1. PixelPlaygroundHome
  2. Metaverse Insights

What will happen to Bitcoin by 2140? (What will happen to Bitcoin by 2140?)

• Metaverse Insights • 75 views

What will happen to Bitcoin by 2140? In predicting the future of cryptocurrenci

What will happen to Bitcoin by 2140? (What will happen to Bitcoin by 2140?)

What will happen to Bitcoin by 2140? In predicting the future of cryptocurrencies in the next 10 years, there are several points to consider: 1. Bitcoin will become a store of value; 2. What will happen to Bitcoin? 3. With the passage of time and technological development, it will become more and more resilient.

Looking back at history, blockchain has experienced many peaks, highs, and even bear market cycles. But looking at the current trends, it is still too early to say what will happen to Bitcoin by 2140, despite being in a bull market phase. (Note: This article is from Coindesk).

What will happen to Bitcoin by 2140?

Editor’s note: This article is from Cointelegraph China (ID: CoinTelegraphChina), author: JOSHUAMAPPERSON, authorized reprint from Odaily Planet Daily.

In a recent article about the future trend of Bitcoin, I wrote, “The prediction from 2020 to 2140 has already happened.” We expect this trend to end in the first or second quarter of 2022 “if the market has confidence in this data and maintains an optimistic mood.” We will see the result of this transformation – that is, it will change the way and form of the financial system.

According to my calculations, the end of 2021 is a crucial moment for the birth of Bitcoin, while the beginning of 2024 may not be, as the global economy is currently in a recession. “When the world is in decline, you have to know what will become the norm? Then what do you believe will emerge?” This article explains how “Bitcoin” evolves and why it has such high volatility. Here are the three most notable factors: Bitcoin halving, the outbreak of the COVID-19 pandemic, and other events.

First, this is a revolutionary experiment – although many people don’t care about this issue – but the price of Bitcoin is actually several times higher than ever before. However, as more and more traditional investors start adopting crypto assets, people may consider it as part of their investment portfolio. For example, in the past year, institutional funds have been pouring into the Bitcoin market and are growing at such a fast pace. Therefore, they can expect this situation to continue due to the current zero inflation rate and lack of support from physical currencies. On the other hand, this may be a good thing for those who are not familiar with the technology because it means that most investors still want to hold onto their assets.

Secondly, the surge in Bitcoin prices also brings some effects: the worsening macroeconomic conditions lead to a decrease in Bitcoin supply, putting pressure on the industry. Meanwhile, over 70% of transactions on the Bitcoin network are conducted by individuals. In other words, as more countries emulate fiat currencies like the US dollar, the demand for Bitcoin will also increase.

Lastly, let’s take a look at the future of blockchain and its development trajectory. Is Bitcoin a digital gold? We cannot determine what the real gold is, but we can still be sure that it will reach $100,000.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24032/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/15/2023 10:07
Next 08/15/2023 10:29

Recommended articles