or more likely both is to be determined.
We can revisit this post in 5 years and see what do.
|