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Based from the standing of Bitcoin today, I can say that it can go way further and develop in a more efficient method for payment.
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It’s up to the people how they are going to use their Bitcoin money. But, sadly, some are using them for illegal transactions such as buying drugs or weapons.
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If you’re looking at Bitcoins as investment, the first thing to do would be to buy and take advantage of the drop as long as it lasts.
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Since Bitcoin is still not governed by any law, it is just to have no definite legal definition. It should be dependent on how a sovereign country should define it based on their sociological framework.
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Old people are mostly deaf with the talks in relation to digital stuff nowadays. However, make things simple and on how they can make dollars out if it will be the way.
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Bitcoin is the most complex yet the easiest currency to use as well. It is not printed out like other currencies but its creator Satoshi Nakamoto is wise to make it the currency of the free.
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Keep in mind that bitcoin cannot be fully controlled even by the government. They may ban bitcoin but that act will be completely useless, knowing how rampant the activity is here and that nothing is stopping it.
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Merely observing the pattern will lead us to that feasible conclusion that yes; bitcoin might drastically increase its value again. However, now that it is December, it seems like that will be done next year instead.
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If you are talking about popularity then yes, bitcoins are certainly mainstream, but if you are talking about bitcoins as a mainstream currency then we may see it becoming so in the near future as it gains more support.
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