Bitcoin and other cryptocoins have now reached the status of global awareness: be ready for more intense increases and drops
Over the last few days, as bitcoin passed the symbolic threshold of 10,000 USD, it attracted the attention of the general media and social networks like never before.
Bitcoin was big news on literally every media: television, newspapers, radio, Facebook,...
On a more personal note, literally every person of my family and friends circle, and some more distant contacts, have told me about the news, asked me about Bitcoin, and even pretended to give me some advice :)
In weeks to come, I expect television and paper magazines to dig further and the news will spread beyond Bitcoin to cover other cryptocurrencies.
Bitcoin is not any more this geeky hackery stuff of recent years, it has become, in a matter of days, an object of general public attention and use.
With this change of status, one can expect an acceleration and intensification of the value movements of Bitcoin and cryptocurrencies. I fully expect Bitcoin to shoot up towards 50k$ much faster than we generally expected so far. But at the same time the lesser knowledge of the masses of new user will intensify downwards panic movements when they occur.
Such variability will remain until Bitcoin and cryptocurrencies achieve their next step: becoming not only a financial instrument but also a fairly generalized payment tool, present and visible in, say, 1 out of 10 shops, online or brick & mortar.
So dear hodlers, tighten your seatbelts, and enjoy the rough ride. There is eventually only one way: up.
BTW, you wonder who will be Time's Man of the Year? Satoshi Nakamoto it is.
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