Bitcoin has seen a meteoric rise defying all odds since its inception in 2009. It was ridiculed and mocked as a coin worth nothing. But it managed to emerge as the mother of cryptocurrencies crossing the $70,000 mark.
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Does Bitcoin have Future?
Does Bitcoin have Future- Bitcoin is on the way to cross $100,000 and hopefully it would cross the milestone in 2024-25. It is alive, doing good and thriving. To answer the question “Does Bitcoin have Future?” lets explore the key takeaways which decide the future of Bitcoin.
- Bitcoin is becoming more popular day by day attracting new investors, small and big.
- The backbone of bitcoin lies in Blockchain networks which promote decentralization, privacy and security.
- These principles make bitcoin a strong contender for widespread adoption in future knowing the depth up to which traditional internet has reached into personal lives.
- The idea of decentralization makes the bitcoin free from the centralizing authorities like authoritarianism and big players in the economies.
Is Bitcoin still worth investing in?
Certainly, Bitcoin is still worth investing. Bitcoin is considered,by many analysts, as a solution to inflation which lower the value of your hard earned money. Recently, Robert Kiyosaki, the famous investor and author of Book, “Rich Dad Poor Dad” stated, in a tweet, that an economic crash has already started. He added that market crashes are the opportunity to become rich. Further, he advised to invest in Bitcoin in this dip to preserve the value of of money and to earn big.
Big players of the industry have already started accumulating the bitcoin in big numbers with the likes of
For example, Michael Saylor’s MicroStrategy holds 214400 number of Bitcoins as on May-2024. This is
really big!
This may give you an answer to your question whether bitcoin is still worth investing in.
However, following points need to be considered while investing in the bitcoin.
Also read: How Bitcoin Halving impacts altcoins?
Volatility and Risk Management-
Before investing in the bitcoin, you must be aware that cryptocurrencies are subjected to high volatility and risk.
You can consider buying at low prices, that is, during the bear market. Further, invest a small amount of funds in bitcoin just to diversify your portfolio.
Long- Term Potential-
Bitcoin demands patience from its investors. It has seen a meteoric rise from just $1 in 2021 to over $70,000 in 2024. There is no short cut to earn big over night in bitcoin. So, have long term goals in bitcoin.
Will Bitcoin be worth anything in 10 Years?
Many analysts believe that bitcoin would be worth around $1 Million in 10 years. This is because bitcoin is
seeing more adoptions by the large enterprises and countries. However, it is very difficult to exactly predict the worth of bitcoin 10 years from now.
In the coming decade, the price of bitcoin would be determined by various factors like bitcoin adoption, market sentiments, technology upgrades and its scarcity.
AI coins are the current trend of crypto-market, here is the list of TOP 10 AI Coins that can boom in this bull run.
How many years will bitcoin last?
The supply of bitcoin is programmed in such a way that bitcoins will be supply will last for many years to come. Every four years, the supply is reduced to half. Overall the total supply of bitcoin is set as just 21 million.
So, practically the last bitcoin (in fractions) would be generated by year 2140.