Bitcoin has been around for quite a while now and has already gone through several cycles.
Some people see it mainly as digital gold, while others believe it could become much more than that.
I'm curious how people here see Bitcoin evolving over the next 10 years.
Will it remain mostly a store of value, or do you think we'll see new use cases develop over time?
What do you guys think?
Bitcoin already build a huge foundation in the community we can even see Bitcoin getting support from the governments, companies etc. I can't see a huge reason why Bitcoin is not going to continue it's journey to increase it's adaptation around the globe, for sure after 10 years I could speculate a huge market price maybe almost around 1million dollars market price for sure. For sure like what happened in the past year it is going to get adopted on a lot of aspects like stores, online payments etc. A lot of countries for sure is going to see it as a huge asset as well making it something that is worth investing for long term, it's possible that countries is going to do as well a strategic reserve investment.
Unless there were something happened that is going to destroy Bitcoin, like something like war, or maybe someone able to hack it's structure maybe we could see a huge downfall of Bitcoin since it wasn't something that is guaranteed to continue it's market price because nothing is backing it up actually, market price is only depending on supply and demand so if that experience a problem then that could mean a huge problem.
I still wouldn't bet every on it since it wasn't something that is guaranteed, it's better to diversify long term and in my experience cash is still king, even though it wasn't something that is a investment, I still have savings funds on banks for emergencies and savings.