Forbes Article Predicts Bitcoin Value will "Explode"

[jcoin200]

This article gives a very concise, but accurate history of bitcoin, and what is going on with it right now.  I definitely agree that it is currently on track to start lowering debit/credit card/cash use by large amounts.  Also I have seen coinbase now allowing merchants who go through them have the option to give bitcoin paying customers a % discount on their puchases, giving an incentive for people to pay with BTC.  This I think could really start getting people interested.

Anyway, I think hes right about the "venture capital" phase being just about complete, allowing the "wall street" phase to begin this fall/winter.  It is interesting times coming in the near future no doubt!

http://www.forbes.com/sites/peterdiamandis/2014/06/23/my-insights-on-bitcoin-going-from-deceptive-to-disruptive/

[TippingPoint]

The article will help.

[waldox]

good to see a banker publication behind bitcoin

[BitcoinBud44]

I've noticed that Forbes is very high on Bitcoin for about a year now.  

[feverpitch]

I think most people assume the price will go up exponentially in the next 1-2 years. 

[Cicero2.0]

Wow that is a positive article. If the timeline is what the author proposes this fall should be exciting.

[Nathonas]

Ugh, isn't Forbes allowing almost anyone to post articles on their website? I think most of us think that this really matters because the name Forbes has so much weight and reputation behind it, but I'm pretty sure this is just a random contributing article, not someone actually working for Forbes.

[BTCisthefuture]

Great article. And I agree, bitcoin's image took a bad hit when it's exchange rate value exploded and MSM picked it up without knowing much about it.  All of that seems to be dying off though and more and more people are starting to realize bitcoins potential in being a huge game changer in the long run.

[rext]

bitcoin = the force to be reckon with

[Beliathon]

Ugh, isn't Forbes allowing almost anyone to post articles on their website? I think most of us think that this really matters because the name Forbes has so much weight and reputation behind it, but I'm pretty sure this is just a random contributing article, not someone actually working for Forbes.

The author is Peter Diamandis.

[devphp]

Hm, that's bearish, when MSM says something, usually do the opposite of what they recommend.

And here you go, the price kinda started sliding down to prove this.

[Finchy]

Hasn't it already exploded? I guess articles like this will help gather more interest though.

[eid]

Hasn't it already exploded? I guess articles like this will help gather more interest though.

If bitcoin ever becomes really successful, what we've seen so far will look more like a fizzle than an explosion.

[halfawake]

Hasn't it already exploded? I guess articles like this will help gather more interest though.

eid is right.  Check out this presentation if you want to see bitcoin's true potential, price wise.

[guybrushthreepwood]

It already has 'exploded', but I'm sure we'll see another explosion soon enough. I think bitcoin will grow to where demand outstrips the supply and that should see some explosive growth.

[blatchcorn]

I look forward to the days where sub $1000 bitcoins sound dirt cheap

[fernando]

The problem with exploding prices is that volatility inhibits usage as people are scared to go in or spend. But increased usage would make the price explode. Not sure how this can be tackled.

[solex]

I've noticed that Forbes is very high on Bitcoin for about a year now.  

Yes. I think some senior-level bright-spark at Forbes loaded up large and has been quietly keeping the in-house view bullish.

[Nerazzura]

This article gives a very concise, but accurate history of bitcoin, and what is going on with it right now.  I definitely agree that it is currently on track to start lowering debit/credit card/cash use by large amounts.  Also I have seen coinbase now allowing merchants who go through them have the option to give bitcoin paying customers a % discount on their puchases, giving an incentive for people to pay with BTC.  This I think could really start getting people interested.

Anyway, I think hes right about the "venture capital" phase being just about complete, allowing the "wall street" phase to begin this fall/winter.  It is interesting times coming in the near future no doubt!

http://www.forbes.com/sites/peterdiamandis/2014/06/23/my-insights-on-bitcoin-going-from-deceptive-to-disruptive/

thank you for giving the link of this article. I gain more knowledge about the development of bitcoin. so I can be more intelligent in the use of bitcoin

[jcoin200]

It already has 'exploded', but I'm sure we'll see another explosion soon enough. I think bitcoin will grow to where demand outstrips the supply and that should see some explosive growth.

Yes, especially once a 100% legit US base exchange (potentially this is where the wall st money will go) is opened.  That will help people obtain BTC and start using it day to day.  The limited nature of BTC will also help drive the value up.