I do not think that this can happen with the currency of the future. And even if the bikoin falls to this figure, it will rise to its level in a year or in 5 years. As one smart person told me, the price of one bitcoin is one bitcoin.
Bitcoin as a utility and money transfer for tiny amounts is good especially for developing markets. Bitcoin as an instrument of speculation (like forex) is not really good for me because of lack of liquidity and historical data at least for now. I believe Bitcoin has a future in our society.
Bitcoin is terrible as a currency. The price is too volatile. Sure you can convert USD to BTC to make a payment but you would never want to have ALL your savings and salary paid in BTC. One month you could make the equivalent of $5,000 and only $500 the next. As almost all purchases are in your local currency BTC will never take over the world in the way that it's proponents think
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.