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bitcoin price

Bitcoin Price – Run To Bitcoin For These Reasons

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Reading time: 2 – 4 minutes

Oh, the hell with that. Just use Bitcoin, which is the currency on the Internet. – Rush Limbaugh

Bitcoin, or Money Over IP, is the world’s first decentralized censorship-resistant digital crypto-currency based on cryptographic protocols.

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Bitcoin empowers individuals to send any amount of money to anyone anywhere at anytime without any risk of transfers or funds being impeded, frozen, seized or confiscated in anyway and all for little or no fees. The supply of bitcoins is limited by software code and cannot be changed.

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Bitcoin is to money and currency what HTTP is to Internet traffic, email is to electronic messages or Skype is to voice communications. Bitcoin is changing finance the same way the Internet has revolutionized publishing and communications.

As more people and businesses, like WordPress, Reddit and MEGA Upload, adopt Bitcoin for their transactions then network effects take place and there is an increase in both speculative and transactional demand for bitcoins.

Gold has outperformed all major fiat currencies. Bitcoin has tremendously outperformed gold.

Thus, the market capitalization of Bitcoin is currently extremely tiny relative to all other financial assets.

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ABOUT THE AUTHOR: Trace Mayer, J.D., author of The Great Credit Contraction holds a degree in Accounting, a law degree from California Western School of Law and studies the Austrian school of economics. He works as an entrepreneur, investor, journalist and monetary scientist. He is a strong advocate of the freedom of speech, a member of the Society of Professional Journalists and the San Diego County Bar Association. He has appeared on ABC, NBC, BNN, radio shows and presented at many investment conferences throughout the world. This is merely one article of 238 by .
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1 Dookie March 11, 2013 at 1:02 am

I think that the BTC will reach the price of ‘$1 = 1 satoshi’ due to its deflationary properties and divisibility, as long as level of adoption stays strong.

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