Folks, we seem to be living under the ancient curse of "May you live in interesting times" with more to come. Just what a future with Bitcoin means is both a terrifying and exhilarating ride on the crest of a financial wave that will either crash early or build to tsunami-like proportions, economically sweeping aside everything in it's path.
I'm hoping for the latter.
All being said, as the revolution continues I've been considering Bitcoin place among other cryptocurrencies. Bitcoin is the undisputed king, the gold standard of them all but with the recent rise of several secondary coins in value I am wondering if we one day see Bitcoin's value become so incredibly high (100K+) that it becomes wholly a store of value as some investors already see it as. BTC may come to be seen as so valuable that rather than adopting smaller units as currency it instead becomes "digital gold bullion" to be held and traded at the top end of the market for quantities of some secondary coin (or fiat if desired) that is the day-to-day cryptocurrency the general public uses?
Personally, I hold positions in both BTC and LTC and a few other minor coins but I have a feeling that if the future plays out as a mirror of the physical economic system we will see several distinct classes of cryptocurrency, with BTC and LTC (or whatever) as the Gold and Silver of the new world and other more plentiful coins becoming the world unit currencies.
Perhaps one day I will give my grandchildren a still loaded 1 BTC Casascius coin to hold and they will thrill at how rare and valuable the small thing they are holding in their hands is worth.
Am I daydreaming here or does this sound possible and plausible?