In fact, bitcoin itself a lot of problems, far from perfect, but its decentralization seems to be a trend. As an inevitable result of the rapid development of the Internet in the Internet age, Bitcoin has been recognized by more and more countries. The key behind this is that in these countries they are centralizing the areas where the United States dollar, the renminbi and the euro can not realize their own currency. Decentralization of Bitcoin, in the future, will be the starting point for them to reduce their severance pay to the major powers. As a result of this reality, The future of bitcoin will not be able to die out, and it must be recognized by these countries in some regions. What do you think?
Bitcoin is viable because of its awesome technology. Aside from being decentralized, it is the first currency that solves double spending for digital currencies using blockchain technology.
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
- Don & Alex Tapscott, authors Blockchain Revolution (2016)
In my own opinion, the reason why bitcoin is viable it is because of the blockchain technology.
As long as bitcoin will be accepted worldwide bitcoin won't die and will remain to function as a store of value, but we need to be careful when investing into bitcoin because its value is very volatile. Only invest an amount that you can afford to lose.