Bitcoin money of the future
Most experts agree that the ingenious technology behind virtual currencies may have broad applications for cyber security, which currently poses one of the biggest challenges to the stability of the global financial system. After Bitcoin money of the future, the most important is Ethereum. In Silicon Valley, drooling executives are both investing in Bitcoin and pouring money into competitors.
Importantly, Bitcoin does not need to win every battle to justify a sky-high price. Will they create digital currencies of their own? Blockchain is facing a backlash.
Blockchain is facing a backlash. Some Bitcoin evangelists see it going far higher in the next few years. Would the price of Bitcoin drop to zero if governments could perfectly observe transactions?
My best guess is that in the long run, the technology will thrive, but that the price of Bitcoin will collapse. Still, one can be sure that global tax evaders will seek ways to acquire Bitcoin anonymously abroad and then launder their money through Japanese accounts. Written by Kenneth Rogoff .