Bitcoin price surpasses $100,000 – what does it mean?
If that happens, then yes, bitcoin could reach the million-dollar valuation or more that many have predicted for years. The only thing is, it’s still challenging to use crypto for anything other than a speculative investment. How often do you find a shop that prefers crypto to regular money?
The core concept of bitcoin and its siblings is that money can work over the network, governed by the people and with no state involvement. This battle pits centralized currencies against decentralized ones, a central discussion in my latest book “Intelligent Money”.
It’s fascinating that the next US administration may make a decentralized currency function in a centralized structure. This shift could lead to bitcoin reaching a million-dollar valuation, as many have predicted for years.
But it’s worth noting that it’s still tricky to use crypto for everyday transactions. How often do you come across a shop that accepts crypto over traditional currency?
It’s clear that the cryptocurrency landscape is evolving rapidly, with changes on the horizon that could make digital assets more mainstream than ever before. Exciting times are ahead, as the Wild West of crypto begins to take on a more structured, institutional form.
