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Future of Bitcoin: What is your view of the future progression of bitcoin? Will it survive…will...

Future of Bitcoin: What is your view of the future progression of bitcoin? Will it survive…will it thrive? Why? Describe any interesting challenges.

**write a 375-425 word essay

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Answer #1

Bitcoin is one of the growing concept. It is considered to the digital currency. It was into the picture some years back but now it is losing its credibility. As there are no regulatory agencies and also no source of origin, it will be difficult for it to survive in near future. There is a high risk of fraud as the whole transactions depends upon the computer which is highly suspectible. There is no back up support for this currency as common currencies such as US dollar,etc ahve back up support. So, the bitcoin will find very hard to sustain in near future.

Note: I have explained the basic part and you can now eloborate further. This will help.

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