If you want to invest in Bitcoin, you should not focus on the rises or falls of the cryptocurrency but ask yourself how much it will be worth between now and 10 years, according to Voyager on Yahoo Finance.
For Bitcoin, no prediction is guaranteed, but an interesting insight shared by the MicroStrategy CEO, Michael J. Saylor, is that once Bitcoin passes the gold market capitalizationAt around $ 11 trillion today, nothing will stop it.
Saylor sees Bitcoin capable of reaching a market capitalization of $ 300 trillion long-term. Of course, it does not give a date, because no one can do that. Talk about a future goal.
“With a market capitalization of 300T dollars, the price of a Bitcoin would be around 14 million dollars. Why should I be excited for the next 10 years of Bitcoin?
When it comes to Bitcoin, the original cryptocurrency, here are some reasons why its reach may increase in the next 10 years.
There are a finite number of bitcoins available
There is only a limited amount of Bitcoin in the world, twenty one million to be exact, so supply and demand will lead to shortage and even higher value over time. Think of it like spending $ 4 a gallon at the gas pump today due to inflation from $ 0.36 in 1970.
It also goes through a halving process every four years, which means that the amount of Bitcoin rewarded by mining the coin (via a consensus proof of work) will be cut in half. This effectively reduces the rate of inflation by half every four years in a controlled manner that is easily tracked by anyone around the world. Compare that to the mysteries of the Central Bank’s target interest rates and it becomes clear why Bitcoin is known as an inflation hedge – it is deflationary by design.
If it’s digital, it’s durable
Bitcoin transactions occur digitally on the block chain, which makes the coin much more durable than your typical dollar or coin. It may sound pedantic, but this is a big step towards ease of peer-to-peer digital transactions.
Blockchain technology is extremely safe and efficient, and developers create new tools to improve it every day.
Bitcoin is open
That’s how it is, all the world can own Bitcoin. It is not protected by wealthy investors, it is not hidden in the offices of corporate finance it is not only offered to those who entered early. One of the magical things about Bitcoin is that you can buy it at pieces or satoshis. This opens up the opportunity to invest to anyone who wants to invest. You don’t have to buy a $ 32,000 Bitcoin; you can buy a fraction and still be able to benefit from your investment.
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