5 reasons why Bitcoin will continue to rise in the future

Many people are jumping into Bitcoin and investing now. Take my mother, for example. Before, she seemed to be indifferent to my work in the Bitcoin community, which I had been involved in for 2 years, but when some mainstream media interviews said that Bitcoin was a good investment, she asked me to return to my home in Brooklyn as soon as possible to help her learn more about this digital currency. This is a good thing.

The rising price of Bitcoin is just one of many reasons to invest in the ‘currency of the future’. However, since this is the case, here are five reasons why the price of Bitcoin will continue to rise in the future, which will continue to attract mainstream investors into the digital currency space. If you are in the digital currency space regularly, you should know some of them.

1. Bitcoin’s value is designed to increase over time

As the volume of Bitcoin transactions increases every day around the world, the total limit of Bitcoin and the reduction in the amount of Bitcoin generated every 10 minutes (the most recent Bitcoin halving on July 10), the value of Bitcoin will continue to climb in the foreseeable future.

The dollar and many other fiat currencies lose value every year due to inflation, i.e. an increase in the money supply. Bitcoin is deflationary by design. The supply of Bitcoin has been reduced again from now on, in what is known as a Bitcoin 'halving', which reduces the number of Bitcoins produced every ten minutes. The current reward per block is 12.5 BTC.

The dollar has no production limit, so it can be inflated by the fiat of a government or central bank group. Paper money (fiat) usually gets inflated by trying to pay off excess debts, or to pay for wars. With Bitcoin, there is no debt, inflation, or bloodshed. I would say we are getting off to a good start.

2. Weak fiat currencies

With global access to the internet, and the recent collapse of a number of fiat currencies (Greece, Cyprus, Venezuela, Argentina, Zimbabwe, and a few others on the horizon), interest in finding a better economic system is at an all-time high. Mexico and Ecuador have been discussing creating their own digital currencies modeled after the Bitcoin blockchain. China has similarly been in discussions with Citibank and Deloitte. Tunisia, a country in North Africa, has already begun building its own national economic blockchain. Japan has already accepted Bitcoin as a national currency, along with the yen itself.

3. Wall Street/Big Business Hasn’t Jumped on the Bitcoin Bandwagon Yet

Blockchain technology has been the darling of Wall Street, not Bitcoin. And not without some good reasons. Bitcoin has been embroiled in scandals and regulatory purgatory in many parts of the world, so Bitcoin can be considered an unknown card in the big bets.

PayPal has touched the outer layers of the Bitcoin concept, but it is still not part of their core business. Microsoft and Dell are also big players in this space, but until Bitcoin sees mass adoption, or a bigger economic crash, Bitcoin will be considered an outsider and not the best bet.

4. Cash is fading from view and will be replaced by digital payments anyway

Countries around the world will move towards mainstream digital payment systems and move away from cash through soft bans. They may do this as a way to gain economic control over all transactions, gaining the ability to record and tax every transaction in the future, but consumers will get closer and closer to realizing that Bitcoin is their true digital currency of choice.

Bitcoin has not yet reached viral status, and apps, updates and protocols are still being developed that will best prepare it for its prime time, so its upside potential is still huge. We have only just scratched the surface of what Bitcoin can do to the world. Today, the price of a Bitcoin is around $670, while 5 years ago, it was only 0.3 cents.

5. The global reserve currency continues to depreciate, causing the value of Bitcoin to rise

As the dollar continues to accelerate its inflation through 'quantitative easing infinity', increasing supply and weakening its value every year, global interest in the dollar continues to decline, and it will take more dollars to buy one bitcoin. China has called for a new global reserve currency.

When the dollar actually loses 5-10% a year, instead of the 1-2% a year the government claims, the value of Bitcoin in terms of dollars will grow proportionally. When the dollar loses its status as the 'global reserve currency', people will flock to the Bitcoin market, looking for an entry point.

Since Bitcoin does not rely on any country or banking system to run its economic model, it can reap the benefits, just like gold and silver, while the legacy financial system dies. 'Digital gold' has treated Bitcoin owners well over the past few years, giving them incredible returns.

I have no concerns about Bitcoin continuing to rise in value. More and more mainstream TV interviewers will be extolling the value proposition of Bitcoin.

Readers have opposing views of the original author of this article:

Daisy: "The global reserve currency keeps losing value"? I wonder if Bitcoin is losing value faster than the global reserve currency. Countries, no matter how bad their economies are, are not going to hand over their money supply to a Bitcoin that is monopolized by China.

Why is it that only Bitcoin's transaction value has dropped after the halving? In addition, Wall Street will not accept a Bitcoin that has the potential for a complete collapse. This week will predict the direction of Bitcoin.

Bitclub.com: Definitely. I think it will happen.