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The next question to consider is whether it's just the right time for Bitcoin, as a currency, or whether it needs to go mainstream have its day in the sun.
With the latest bitcoin price hovering in the $600-$700 range, it looks like Bitcoin is on the right track. Its usage is becoming more mainstream, with various merchants popping up all over the world accepting bitcoin as a form of payment.
Still, it's going to take some time for mainstream adoption to go full throttle -- so there is going to have be growth elsewhere for the digital cryptocurrency to truly achieve its full potential.
For instance, even if there's some growth in the market for Bitcoin, it will have to be sustained. It will then possible for consumers to start use Bitcoin more regularly.
That will lead to the market mature from point where it is more used for speculative trading or some investment.
If we take the previous analogy, what I mean is that in the beginning, gold industry saw price go up and up. It became more sought after as a tangible asset. The point where it started to be seen as a real inves