Bitcoin’s main role is as a virtual replacement for gold, a safe haven where you can hold your savings in a situation of political or financial instability.
Bitcoin has always been regarded as the virtual currency of the Internet, especially by the media. A currency that will one day become widely used within society. Statistics show
year after yearthat its use is increasing at a high speed. I’m not denying Bitcoin’s evident growth in terms of adoption and use, but rather the type of use.
Let me be clear, overall, Bitcoin transactions have increased since its creation. However, let’s analyze a chart showing the historical number of unique daily Bitcoin transactions. Included in this chart is the purchase and sale transactions of Bitcoin in dollars or other currencies, the movements between wallets from the same user, Altcoin trading, faucets and games and the
purchases of goods through Bitcoin.
It is the later use where we must turn our focus in order to consider the future of the cryptocurrency as a coin, or as I think, “virtual gold.”