Question

Find a video or article on the “bitcoin” and share the link. Tell what you found most interesting from what you read or viewed. And would you invest in the “bitcoin”? what you believe the future of money will look like? will we still have coin change? paper money? will we still have checks? money orders?

Answer 1

https://www.inverse.com/article/57035-bitcoin-price-breaks-11-000-and-facebook-libra-could-drive-its-future

The most interesting thing I read in the article was that inspire many dismissing the currency as near dead it has crossed the 10k mark. And another interesting point was the link drawn between Facebook's Libra and Bitcoin. Google search for Bitcoin rose with announcement of Libra. So even if Bitcoin may metamorphise into some other form it is not leaving the scene anytime soon

Investing in Bitcoin is very much like investing in a commodity like bullian. It's limited quantity and need to mine makes it virtual gold. So in investment quality wise there is not really much difference. So yes I would invest in Bitcoin.

With the dispruptive technology that is Bitcoin really making a place for itself I see a future where these virtual currencies will make themselves a parallel banking system. And regulators attempts are likely to be futile. The only way traditional banking can survive is by co-opting the crypto currencies. If that scenario unfolds which I find more likely then cryptoccrypto will serve both as a currency as well as an investment commodity. And in that case the traditional instruments will also undergo substantial change. It is likely to be hybrid system. It is really difficult to predict it's form at this moment.