People have made fortunes out of BitCoin. Astronomical, absolutely stratospheric. This is one of the top 20 currencies in the world right now. No stock, no currency in the world, no other security on the market today trades the way that BitCoin has. Sort of been, until recently, pretty isolated, now you can't have a conversation without BitCoin showing up. It is a. Huge deal. This thing has rocketed to space. One of the main uses of Bitcoin is it's a vehicle for perpetrate fraud. I'm seeing predictions for Bitcoin in 2018 from anywhere from $ 40, 000 to $ 500, 000 and above. It's like nothing we've ever seen before. There's still a huge question is does this thing have a future? So Bitcoin was the first blockchain, the original cryptocurrency. But with that meant it also had a lot of mistakes and imperfections. Look BitCoin has flaws, it is not the perfect system. This thing is still young, it's still undergoing active development. It's open source so anyone in the world can join in and make this better. It's suppose to be outside the reach of governments, and regulators and bank. There will be no real non- controlled currency in the world. There's no government that's gonna put up with it for long. At any point, governemnts, even though they don't have control over Bitcoin, they could make it much more difficult, if not impossible, to use it. There's more than 2 billion people in the world who are unbanked. For them, Bitcoin and cryptocurrency Is a potential way to be able to participate in a modern economy. People are excited about Bitcoin because it represents an entirely new asset class that hasn't existed before, and in some ways it signifies a revolution in finance. So for BitCoin to actually go mainstream, it has to have so much technological improvement and development that it just currently does not have. So there's a big question as to whether BitCoin will actually be able to scale and become the universal currency that so many of it's believers hope it'll be .>> Even if BitCoin doesn't break out as a means of payment, it still has a lot of potential simply as a sort of Do you like gold? 2018 is going to be the year where we're going to see a lot of Wall Street, Big Bangs, Hedge Funds to Instutions come into Bitcoin and Block Chain in a way that we have not seen before. It's hard to say whether BitCoin is a bubble, but there are some people who would say, look money is the bubble that doesn't pop. Bit coin could be the next big thing or it could be worth nothing tomorrow. [ BLANK_AUDIO ]

The Future of Bitcoin