Bill Gates, Richard Branson, John Macaffe are some of the popular figures who support and invest some of his fortune in bitcoin. They are very confident that bitcoin will be worth $ 1,000,000 in the next 5 years.

Not many believe, because the lack of understanding of many people related to what exactly bitcoin it.

I try to give some excuses that I quote from some popular personalities and some personal reasons from me.

#1. The Internet Changes Everything

If there are 7 wonders in the world, the internet should be included. The Internet changed a lot of things. Social life, economy, politics, even upss romance.

Imagine, our country alone was chaotic just because of hoax news on the internet.

Stopping bitcoin just like you stop the internet all over the world. This is why bill gates say that nothing can stop Bitcoin.

#2. Smartphone penetration Increases

As the internet grows, mobile penetration is increasing. Not to mention if we count smartphone users around the world, would be great.

We have to admit, there are many people who have not been touched by the banking financial services. Of course things like this become a challenge for the fintech world.

Therefore, many say that bitcoin is the answer.

#3. Bitcoin Will Be Strongly Supported By Mafia, Corruptor, and Criminals Worldwide

Because bitcoin has good privacy, of course bitcoin will be widely used by mafias or corruptors in accumulating AKA wealth money laundering or illegal transactions.

Surely they will not be sincere if the bitcoin price goes down. You know.

So for a government that happens to read my writing, Father or Mother that I respect, this can not be the reason you stopped bitcoin. All can be dammed. Hence, immediately clarified its regulation.

#4. Blockchain Will Change The World Radically

Blockchain is considered a very safe and efficient system. Therefore, Blockchain is believed to enter all aspects of human life in less than 5 years.

An example is the smart contract technology found in altcoin Ethereum, this technology will change how you run a business, buy a house or car, pay taxes, and so forth.

At this time, many altcoin are trying to provide their blockchain services for education, health, and others.

So bitcoin and blockchain are something different. Blockchain is the technology behind bitcoin, while bitcoin is a financial transaction service that uses blockchain technology.

So its core, blockchain can be made for any purpose. For example voting election, birth certificate, citizen identity, sim, diploma, and others. A lot

#5. Bitcoin Prices Tend to be Influenced Demand and Inventory.

Simply put, more and more use bitcoin will be more expensive. Loh kok like that? True, bitcoin is only created a maximum of 21 million, this indicates that bitcoin has limits. Not like the rupiah we use. Want inflation or deflation, money continues to be printed and there is no limit.

In fact, a country should create money in accordance with the value of gold that is stored. Now? all changed. Just print origin.

This is why many investors consider bitcoin as the world economic revolution.

#6. 1 BTC = 1,000,000 Bits

The miners are increasingly difficult to mine. This is the result of the competition of miners around the world. At this time, to create 1 bitcoin you need to spend $ 1000 electricity. Not to mention the initial capital of buying machines, maintenance, and spare parts.

Later bitcoin will be more difficult to be mined and has a very expensive cost in mining. Surely this will affect the bitcoin price.

Later I am sure we will not transact in the amount of bitcoin. To facilitate the count, will be used scale bits in transactions. About 2019. If you are a wallet blockchain.info user must understand. It's in the settings