In 2020, Bitcoin saw a huge rise in its value. The Bitcoin market traded at $23,000 in December 2020 alone.
The next decade and most probably the year 2021 could possibly be an enormous hallmark of the realization that Bitcoin is the real currency. The current investors have firm belief in the technology and the ecosystem created by Bitcoin markets.
When Bitcoin was introduced in the market, it was vastly dismissed by people. It saw frequent crashes and spurns. But as the technology is taking place in almost every field of life, Bitcoin started to get recognition. More and more people, even big tech companies started to invest in Bitcoin. It was risky at start, because of its decentralized ecosystem but ultimately was made fitted in the market by the approvals from mainstream organizations and institutes.
The trust that Bitcoin has gained over the year is massive. The users and investors of Bitcoin are not connected to any government, nation or private sector. This decentralized system of Bitcoin gives authority to the investors all alone. Bitcoin users even claim that Bitcoin is more reliable and exclusive than all the physical currencies.
According to Tim Draper, “It will be bitcoin, not banks and governments that save the day.”
In 2020, Bitcoin saw a huge rise in its value. The Bitcoin market traded at $23,000 in December 2020 alone.
The next decade and most probably the year 2021 could possibly be an enormous hallmark of the realization that Bitcoin is the real currency. The current investors have firm belief in the technology and the ecosystem created by Bitcoin markets.
When Bitcoin was introduced in the market, it was vastly dismissed by people. It saw frequent crashes and spurns. But as the technology is taking place in almost every field of life, Bitcoin started to get recognition. More and more people, even big tech companies started to invest in Bitcoin. It was risky at start, because of its decentralized ecosystem but ultimately was made fitted in the market by the approvals from mainstream organizations and institutes.
The trust that Bitcoin has gained over the year is massive. The users and investors of Bitcoin are not connected to any government, nation or private sector. This decentralized system of Bitcoin gives authority to the investors all alone. Bitcoin users even claim that Bitcoin is more reliable and exclusive than all the physical currencies.
According to Tim Draper, “It will be bitcoin, not banks and governments that save the day.”
He also claims that Bitcoin would hit $250,000 by 2022. The next two years are said to be the highest grossing years for Bitcoin miners and investors. Some governments around the world, such as the technological giant Japan, has approved Bitcoin to be a lawful and secure form of payment, which is a massive step in the advancement of technology and the success of Bitcoin as a real currency in the future. Bitcoin is likely to break all the previous records in the coming few years. “Bitcoin down, all crypto down; bitcoin up, all crypto up.”
He also claims that Bitcoin would hit $250,000 by 2022. The next two years are said to be the highest grossing years for Bitcoin miners and investors. Some governments around the world, such as the technological giant Japan, has approved Bitcoin to be a lawful and secure form of payment, which is a massive step in the advancement of technology and the success of Bitcoin as a real currency in the future. Bitcoin is likely to break all the previous records in the coming few years. “Bitcoin down, all crypto down; bitcoin up, all crypto up.”
