Bitcoin is a hedge on currencies, where you can turn it into other currencies there is value in it. Currencies always move in different directions and there will always be demand there. The generation is also created by the bitcoin network so there will always be activity for some time.
When you can't trade it for the USD then it is over. In fact maybe it will evolve nation currencies. I love what it is shaking up.
But just like currencies of countries there will be currencies now not bound to countries, that live well beyond the country maybe. It actually prevents gaming a country's currency too much (no artificially low currencies).
It is like gold in that you can't take a coin of gold down to the store but it has more chance to be a mainstream currency because it is digital. All money is digital, it can fit in much nicer than gold as well as having gold like properties. Bitcoin is actually better placed for hedging currencies and everyday usage than gold.
When you can't trade it for the USD then it is over. In fact maybe it will evolve nation currencies. I love what it is shaking up.
But just like currencies of countries there will be currencies now not bound to countries, that live well beyond the country maybe. It actually prevents gaming a country's currency too much (no artificially low currencies).
It is like gold in that you can't take a coin of gold down to the store but it has more chance to be a mainstream currency because it is digital. All money is digital, it can fit in much nicer than gold as well as having gold like properties. Bitcoin is actually better placed for hedging currencies and everyday usage than gold.