The Future of Bitcoin: How High Will It Go?

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Since the early days of Bitcoin, we have all heard endless speculation concerning the future price of Bitcoin. Stephen Kendal has an interesting take on the potential of Bitcoin.

Kendal describes the current state of the world including the tremendous amount of unfunded liability across the globe. In short, the weight of all of this debt is destroying the value of the dollar. The debt crisis applies to all fiat, not just the dollar. As fiat decreases in value, the value of Bitcoin in relation to fiat will, of course, go up. The limited supply of Bitcoin will also cause the price to go up. This concept is so simple, but I think this video does a great job of explaining the future of Bitcoin.

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