Quote Originally Posted by birch View Post
The best hedge for a rising bitcoin price i’ve seen is to be short gold. The bitcoin proponents see a parallel between the two and there’s no need for two universal non- cash currencies. So just one of them is expected to dominate. If that’s to be Bitcoin it has a very long way to run, likewise gold has a long way to fall. Or perhaps the status quo will prevail and bitcoin will languish as a subordinate to gold.
This. From what I have read and discussed it is similar now (unless you get on an emerging crypto-currency early) to investing in precious metal. If people don't trade with it though it loses its value. That is primary value with blockchain technology, buying and selling goods and services and thus cutting out middlemen like banks, payment system providers eg. Visa, Amex, retailers etc.