Can Bitcoin Be Stable Long Term?

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Is it possible for BitCoin to remain stable for a long period of time?

There are arguments on both sides of the case,  but one thing is for sure that the Bitcoin is currently worth over $580 as of the time of this post.

For something that was once available 6x+ lower than that, it has sure gained a lot of traction over the last few years.

There are even ATMs for Bitcoins now along with a whole bunch of other services ranging from Wallets to being accepted on websites such as NewEgg.com.

There will eventually be 21 million total Bitcoins, and that is probably a good thing that there is a cap. That means that it will be rare, like Gold or something that there isn’t an infinite number of.

Bitcoins also have the advantage of not being tied down to a particular country or bank. The people, so to speak, keep track through the Black Chain.

There is even speculation from some prominent investors that one day the Bitcoin could hold a $10,000 value. It seems a bit outrageous, but don’t forget there was also a period of time where people thought the Internet was outrageous. Major public figures were baffled and confused as to what these “connected computers” were and how it all worked. They even thought it would crash and fail, just like people think Bitcoin’s may crash and fail.

 

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