Estimating about something is not an easy job. There are possibilities of speculations proving to be wrong and much complex to be correct. Take for example Bitcoin. This cryptocurrency has been a milestone in the new financial world. If you have been reading a lot about Bitcoin through news and blogs, then you must have been familiar with the Bitcoin millionaires list which also includes Akshay Haldipur who is among the top Indian Bitcoin owners. It has been decades since this leading digital coin made its successful debut on 3rd January 2009. Today, we will be knowing about Bitcoin prediction for the next twenty years.
Emergence Of Bitcoin
Before we leap forward to know about Bitcoin prediction, let us have a clear understanding of its emergence. Bitcoin is a digital currency or cash which is used for transactions via peer to peer. Since it is a decentralized technology, so you won’t expect any interference from the central authority like banks or even government. The network rules of Bitcoin are known to be the major factor. These rules cannot be interchanged without all-party agreement. This is known as censorship resistance. The existence of any technology has a founder behind it. The foundation of Bitcoin is credited to the anonymous developer and founder, Satoshi Nakamoto with a team of developers. The network of Bitcoin is completely free from any ownership.
It has been decades since Bitcoin made its debut on 3rd January 2009. This crypto coin got its mainstream attention when it was being used as a method for payment by corrupt minds in the year 2013. Many people are much familiar with this cryptocurrency and its features. They see it as the value of the holding. The supply of Bitcoin is limited to 21 units. Even though its demand increases, the supply remains stagnant. The price also surges up. This is the reason why people take so much interest in knowing everything about Bitcoin and the price continues to go upward. The year 2017 made headlines with the higher growth of Bitcoin hitting $1K. When people saw this bull run, they became inquisitive to know about Bitcoin prediction for the coming years. By 2050, it is estimated to cross around $500K or even 1 billion.
Bitcoin Prediction For The Coming Years
While analyzing Bitcoin prediction, you need to know about its two main cases. One is the store of value and the other is the medium of exchange. The medium of exchange is one of the prominent use cases of Bitcoin. And you are very well aware of its global use as a medium of exchange. So when it comes to Bitcoin prediction, then can we really think it as the medium of the transaction?
However, it is sad to reveal that it is not much better in the medium of exchange use. Bitcoin is a digital currency that operates on the blockchain ledger system as its base. The motive behind its creation was to make it free from attacks and secured. But for this, sacrificing the speed is important. The amount of space per block is another main issue of Blockchain supporting Bitcoin. This indicates to the fact that when more and more people use the network at the same time, then it becomes difficult for all the transactions to be fitted into blocks.
Another major issue faced by Bitcoin as the store of value. Theoretically, Bitcoin comprises an amazing store of value. People are much greedy and naïve about Bitcoin’s speciality. That is the reason why value plays an essential part in knowing about Bitcoin’s prediction. Bitcoin is also termed as digital gold. It fares better than the gold in terms of storing, transporting, and a known quantity. There is no one who can snatch it with force from you. With gold, it is not a similar case.
Bitcoin: An Asset For Investment
Over the years, there have been negative and positive views on Bitcoin prediction. As for an example, other than predictions for many altcoins, Bitcoin prediction is often estimated by people who have expertise in technological and financial backgrounds. Because of this people believe their predictions to be reliable. If you really think Bitcoin to be an asset for investment, then you are most welcome to go ahead. No matter, it is the reputation of the cryptocurrency which drags the people’s interest towards it. For those who are new to the concept of cryptocurrency must gather the knowledge about Bitcoin including richest Bitcoin wallets before proceeding for investing in it. Most importantly they should read the whitepaper where all its features have been mentioned by the founder Satoshi Nakamoto.
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