Bitcoin To Become 6th Largest Reserve Currency Within 15 Years?

For such a headline and statement - CNBC sure presents a lameish article here IMO.... even quoting someone calling it's value a fraud. More and more however there seems to be a motif that the blockchain is more valuable than BTC... but another point of view says YES... true... but... BTC will be the store of the value of the technology - Full article is here - the article also notes that 90% of the currency value is being held for speculation. Indeed. Don't sell cheap if you have a few.
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Indeed.... here's another article saying the banks will move into BTC technology by Next Year ... while Jamie Dimon.. the old guard says Bitcoin Is Going To Be STOPPED and that the value is a fraud.... this indeed could get nasty. 
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Never underestimate the powers that be.
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Happy Thanksgiving

Bitcoin - Spiking - Huge Companies Entering Into Bitcoin-Blockchain Investments

It's like a light going off in one's collective head - or the clanging of a LOUD bell ... but wall street and more has discovered possible uses for the technology this blog is about - and the next spike in Bitcoin value may have already began.
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Recent Links Of Interest

Firms Investing Include MasterCard And New York Life... Etc

a tease from the above link

The other investors in DCG include a range of venture capital firms and family offices such as FirstMark Capital, Novel TMT, Oak HC/FT, RRE Ventures, Solon Mack Capital, and Transamerica Ventures.

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The Ultimate Marriage?

Ethereum - Bitcoin - Gold - Diamonds

the shit is getting real folks

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Ethereum Could Be A Strategy For Big IT Firms

Ethereum Too Is Spiking Recently

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Ethereum's Augur Crowdsale - Plus Details

yes... I bought in and have 33 reps

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And finally for Today's Must Read

Interview With Vitalik Buterin

Vitalik Buterin theorises about monetising an Ethereum browser, the price of Bitcoin and education in China

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thanks for your readership

Buy 100 Dollars Of Bitcoin Using This Link And Get FREE Bitcoin Too

What IF... There Was A BitRuble?

As you are aware... other than perhaps MAZA coin.. no other current cryptocurrency can truly be tied to ANY sovereign nation... and as you are aware... one nation in it's eyes has been `under attack' and it's currency has taken a HUGE hit via sanctions and with the declining price in Oil.... yes.. that would describe Russia... the old USSR..... led by as big an ego maniac they say as our own Donald... a guy that just might go his own way... as he already has shown to the world.. and who just might ONE UP the entire world.... with the BitRuble move... peg his currency to not a basket of Fiat currencies but to the international price of the Bitcoin Cryptocurrency.

So WHAT IF.. suddenly a NATION was using it's resources to REPRICE it's trade? Via the BITCOIN structure? Could it be the EXACT mechanism needed for the long awaited Bitcoin Spike? Could all trade with Russia suddenly be the new market for other nations having to pay in BitRubles? Does ANYONE NOT UNDERSTAND what that would do to demand?

Here's a few tokens of what I've been reading.... your comments?
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The Russian Bitcoin Factor

The BitRuble Rumor

a huge positive... OR... the Banning Of Bitcoin?

Head Of Russia's Largest Bank A Bitcoin Owner

he makes a joking point about Bitcoin being the only currency down more than the Ruble

HUGE Spikes In Folks Buying Bitcoin In Russia

is this INSIDE buying?

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In Other Crypto News

First ETF Impressed By Bitcoins Price Stability

and they will be more impressed by the price spike that they avoided

The USA Declares Bitcoin And Other Crypto A Commodity

like gold and oil

9 MAJOR Banks Unite Behind The Blockchain

perhaps the biggest recent news of all

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Also Worth Noting - Perhaps

Bitcoin At 300,000 Buzz

most interesting is the contention that the value may be in other coins 

The REAL Bitcoin BET About Ethereum

one amazing website IMO

Buy Now Or Cry Later?

the easy easy case for why you need to own more than 0.002 BTC

Source For Latest Bitcoin And Blockchain News

I bookmarked this one

Mike Tyson's Bitcoin ATM Goes Live

BTC's new image..... Vegas .... of course

The Coin Index @ Poloniex

interestingly... it gets NO trades hardly

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Thanks For Your Readership

the affiliate links below support the blogging efforts at Barfstew

BitBET - Taking Bets On Will Donald Trump Be The Nominee

Trade Bitcoin At Cryptsy

Buy Bitcoin At Coinbase For Security

The Ethereum Sensation

I was not caught completely off guard like many concerning Ethereum and knew that its release would cause ripples... but... not like this... and some are saying it could compete with the God of Crypto, Bitcoin, for marketcap - in as little as a few years or less. Rumors abound about it... that large companies want to use it... that pension funds want to buy and hold it... that Augur will be amazing.... etc.

All that said... how about links from the Cryptoworld as I continue to put together a big post for all.
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First... Ethereum
Fourth In Marketcap
as of 8/31/15

Blog Post About Ethereum's Security
impressive

meanwhile, some say this `leaked' chat memo indicates Ethereum has a ways to go in development:

Ethereum Launches..... BUT
will all this cashflow help?

Many who are part of the Ethereum gold rush point at this tape where an intelligent woman at 2:15 identifies Ethereum as the connection potential for the Internet Of Things. IMB is bigtime and so is the marketcap of Ethereum already:

Only 12K Views

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Mystical Bitcoin?

Shamanic-Economics-In-Shasta/

MAZA Coin Blog..... Will there be an Indigenous Coin?

Does Shemitah Mean 2 Million Dollar Bitcoin Soon?

Hey, why settle for a million, right?

Bitcoin Splits Into Two Beings

CNBC asks... will it break or be better than ever?

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Even If You Arrived For The Pretty Women Of The Archive

Thanks For Your Readership

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Support This Webpage

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Blockchain Size Becomes New Focus?

Yes... still working on that huge `reference' update for you... be patient.
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Obviously... more than 7 transactions a second are needed if the BTC blockchain is going to grow..... what to do and when is a new focus for the entire CryptoCurrency segment and traders. Are there even other potentials too? - Forks which leave BTC behind? Will `value' be driven by practical usage for business and banking - including non BTC options/coins?

Lots of breaking and interesting developments in just the last couple weeks... wanted to get a few of those trends and so forth into your vision... worth your read.
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Here's the call for the blockchain size to double by November 2015 while others are calling for a change in the fee structure of BTC up to a 20 fold increase.

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All of the calls above are because of a relative explosion in BTC usage recently... as shown by a variety of links below.

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For Example

Coinbase Says Wallets Doubled Since 2014 and Transactions Up 93%

It does seem that some Americans are getting the idea.

Bitpay Latin America Transactions Up 500%

BTC is being seen as a hedge against inflation in crappy economies based on higher value currencies... Is Greece next?

BTC Is Taking Off With MERCHANTS In The Philippines

over 2,500 already

Bitcoin Real Estate Company To Enable China Middle Class To Buy American Real Estate

a way to avoid the capital controls in China, interesting read

MEANWHILE IN AMERICA

SIMILAR BIG-TIME MOVEMENT?

Is The Blockchain About To Leap Frog The Current Loyalty Points Programs?

Is Ribbit.Me in the forefront - RibbitRewards (coin)

The San Francisco Federal Reserve Speaks Up On Using Bitcoin As Collateral On A Loan

Sounds like we are talking REAL money here

Coinbase CEO Says Bitcoin Will Replace US Dollar For Reserve Currency

(he says in 15 years)

Coinbase has established itself as on top of the BTC experience in America IMO

Buy Your First Bitcoin At Coinbase With A Click

MEANWHILE

MIKE TYSON Just Turned His 5 Million Followers Onto BTC Via Twitter

the unbanked is a huge market potential, obviously

Might BTC Fight The Two Party System In America?

Paul has been silent for too long? Article is from Gary Johnson who was the Libertarian Candidate before.

The HULL Coin... Local CryptoCurrencies Backed By The Government For Volunteer Work In Community

Could this idea be a catalyst?

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Are you convinced yet that you might want to own some Bitcoin?

America USES Coinbase

An Impossible Fantasy - The Bitcoin Tulip Gold Rush - BTC At One Million

Readers of Barfstew recently ran across the link (shown below) from the cointelegraph.com about a hedge fund called Wedbush that listed the odds of a BTC price at ONE MILLION dollars by 2016 as ONLY 5,000 to one - they called it the `internet outcome' for BTC's price. Which set my mind into speculation about such a fantasy... and looking ONLY at selected aspects of such an fantasy occurrence. 

As a trader of cryptocurrencies for the past 8 months... what do you think would happen to the other 600+ coins listed on the various crypto exchanges if BTC became 1 million dollars each? No one knows of course... but here's my fantasy prediction:.... and it is dependent on the steepness of the rise (remember in this fantasy this happens in the next four months)... with the first spike taking it to 1,000 dollars from the current 300 dollar levelish...lets say the rise happens in just 4 days, such as  400,600,800,1000 and the market cap for BTC triples roughly to the 12 billion dollar level.... what do YOU think would happen to the price level of OTHER crypto coins?

IN MY OPINION... they would CRASH and crash hard... as EVERYONE would be scrabbling to get as much BTC into hand as possible. 

One coin after another would have whales selling entire positions into the buyers. Coins that would be worth 1000's of satoshi's before the BTC spike, would be going for FRACTIONS of what they were worth the days before (and these would be the FEW attempting to maintain some value in comparison).... I wouldn't be surprised in a quick rise as described above to see most coins sell for 1/10 their prior value (despite it being only a three fold increase) ...few will be spending the increasing value their BTC to buy the now perceived as `junk coins' at this point. 

IMO.

Then, as September approached... the value would again multiply by a factor of 10... to 10,000 per coin - with a market cap now approaching 125 billion for BTC.....  more than enough to catch the attention of the stupid that simply follow whatever grabs the interest of the MSM. 1,000 week one, 3,000 week two, 6,000 week three and 10K week four (you a coin holder can feel your adrenaline rising, right) .....however now, ONLY a handful of coins exist in the exchanges anymore with any real value.....that said, that handful of 15 coins also has a marketcap of 12 billion now(meaning their value too would be growing in relation to previous fiat values) .... however, the `cryptocrash' (for all coins not of the elite 16) will affect the others deeply - with the other 580 coins having nearly NO value...perhaps worth a  half billion total....before their final crash which is to come. All discussion in the crypto world now is focused on `how many coins are truly needed' - a discussion that will affect every holder of any cryptocurrency. 

Because the market flushout is coming in October ... as all shakeouts do.

In October, yet another 10 fold increase,  to 100,000 dollars a coin - which would finally attract the world money movers and governments... and consequently, the actual usage of BTC would have been altered significantly towards big players... hedge funds, governments, pension plans.... everyone wanting to get in before the now talked about 1 million dollar possibility... and with BTC at ONLY 100,000 dollars and with a marketcap of over 1 trillion dollars (as much money value as the IMF has in emergency funds) ... it, Bitcoin,  has become the only player in town for some kinds of HUGE transactions between governments... fiat values for national coins are now being affected by the value of BTC - and how many holders might have some BTC in any society could determine the richness of the nation or society.... many stories surface in China and America, in their MSM's -  about the early traders who are now millionaires...much like the first BTC spike years ago. 

TONS of stories about the folks who ONLY had 1 or 2 full BTC's - and are now `rich' - and additional stories about the ones, the few individuals,  still hanging onto a piece of a BTC coin hoping for even more.... however, with the price rising to 100K....  NO other coins even trade for BTC anymore on ANY of the EXCHANGES -  and a whole second market of crypto begins to develop around the core 15 coins or so.... but the shake out is HARD now that coins NO longer have a value tied to the BTC platform.... even the core coins fall in fiat value from the very inflated figures prior to the cutoff of trading them for BTC.

Finally the Bitcoin Tulip Gold Rush happened in November and December as world markets adjusted to BTC becoming a 1 million dollar product worth a marketcap of 14 Trillion dollars (just about the PERFECT FIT FOR THE WORLD TRADE LEVEL OF 18 TRILLION OR SO).... could this be a goal...? Will BTC be the commodity for WORLD TRADE to end the problem of local currencies fluctuations?

The fantasy ends there as 2016 begins anew.. with a new world TRADE currency established by the money players.... while the banking sector takes a look at Ripple, making it a market leader amid a new crypto market that now looks for functionality  - still worth billions more than before the BTC spike only 120 days prior - but billions less than before the cutoff with BTC exchanges. With traders kicking themselves in the butt for NOT hanging onto pieces of BTC as the spike was happening, or trading them for other, now worthless,  cryptos on the way up... that soon crashed to zero in comparison to BTC.
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IMO the big money could create any scenario they wished with the value of BTC... it's wise to have some...even tiny bits.
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BUY YOUR FIRST BITCOIN AT COINBASE
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I hope you enjoyed today's Bitcoin fantasy... how about spreading it on social media?

Links referred to below:

http://cointelegraph.com/news/114859/investment-firm-wedbush-predicts-400-bitcoin-by-2016-advises-to-buy-gbtc

http://blogs.wsj.com/economics/2014/03/25/everything-you-ever-wanted-to-know-about-washingtons-battle-over-the-imf/

https://www.wto.org/english/news_e/pres14_e/pr721_e.htm