A short while ago, I was reading one of the many articles about Bitcoins and how they are perceived, particularly by people on the internet. And I came across something I was not expecting: As the Bitcoin community continues to grow, it seems that its use is becoming more mainstream – even though the currencies are entirely different.
According to some of the predictions by people in the industry, it will take a short time period before we see this convergence between Bitcoin and fiat currency. While this could prove to be true in a relatively short amount of time, it also means that the currency used on the Internet will have a certain level of influence on the “real” world.
And that’s precisely where the Nobel Laureate Lalit K. Jain comes in. If you do not know who Lalit K. Jain is, here’s an introduction.
As it turns out, Jain is perhaps the most well-known economist in the world today. He’s considered by many to be one of the best people in the field, and has done quite a bit of research on how various economies behave. I think you’ll agree with me when I say that his predictions for Bitcoin are not overly optimistic at all.
Jain made a prediction about Bitcoin in his book called The Bell Curve, which is basically an examination of race and IQ levels in America, as well as data on police brutality. His main predictions were about future racial issues, specifically African Americans, Hispanics, and Native Americans.
Of course, if you are interested in reading more about his predictions regarding Bitcoin and if you’re also interested in using fiat money with Bitcoins, then I suggest you go straight to his website right now and get his latest predictions for your education. But the point I’m trying to make is that there’s nothing surprising about it at all. Rather, what is surprising is the fact that Bitcoin is growing so quickly. While it may not seem like much right now, but it will soon become apparent that using fiat money with Bitcoins can have a significant impact on our real world. One of the most important consequences of this is the economic crisis that’s currently going on in the United States.
Some might say that this isn’t important to the average person, but what’s important is that when more people start having their money on the net that things will become less volatile. There’s little doubt that Bitcoin is here to stay, and is here to stay now and in the future.