If there is a suitable moment to take advantage of the crystal ball and look into the future, he now.
Unfortunately, such a device does not exist, so it is impossible to see the future of bitcoin in 10 years. However, this does not prevent many from thinking about the possible fate of the currency.
The first time bitcoin appeared nine years ago. In July 2010, one bitcoin cost only 0.08 dollars. Now the digital currency is trading at more than 6,600 dollars, and its market capitalization is over 110 billion dollars, according to CoinMarketCap. Achieving bitcoin of this level was not easy. But the crypto currency again and again returned to new astronomical levels, which even the critics can not ignore.
Undoubtedly, this year was interesting for bitcoin. He not only crossed the mark in 4000, 5000, 6000 and 7000 dollars, but apparently will reach 8000 dollars before the end of 2017.
The Chinese authorities are stopping domestic trading on bitcoin exchanges, and critics such as Jamie Daymon, JPMorgan Chase's CEO, call it "fraud". But all this has a relatively small impact on the total value of the currency.
So, now bitcoin shows a new level of development. But what can you expect from this crypto currency in the next 10 years?.
Analyst Saxo Bank Kay van Petersen believes that in the next ten years, each bitcoin unit will cost $ 100,000. It was van Petersen who correctly predicted the achievement of the Crypto-currency mark in 2000 dollars in 2017. In May, discussing the long-term future of the currency, he said that "the crypto-currencies will not disappear anywhere".
Others who justified the future price of bitcoin were Vinces Casares, general manager of the crypto-currency purse Xapo and member of the board of directors of PayPal. At the conference Consensus 2017, held in May in New York, he predicted that the cost of bitcoin would reach $ 1 million in 10 years. Susan Poole, former director of development at Chamber of Digital Commerce, co-founder of the Blockchain Training Institute and founder of the BlockBridge Advisor consulting firm, wrote in her Twitter:.
"Wow! The guy from PayPal and @ xapo @wences: buy as much #bitcoin as you can afford ... it predicts that it will reach 1 million in 5-10 years # consensus2017 ».
These are just a few of the most varied examples of the direction of the cost of bitcoin in the next decade.
Given the pace of its growth, everything is possible. The fact that the digital currency is widely used around the world as a trading asset or a means of payment proves its usability and growing preponderance. For those wishing to advance in the financial world, bitcoin is a suitable solution. It is also a solution for those who live in countries with weak economies. It will continue to grow while the demand for it continues. And with the growth in its value, the same will be the forecasts for the future price.