You might be hearing the term cryptocurrency now and then everywhere you go. In recent times almost three out of five people are involved in cryptocurrency trading. Most of us have only one question: What will be the value of cryptocurrencies in the future?
What Happened With Bitcoin This Year?
We all have seen a massive spike in the value of Bitcoin this year, and along with bitcoin, several other cryptocurrencies like Doge, Ethereum, and much more.
Investment in the cryptocurrency market is a game full of risks due to which investors always have anxiety and questions related to the upcoming years.
Bitcoin is the oldest cryptocurrency, and is one of the most popular coins. Also, with its good graph, many people have invested in it.
Even though bitcoin has seen a tremendous increase this year, everybody is anticipating a high spike in the upcoming years, but nobody knows the future of the crypto market.
Along with the immense rise in value, bitcoin has also seen significant uncertainty with every day up and down. Even after every day up and down, Bitcoin still has a good word in the market, and people are investing in it.
What are the Advantages of Bitcoin?
Bitcoin is the fastest growing cryptocurrency that has also taken over the traditional financial industry and is also spreading its wings in the new arenas.
Bitcoin has several advantages, and we have mentioned the major ones below.
You Can Use Bitcoin as a “Store of Value”.
We all have heard of the stock market exchange and shareholding, and we know how these markets have declined in the previous years.
One of the significant advantages of having Bitcoin is that you invest in it as a store of value. By the store of value, we mean that you are investing your money in the coin, giving you a high rate of opportunities to get a higher investment rate.
Investment in Bitcoin is not only limited to people in business or big corporations. Even a student can invest in bitcoin. So, with cryptocurrencies, the sky’s the limit.
You Can Have “Faster and Cheaper Transactions” with Bitcoin.
In the beginning, Bitcoin wasn’t used for transactions between individuals and organizations, but with its popularity and excellent investment rate, several organizations began to accept Bitcoin as a transaction medium.
With Bitcoin, investors can have a faster and a secure transaction as compared to the old methods. Several foreign countries like Iran have started to accept Bitcoin as a reliable source for foreign exchange.
You Get “Transparency” While Using Bitcoin.
If you use Bitcoin as a medium of transaction, you don’t have to worry about getting your personal information leaked anywhere.
During the transaction, only your public address is accessible to the people. And by people, we mean anybody. Anybody can view your transactions and verify them anytime because of the bitcoin block screen.
However, the entire system remains safe and transparent because the system completely secures the cryptocurrency.
There are “Limited Fees” on Transactions.
As of now, there are no significant charges for bitcoin transactions. Even if the fee is applicable on a transaction done by Bitcoin, the amount is significantly less than credit cards and other transaction modes.
The primary reason why a payment is applied to the transaction is to get done with it quickly. The higher fee you pay more instantly the transaction will be done. But it’s completely subjective.
What Will Happen to Bitcoin in 2030?
Everybody gets skeptical now and then thinking about the future of Bitcoin or any other currency in which they are interested. Still, because of the history of Bitcoin going on a bull run, we can assure you that it will rise significantly by 2030.
Many experts predicted a few months ago that Bitcoin would reach up to $10,723 by 2030, and probably the price will reach up to $33,510 in 2024. But, we all know what happened.
In 2020 the bitcoin had the price of $28,000, and as of January 2021, it was priced at $33,000, which was supposed to go in 2024.
As for these predictions, you can also make out that even the predictions by the experts cannot be trusted. And the way Bitcoin has grown in these years and months, it is hard to predict its price by 2030.
Several other experts Have predicted that there are chances that around 2030, the bitcoin will rise to $100,000 to $1 million.
At the rate at which Bitcoin is growing, the possibility of this prediction being true is relatively high. The only thing that we suggest right now is to invest in bitcoin because even if this coin’s price falls, it will grow significantly in the future.
As per the market cap that Bitcoin is having right now, it is also believed that it might reach $7.5 trillion in the long run.
Undoubtedly, Satoshi’s coin will reach its all-time high in the coming years, so; it’s wise to put your money in the coin right now. Check out the bitcoin evolution review.
Final Verdict
If you also invest in cryptocurrency, you should always know that even though the price of a coin is low right now or it goes lower in recent days, it will rise in the long term. You can start investing in Cryptocurrency at Crypto Genisus.
Unless and until you don’t sell your coin in fear of having a loss, you are never at a loss. What will happen to Bitcoin in the future cannot be said clearly, and nobody can estimate the price of bitcoin in 2030.
But the one thing that we can say for sure is that the coin’s price will continue to grow in the future as well. Maybe the coin will face obstructions, but it will grow in the long run.
With the volatile behaviour of Bitcoin nowadays, it might pink into this key to investing right now, but if you want to have a long-term benefit, then you should go ahead and invest in bitcoin now.