The Future for Bitcoin.

Technology has made the world a smaller place over recent years. Bitcoin is a child of the technological revolution. As the first pan-global currency (or commodity) that can be used by people all over the world as a medium of exchange without involving governments, the cryptocurrency will continue to attract interest and resistance.

In nations where currency flows are subject to stringent government control, Bitcoin offers a method to transfer wealth to regions of the world where restrictions are less onerous. Additionally, since Bitcoin transactions are anonymous, the cryptocurrency will continue to attract transactions connected to nefarious and outlawed activities.

It is clear that Bitcoin is gaining interest and use around the globe. In 2016, the majority of Bitcoin transactions occurred in China. In fact, the massive volatility in Bitcoin’s value at the beginning of 2017 that took the price from $1129 to under $800 on the same day was likely due to speculation from China. Bitcoin, and its operational child, blockchain technology, have a future in the world markets. However, it is likely that governments all over the world will resist a pan-global asset that operates beyond their reach and can facilitate activities that run counter to their laws and rules or political agenda.