Clif High has called for $4488- $6800 U.S over the next few month's or so and $13800 or so by the end of Feb next year. Along with the obligatory crashes in between as well though. All the predictions aside, can you imagine what a person who is aware of all these goings on with Crypto's is thinking if they are staring retirement in the face and are watching their superannuation investment dwindle away daily, weekly, monthly, yearly ? Cash deposit interest rate is nearly Zero, Resource shares are struggling, Real Estate is looking shaky to say the best, and the whole of the share market is looking top heavy overall. Crypto is (for now) slowly spreading as an investment form into the mainstream, with a whole slew of hedge funds climbing aboard in recent months. How long before just a few percent of Aussie retirement funds via major Super funds are onboard the Crypto Train and what will that do the the total crypto market cap ? Current level is 121 $Billion, How long till we hit a Trillion which is still a minuscule amount of global investment ?
That's the thing with Bitcoin at least, you can't just create more of it, it's ultimately a fixed number. So the price comes down to the basic equation of the market cap in $ divided by the number of coins. The more people that pile in, the more the price must rise.
You need to look outside the box a bit more M8, Blockchain technology is going to change peoples lives as much, if not more than the advent of the internet and all that it bought with it. But it is also a complete reset of commercial applications as well as those that we see as normal in our social life today such as Facebook or the 24/7 contact available in today's life for people in the West. Go look at Steemit, and contrast it with Youtube and Facebook. Consider that everything you place online at the moment does not belong to you, but to the platform that you place it on, and then contrast that with complete ownership of everything that you place online. Consider that right now if you wish to buy a house or property, that there are multiples of both commercial and Gov't regulatory body's that you must comply with or engage with in order to complete your purchase and the multiples also included in that such as advertising, print and online media, title searches, insurance, banks and Liens, etc etc etc. Basically everyone has a finger in the pie, except for the owner and the seller who both get raped financially on every deal. Imagine in just a few years, if you and the seller could engage just a single entity to handle all of the above for you both at a small fraction of the price or just do it all yourself with a blockchain template that handles all these above entity's jobs with a few click's of a computer mouse? No middle men taking their share of both sides of your hard earned, no real estate agents taking 3 % off either side and no banks screwing you over in the meantime either. And all with a safe and secure confirmed contract in place without the need for a Lawyer to have to check it over as well, with all T's crossed and I's dotted without Both sides of the contract having to worry about screwups by middle men, and no fees for the result (well maybe some minimal ones). It is coming, and sooner than you think.
