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?
I think that in the next 10 years, Bitcoin can be more exciting than just focusing on the 'digital gold' narrative. Store of value can continue to be one of the most compelling use cases for Bitcoin because even under the most difficult circumstances, people still need the stable monetary asset that is capped and permissionless globally.
At the same time, we can see it becoming useful in other forms. For example, the future may be led by a trend of using the technology to settle cross-border payments, collateralize assets, store value, or develop liquidity-based financial products. Segwayer solutions and the other scalability solutions can help achieve fast small transactions without affecting the underlying layer.
That said, I don't think all these use cases I mentioned will be the most successful in the future. Everything will be subject to regulation, volatility, other asset classes competition, environmental issues, and scalability. Some use cases will die, but some new use cases will spring up.
Thus, I would not argue to choose between 'digital gold' and the global financial network because Bitcoin can become both the monetary asset at its base layer as well as something else. We will see which use cases will be sustainable in the next 10 years.