Bitcoin is a Bubble
Bitcoin is going to grow to 50.000 - 100.000 USD within the next year:<p>* The limit of coins will increase the value of each individual coin (deflation), while the USD&#x27;s value will still inflate. For miners this doesn&#x27;t have to be a problem in the long term, since money can still be earned on processing transactions.<p>* The problems with high transaction fees and slow transaction times will hopefully be solved with the Lightning Network. I know people have been working on the Lightning Network for a long time, but I truly believe it will be introduced for Bitcoin in 2018, because there is a huge need. If Bitcoin will not adopt the Lightning Network by 2018, perhaps some other crypto currency could take over as the number 1 crypto.<p>* Lost coins will push the value of the existing coins higher.<p>Do I think block-chain will take over? I do believe so. We should take a very good look at Asia, I believe the most important developments regarding blockchain tech will happen over there. One of the projects that is of great interest to me (I&#x27;ve bought some coins) is Omise GO. Omise GO could give banking capabilities to people without needing them to sign up to bank accounts. It means people without bank accounts might be able to purchase products over the internet using their Omise GO wallets. It also means people can receive money easily without needing a bank account. Asia still has a lot of people without bank accounts. Of course many other interesting applications with block chain tech are developed as well. For example software to track inventory for shipping companies like Maersk.<p>If some important economy destabilises, look for more common people move into crypto as trust into central banks erode as has been seen already in e.g. Venezuela and Zimbabwe. I believe this could happen in the Eurozone as I believe the Eurozone&#x27;s economy is still very weak and a small event could evolve into a big crisis over there.<p>Look for increased efficiency in the block chain and decreased power of governments and banks in the longer term future.