Everipedia is one of the blockchain-based projects that aims at revamping the world of online encyclopedia through the employment of the revolutionary blockchain technology. BlockPublisher recently got in touch with Chief Executive Officer of the platform, Theodor Forselius, as he explained the project in detail (the link to which can be found here) and shared his thoughts regarding blockchain tech and bitcoin overall.
Since bitcoin presents forward one of the first use-cases of blockchain technology, it is only natural to think about where it is headed in the future. In reply to the question regarding whether bitcoin will become a global digital currency or will it become the next gold, Theodor shared his personal opinions saying:
Theodor: “I definitely think bitcoin is here to stay, just because it was like the first coin and it’s definitely going stay in the future but I’m not really sure if it’s going to be used as a store a value or as like an actual like currency, it’s very hard to tell.
Obviously now the price has stabilized a bit and now people in the space are arguing that this is the way it’s supposed to be, it’s supposed to be stable so that you can use it as a currency. And then when it goes up everyone is like oh it’s actually like a store of value, it’s supposed to be like seen as a virtual gold. So I’m not sure. But I I do think the price of bitcoin will go up as blockchain becomes more mainstream and continues to grow in a more organic matter than it has until now. ”
Bitcoin is the leading cryptocurrency in the world right now in terms of market capitalization and its price does seem to have a significant effect on the entire market. 2018 did not turn out to be a good year for the asset. Moving into 2019, there are some major developments lying ahead that might help the asset grow and mature. Demands for regulatory frameworks are growing stronger and if regulations come in this space, they might help curb out the negative and illegal aspects that are largely linked with the digital asset.
Eyes are also focused on the decision that is going to be made by the United States Securities and Exchange Commission (SEC) regarding the approval of a bitcoin exchange-traded fund (ETF). This might help the asset get more acceptance from the institutions. Platforms like Bakkt are also trying to make their place in this space. All of these will help this nascent market get more developed and mature. It will be interesting to see how things turn out and if bitcoin is able to outgrow itself from its negative and illegal usage. While some say bitcoin will die out soon, as per Theodor and many others in the crypto game, bitcoin is here to stay.