Bitcoin Prediction For Next Twenty Years

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Bitcoin Prediction For Next Twenty Years
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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.
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• 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.

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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 wont 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.

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• 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.

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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.

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• 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 Bitcoins speciality. That is the
  reason why value plays an essential part in
  knowing about Bitcoins 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.

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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 peoples 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.

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Conclusion So this is all about Bitcoin
prediction. No matter, Bitcoin stands at the best
position in the cryptocurrency market. The reason
which makes it a popular financial phenomenon is
the presence of some essential features, which
you will hardly find in any other digital
currency. Starting with the first factor, Bitcoin
has no leader. So you dont have to fall in any
legal trouble or jail, even if traditional
currencies are challenged by it. Next, it is free
from any censorship barrier. If the networks
dont seem supportive of any change, then it will
certainly happen. This comes as a major feature
of Bitcoin. Sources https//www.cryptoknowmics.com
/news/list-of-famous-bitcoin-investors
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