What will be the narrative during the next boom cycle?

[BTCtrader71]

Every bitcoin boom has a narrative as the boom is happening, by which I mean: a widely accepted explanation for the boom, frequently repeated in the media.

The early 2013 boom narrative was this:
1) Cyprus caused big capital flight to bitcoin;
2) FinCEN rules offered a degree of legitimacy and removed some of the uncertainty.

The late 2013 boom narrative was this:
1) China China China! Chinese LOVE bitcoin!
2) Silk Road was shut down, demonstrating that bitcoin is not a panacea for illegal activity; plus, the bitcoin price did not crash as much as people would have expected, demonstrating that the bitcoin economy is supported by more than just drugs.

Note that in each case, there were two basic messages:
1) speculators are investing
2) bitcoin is legitimate

So here's the question. What will be the narrative for the next bitcoin boom? Here is my speculation:

1) Big time Wall Street investment increases despite the China fud ("speculators are investing")
2) Increasing usage by consumers - think Gyft, Overstock, Mastercard debit card. ("bitcoin is legitimate")

What do ya'll think?

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[TERA]

The biggest catalyst will be and has always been new exchanges opening. Exchanges opening in New York would be big. Also, if people somehow had a way to buy bitcoin (actual bitcoins) with any brokerage account, that would be huge. Think of a futures contract on comex where on the delivery date, you can have real bitcoins delivered to you.

[BTCtrader71]

The biggest catalyst will be and has always been new exchanges opening. Exchanges opening in New York would be big. Also, if people somehow had a way to buy bitcoin (actual bitcoins) with any brokerage account, that would be huge. Think of a futures contract on comex where on the delivery date, you can have real bitcoins delivered to you.

We already have Atlas https://atlasats.com/ , although I have not seen much mention of it in media. We also have bitcoin ATMs from various manufacturers, just starting to pop up. Think those will do it?

[Raystonn]

No.  We need a means of getting millions or even billions of dollars converted safely to Bitcoin.  This means an exchange in the U.S. that is covered by industry-standard insurance.  We need futures contracts on CME/GLOBEX.

[BTCtrader71]

This means an exchange in the U.S. that is covered by industry-standard insurance.

Hmm, I don't see anything about insurance on the Atlas website.

We need futures contracts on CME/GLOBEX.

What needs to happen for bitcoin futures to be traded on CME/GLOBEX? Will the Winklevii or Second Market make this a possibility?

[NationOwnedCCNow]

2 Words: FIAT FLIGHT


From any of the 20-50 economically disastrous countries.

+ Speculators and big biuissiness from both west and east
+ Corrupt millionares hiding their dough
+ Middleclass who doesn't want their "half ok" fiat to be reduced by half



Bitcoin will be 10,000+
Most community-supported alts will skyrocket 10x more

[Raystonn]

This means an exchange in the U.S. that is covered by industry-standard insurance.

Hmm, I don't see anything about insurance on the Atlas website.

We need futures contracts on CME/GLOBEX.

What needs to happen for bitcoin futures to be traded on CME/GLOBEX? Will the Winklevii or Second Market make this a possibility?

We need BTC added here: http://www.cmegroup.com/trading/fx/
Then investors won't have to fear the Bitcoin infrastructure.  They will have industry-accepted insurance against loss due to Exchange problems.  All existing trading platforms already support CME/Globex.  So this will be nearly a no-op (no effort) in getting the product offered to investors once it's on this exchange.

Get into their IdeaExchange program at http://www.cmegroup.com/company/idea-exchange.html and push BTC to their product managers!

[pinksheep]

Which countries would currently be classed as economic disaster zones in which a flight from fiat could easily happen? I know Argentina is one; what others fit the bill?

[BTCtrader71]

Which countries would currently be classed as economic disaster zones in which a flight from fiat could easily happen? I know Argentina is one; what others fit the bill?

Perhaps any country with high inflation.
http://en.wikipedia.org/wiki/List_of_countries_by_inflation_rate

[BTCtrader71]

Get into their IdeaExchange program at http://www.cmegroup.com/company/idea-exchange.html and push BTC to their product managers!

Very good idea