Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Gold & the USDX: Correlations - 2nd Dec 20
How An Ancient Medicine Is Taking On The $16 Trillion Pharmaceutical Industry - 2nd Dec 20
Amazon Black Friday vs Prime Day vs Cyber Monday, Which are Real or Fake Sales - 1st Dec 20
The No.1 Biotech Stock for 2021 - 1st Dec 20
Stocks Bears Last Chance Before Market Rally To SPX 4200 In 2021 - 1st Dec 20
Globalists Poised for a “Great Reset” – Any Role for Gold? - 1st Dec 20
How to Get FREE REAL Christmas Tree 2020! Easy DIY Money Saving - 1st Dec 20
The Truth About “6G” - 30th Nov 20
Ancient Aztec Secret Could Lead To A $6.9 Billion Biotech Breakthrough - 30th Nov 20
AMD Ryzen Zen 3 NO UK MSRP Stock - 5600x, 5800x, 5900x 5950x Selling at DOUBLE FAKE MSRP Prices - 29th Nov 20
Stock Market Short-term Decision Time - 29th Nov 20
Look at These 2 Big Warning Signs for the U.S. Economy - 29th Nov 20
Dow Stock Market Short-term and Long-term Trend Analysis - 28th Nov 20
How To Spot The End Of An Excess Market Trend Phase – Part II - 28th Nov 20
The Gold Stocks Correction is Maturing - 28th Nov 20
Biden and Yellen Pushed Gold Price Down to $1,800 - 28th Nov 20
Sheffield Christmas Lights 2020 - Peace Gardens vs 2019 and 2018 - 28th Nov 20
MUST WATCH Before You Waste Money on Buying A New PC Computer System - 27th Nov 20
Gold: Insurance for Prudent Investors, Precious Metals Reduce Risk & Preserve Wealth - 27th Nov 20
How To Spot The End Of An Excess Market Trend Phase - 27th Nov 20
Snow Falling Effect Christmas Lights Outdoor Projector Amazon Review - 27th Nov 20
4 Reasons Why You Shouldn't Put off Your Roof Repairs - 27th Nov 20
Further Clues Reveal Gold’s Weakness - 26th Nov 20
Fun Things to Do this Christmas - 26th Nov 20
Industries that Require Secure Messaging Apps - 26th Nov 20
Dow Stock Market Trend Analysis - 25th Nov 20
Amazon Black Friday Dell 32 Inch S3220DGF VA Curved Screen Gaming Monitor Bargain Deal! - 25th Nov 20
Biden the Silver Bull - 25th Nov 20
Inflation Warning to the Fed: Be Careful What You Wish For - 25th Nov 20
Financial Stocks Sector ETF Shows Unique Island Setup – What Next? - 25th Nov 20
Herd Immunity or Herd Insolvency: Which Will Affect Gold More? - 25th Nov 20
Stock Market SEASONAL TREND and ELECTION CYCLE - 24th Nov 20
Amazon Black Friday - Karcher K7 FC Pressure Washer Assembly and 1st Use - Is it Any Good? - 24th Nov 20
I Dislike Shallow People And Shallow Market Pullbacks - 24th Nov 20
Small Traders vs. Large Traders vs. Commercials: Who Is Right Most Often? - 24th Nov 20
10 Reasons You Should Trade With a Regulated Broker In UK - 24th Nov 20
Stock Market Elliott Wave Analysis - 23rd Nov 20
Evolution of the Fed - 23rd Nov 20
Gold and Silver Now and Then - A Comparison - 23rd Nov 20
Nasdaq NQ Has Stalled Above a 1.382 Fibonacci Expansion Range Three Times - 23rd Nov 20
Learn How To Trade Forex Successfully - 23rd Nov 20
Market 2020 vs 2016 and 2012 - 22nd Nov 20
Gold & Silver - Adapting Dynamic Learning Shows Possible Upside Price Rally - 22nd Nov 20
Stock Market Short-term Correction - 22nd Nov 20
Stock Market SPY/SPX Island Setups Warn Of A Potential Reversal In This Uptrend - 21st Nov 20
Why Budgies Make Great Pets for Kids - 21st Nov 20
How To Find The Best Dry Dog Food For Your Furry Best Friend?  - 21st Nov 20
The Key to a Successful LGBT Relationship is Matching by Preferences - 21st Nov 20
Stock Market Dow Long-term Trend Analysis - 20th Nov 20
Margin: How Stock Market Investors Are "Reaching for the Stars" - 20th Nov 20
World’s Largest Free-Trade Pact Inspiration for Global Economic Recovery - 20th Nov 20
Dating Sites Break all the Stereotypes About Distance - 20th Nov 20

Market Oracle FREE Newsletter

FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

5 Ways Bitcoin can Improve its Odds of Becoming the Future of Money

Currencies / Bitcoin Nov 15, 2017 - 11:17 AM GMT

By: Boris_Dzhingarov


In 2013, Forbes' Kashmir Hill tried to live on Bitcoin for a full week and it was a rough experience. She couldn't pay her rent, she was practically living on BTC-bought Sushi, and she had to walk or bike to most places. Now, living on Bitcoin for a week will be a significantly improved experience because many merchants both online and offline now display the "Bitcoin Accepted Here' sign. In fact, CNBC has a video documentary showing an entertaining attempt to live on Bitcoin on 2017

Thankfully, much of the existential fears facing Bitcoin have waned, the cryptocurrency is starting to get interest on Wall Street. Now, governments are no longer worried that Bitcoin will birth Silk Road 3.0; in fact, Bitcoin has been legalized as currency in Japan. Yet, the cryptocurrency is not yet in the clear because it is yet to gain mass-market adoption.

 Until a large part of the population start to buy Bitcoin, there will always be the risk that it could become another insanely great technology that flopped because it was somewhat ahead of its times.This piece looks at 5ways Bitcoin could be the future of money and to neutralize some of its existential threats

Beating inflation consistently

One of the ways Bitcoin can solidify its position as the future of money is for its value to continue to outpace inflation for all users. One of the biggest problems ailing fiat currencies such as the USD, Euro and Chinese Yuan is that their value can't seem to keep up with inflation. Governments print out money indiscriminately; thereby, increasing the monetary supply while reducing the inherent value of money. The total supply of Bitcoin that can ever be mined is capped at 21 million BTC; hence, the odds are high that the value of the cryptocurrency will continue to rise as more people start using it as an alternative to fiat.

Facilitating Borderless movement of wealth

The cheapest way to move significant amounts of money from one country to another country is probably to pack them in suitcases, load them up on a plane, and fly the plane from your present location to your destination. Moving huge amounts of money through traditional financial institutions attracts huge fees – fees that could be enough to make a fortune in some economies. Bitcoin makes it easy for people to transfer wealth across borders without paying undue fees and without attracting the attention of governments, regulators, or criminals who will be intent on getting a piece of your wealth.

Powering financial inclusion

The Internet essentially turned the world into a global village in terms of communications. With the Internet, it is easier to communicate with people on other side of the world in real-time with VOIP, social media, and email at an unbelievably cheap cost. However, there's still a huge gap in the global economic landscape. Bitcoin's position as the future of money will be guaranteed if it succeeds in driving financial inclusion for the world's unbanked population.


Similar to powering financial inclusion, Bitcoin can be a great tool for helping people create wealth without necessarily getting "approval" from financial regulators. Startups, entrepreneurs, artistes, and people with causes can get financial support through the inherent crowdfunding opportunity that Bitcoin provides. When you need financial support for a cause, all you need is to provide potential supporters with your Bitcoin address or QR code, and you'll be on your way to getting the financial support without forcing people to fill out any boring forms.


One of the main selling points of Bitcoin is that it makes micropayments practical by eliminating the third-party payment providers. Payment providers charge a fee to process transactions but the fees charge usually doesn't make sense for micropayments under $1. With Bitcoin, the pricing of goods and services will become more efficient you won't incur significant costs on transactions that are less than $1.

By Boris Dzhingarov

© 2017 Copyright Boris Dzhingarov - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules