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What’s Beyond Bitcoin? (Does Bitcoin Have a Future?)

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What\’s beyond Bitcoin? Today marks the tenth anniversary of the birth of Satosh

Whats Beyond Bitcoin? (Does Bitcoin Have a Future?)

What’s beyond Bitcoin? Today marks the tenth anniversary of the birth of Satoshi Nakamoto, and together we witness the great history of Bitcoin.

November 18, 2013: The first round of Initial Coin Offering (ICO) fundraising after the release of open-source software raised a total of $100 million. October 2016: Record-breaking investment return rate of 300%, with a market value exceeding $500 billion. End of 2017: Venture capital institutions invested in nearly 100 BTC. Early 2018: The total market value of digital currencies reached nearly 20 trillion yuan. First quarter of 2019: Market share increased by more than 10%. The market changes in 2020 are worth paying attention to!

Does Bitcoin Have a Future?

Editor’s note: This article is from O Daily Planet Daily and is authorized for reposting.

In the cryptocurrency market, Bitcoin is the most controversial.

According to the Wall Street Journal, since December last year, the price of Bitcoin has fallen to around $34,000, and Ethereum, which has always been in a bull market cycle, has fallen by nearly 20%.

If we go back to after 2010, will the price of Bitcoin continue to maintain this level? The answer is definitely not! Does Bitcoin have a future? (Author: Coin Circle Sunset)

“Now there are so many people investing in Bitcoin.” a netizen named PeterThiel said, “It seems like I’ve been blown up like a thundercloud.” He said, “It’s just a joke- do you think it’s useless to buy a $2 counterfeit?” He added, “This is my experience… I think more and more investors will enter this industry and have a positive attitude towards Bitcoin.”

However, some analysts pointed out that because Bitcoin itself does not have the same risks as other assets such as lack of liquidity, it is difficult for it to become a good value storage means. However, according to Glassnode data, the current amount of Bitcoin held by exchanges has reached a historical high (about 400 million BTC).

Therefore, in the long run, with the continuous fluctuations in the cryptocurrency market and the massive printing of money by governments around the world, Bitcoin may experience some pullbacks. However, the recent rebound occurred in November, when there was also a sharp decline; it then returned to the previous high point and soared again at the beginning of this month.

But the question is, will this trend change soon? In fact, it is not the case for Bitcoin. On the contrary, compared to gold, Bitcoin has better prospects as an alternative.

Nevertheless, many experts still warn that even if the price of Bitcoin rises, it does not necessarily mean everything, as it has hedging properties or anti-inflation characteristics.

Original source: ambcrypto, compiled by Blockchain Knight, all English rights reserved by the original author, please contact the editor for Chinese reprinting.

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