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Japan just allowed Bitcoin to be used as an accepted currency, and this event means that the computer could be on the verge of entering a new megatrend.

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Is Bitcoin Entering a New Megatrend?

Japan just allowed Bitcoin to be used as an accepted currency, and this event means that the computer could be on the verge of entering a new megatrend.

Bitcoin, the most successful computer-generated cryptocurrency, hit an all-time high today, and is now trading around $2,500 due to Japan announcing it would accept Bitcoin as an official payment for retail purchases in that country.

Unfortunately, the United States is more backward — or perhaps more controlling. The Securities and Exchange Commission (SEC) recently denied approval of an exchange-traded fund (ETF) in Bitcoin.

GBTC_Chart

Bitcoin’s price over the last two years.

To find the price of Bitcoin, go to http://www.coindesk.com/price/.

Still, the evidence is growing that Bitcoin is entering a new megatrend of official approval as an alternative to the dollar and other currencies. There are several cryptocurrencies competing for your money, including Bitcoin, Ethereum, Factom and Maidsafe. Bitcoin is in the lead, but many analysts expect Ethereum to surpass Bitcoin. Will there be a winner-take-all cryptocurrency?

To read the rest of the article on Bitcoin’s possible new megatrend, please click here.

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Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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archive

Is Bitcoin Entering a New Megatrend?

Bitcoin, the most successful computer-generated cryptocurrency, hit an all-time high today, and is now trading around $2,500 due to Japan announcing it would accept Bitcoin as an official payment for retail purchases in that country.

Unfortunately, the United States is more backward — or perhaps more controlling. The Securities and Exchange Commission (SEC) recently denied approval of an exchange-traded fund (ETF) in Bitcoin.

Bitcoin’s price over the last two years.

To find the price of Bitcoin, go to http://www.coindesk.com/price/.

Still, the evidence is growing that Bitcoin is entering a new megatrend of official approval as an alternative to the dollar and other currencies. There are several cryptocurrencies competing for your money, including Bitcoin, Ethereum, Factom and Maidsafe. Bitcoin is in the lead, but many analysts expect Ethereum to surpass Bitcoin. Will there be a winner-take-all cryptocurrency?

To read the rest of the article on Bitcoin’s possible new megatrend, please click here.

Newsletter Signup.

Sign up to the Human Events newsletter

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