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February 11, 2013, 04:19:19 PM |
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From a very long term perspective, it is super bullish
For most of the people on the earth, after they have established well and have bought their house, the only demand is more money for saving
But it is very difficult to save those money in dollar's form, since in current monetary system, all the dollar saving will incur some debt at somewhere else in the society, cause a backfire and hurt the future income
Housing used to play the role as both living and saving tools, but now when most of people have had their house, it is very difficult to find the next demand that huge enough to push the economy forward, high speed train project, green energy, IT infrastructure modernisation, these are all the desperate attempt to restart the economy growth, but they are in no way getting close to the effect of housing
But saving is different, unlike housing, the demand for saving is endless, especially when many people are currently debt laiden. One might be satisfied with one house, and feel more troublesom to maintain more than 2 houses, but he will not feel uncomfortable with billions worth of saving in his account
Of course if BTC really developed itself into a bubble, FED might be worried and want to tighten, but they also need something to jumpstart the economy, so BTC might give them some help now
Thinking about a future with many professional miners and ASIC companies, BTC online service provider, BTC buyers and sellers... Just like what is happening with gold now. Unlike gold, the BTC business is still in it's early stage, have a huge market potential
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