Don't get stuck in time, if you think about it, money is the only thing it hasn't evolved... until now
Remember the internet first appearance or when nobody gives anything to a generic domain, or even email and then you start seeing news about millions deals in generic domains...
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The price of Bitcoin is increasing at an exponential rate and it's going to continue at least until it is worth between $20,000 and $100,000 / 1BTC
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Here is why!
Many people look at the price increase of Bitcoin and think it's a typical investment bubble, but I think we should not consider Bitcoin to be just another stock. Bitcoin should rather be compared to Email, Websites, mp3 and eBooks instead.
It's a technological innovation that to a large extent may replace the previous technology in 5 stages:
Fermentation: This is the stage when the new technology is only known in very specialized circles. At this stage the technology is being tested and if it survives it acn proceed to the next stage. This was the first 2 years of Bitcoin starting from developer Satoshi Nakamoto's paper published in 2008.
Exponential Growth: The more people use the new technology themore useful it gets for everyone involved. This effect accelerates the adoption. With crypto currencies we're at the beginning of this stage. The benefits of crypto currencies increase as more preople have wallets and more merchants accept it.
Transitional Stage: This is a stage when new technology reached critical mass and every late adopter is joining in at a decreasing rate.
Plateau Stage: When the new technology saturated the global population the adoption rate plateaus. This can be anything from 1% or 99% of the population depending on how successful and transformative the new technology. Crypto currencies are likely to live next to fiat currencies for a long time, but it is also likely that the adoption rate will be high comparable to email or eBooks.
Decline: All technologies eventually become outdated. We won't concentrate on this point, we are too far away from it and we should not be worry about it at this stage because we are in the 1st stage called "Fermentation", where the opportunity I'm offering you is placed: "the proper offer at the proper time".
We've seen exponential adoption rates of several fields of life all reinvented thanks to information technology. Crypto currencies are the next step for money and they are being adopted at an exponential rate as well, just like email a few decades ago and eBooks a few years ago. And we don't even talking about the music industry, who buys a record in a physical store since the iTunes revolution, do you see where I'm going?
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