How promising the Bitcoin future is?

by Ashish K. Articles

Bitcoin, the most popular of all cryptocurrencies we have today, has seen ups and downs many times in its lifespan as far. The journey of this digital asset is no less than a roller-coaster ride, which witnessed both impressive surges as well as drastic downfalls, leaving the buyers and investors skeptical about the future of Bitcoin. To anyone’s surprise, the value of Bitcoin had risen by 1289% during the period starting from March 2015 to February 2017, and this fact could easily make someone fall in love with this crypto-currency. But on the other hand, with 13-month low, the value of a Bitcoin tumbled below $4,225 by the mid of last quarter of 2018. So all in all, a kind of mystery continues regarding the future of Bitcoin, and people often found speculative as to how promising the Bitcoin future is.

The Future of Bitcoin
Bitcoin is the leading crypto-currency and widely accepted across the globe. In recent years, it has been benefitting all investors. Its future entirely depends on its current use and future encourage for the same. However, it also faces the highs and lows like the stock market. In order to avoid any sort of troubles and losses, investors and traders rely on predictions. There are numerous experts worldwide who have made next to accurate predictions regarding the future of Bitcoin. Take a look.

·    Bobby Ullery, CEO, WaySay
As per the predictions of Mr. Ullery, the crypto-currencies like Bitcoin and Ethereum will share $4.5 trillion market cap by 2020. As per the current statistics, Ethereum is one of the fastest growing crypto-currencies after Bitcoin and there are no doubts that it will reach share a value equivalent to Bitcoin.

·    Thomas Lee, Co-founder & Head of Research, Fundstrat Global Advisors
The current position of Bitcoin says that it is a great risk reward and it can reach the peak of $25, 000 by the end of 2019-20. Keeping in mind the prediction of Mr. Lee, investors can make an investment in Bitcoin. It is highly beneficial for all miners who are mining Bitcoins for earning rewards.

·    Finder.com
After taking opinions of 13 crypto-currency experts, Finder.com concluded that Bitcoin price will witness a hike of 300% and end up at $43,000 by the end of 2018. The site also predicted Bitcoin might cross $14K by March 1 in the forthcoming year.

These were a few predictions that are made for the uplift in the price of Bitcoin in the near future.

Bitcoin as a Store of Value
Bitcoin actually makes an excellent store of value in its current form theoretically. The only reason it is not behaving like one is down to people’s greed and naivety as to what it is and why it is special. So the value itself plays the key role in the future of Bitcoin. The co-founder of the American company Apple, Steve Wozniak, linked Bitcoin to gold that behaves way better than it. Unlike gold, Bitcoin is convenient and safe to store and transport. Apart from this, gold is something that you cannot trade for regular commodities that include eatables. Bitcoin can be traded easily for buying regular commodities conveniently.

Signing Off…
As per the collective predictions and surveys, the conclusion results in the better future of Bitcoin in the upcoming years. It is entirely done after thoroughly studying the past records, statistics, and the current demand of Bitcoin for commodities it can be traded for.