There are many different opinions on bits today. Everyone cannot deny its existence, but it is divided into two kinds of opinions in the world. One thinks that Bitcoin has a future, and the other thinks that Bitcoin has no future. So far, virtual currencies such as Bitcoin , such as Ethereum and Litecoin, have survived a series of tests but may have different possibilities in the long run. So, what will be the future of Bitcoin?
1- Twitter CEO's: optimistic about Bitcoin's future
Payment Platform Square and social platform Twitter (Twitter) CEO Jack Dorsey (Jack Dorsey) also stated that he is optimistic about the future of Bitcoin!
"The Internet will have a local currency, so we do not wait until it happens, let us help it happen."
He believes that a single global currency may open a new trading market that is not yet available.
It is worth mentioning that Dorsey was interviewed by The Times in London and said that he believes that there will be a world currency in the next 10 years and that it is Bitcoin.
In addition, Dorsey believes that applications (APPs) are the future payment method, and his payment company Square has launched a cash app. Since January this year, the app has made $34.1 million in Bitcoin transactions.
Dorsey see cryptocurrency is used in 10 years, maybe in the future it can also be used to buy coffee. Although he is not sure whether it is Bitcoin or other cryptocurrency. The development and potential of the Internet make digital currency extremely viable.
There is no doubt that Bitcoin prices have gone up and down, volatility is abnormally close, and so far it has almost been proved to be an unstable market. To this, Dorsey acknowledges that more work needs to be done on this technology. .
However, he himself owns Bitcoin and is optimistic about its future. Dorsey stated that it (Bitcoin) will lead to a fundamental shift in the way of global trade and eliminate the role of banks as middlemen in financial transactions.
2 Venture capitalists expect Tim Draper
Another supporter and believer of Tim Draper, who expects Bitcoin to reach 250,000 U.S. dollars in Bitcoin by 2022, he expects to reach 2022 Bitcoin will reach 250,000 U.S. dollars.
Draper even believe that the future of cryptocurrency APP will replace credit cards for everyday purchases. More importantly, Draper predicted that the legal currency will be greatly affected. He pointed out that there are about 80 trillion U.S. dollars in legal currency worldwide. If Bitcoin like cryptomoney can grow to $ 100 trillion, then it can be reduced to the legal tender of $ 30 trillion.
3 Why is it so optimistic about Bitcoin?
Many people think that Bitcoin is the greatest technological innovation since the Internet. They think:
First, Bitcoin can change the way individuals and companies do business forever.
Second, cryptocurrencies do not involve banks.
Third, this is a digital fund transfer without government manipulation.
Fourth, no central bank has artificially assessed the currency and caused inflation.
Fifth, it eliminates the potential "fraud" of credit cards.
Sixth, financial transactions in fiat currency must comply with different regulations in different markets.
In short, in these eyes, cryptocurrency transactions will reduce or eliminate these problems.
They even stated that Bitcoin is currently in a hot trend and this may be the way out for the future.