This guy thinks that trillions of dollars will be invested in Bitcoin for the next 5 years.Why?
Will retail merchants accept BTC payments?Nope.Will the average Joe abandon all his credit/debit cards and setup a BTC wallet+buying some Bitcoins?I don't think so.The only way for pumping the Bitcoin price that high is to create a huge price bubble with the help of institutional investors-banks,hedge funds,corporations.
Don't rule it out. A lot can happen in 5 years. The crazy Bitcoiner in me thinks central banks could enter the picture as well, with BTC becoming a reserve asset eventually.
Don't get me wrong.I want the Bitcoin price to go as high as possible,but let's be realistic.I want this to happen in a stable and predictable way,due to the mass BTC adoption and not via price bubbles&speculation.
No more bubbles? Unlikely. Until mass adoption has actually occurred, it'll remain a very speculative market.