Bitcoin overtakes VISA within 10 years !?
“Bitcoin will take over payment systems around the world within the next 10 years”
A report has been released from DataLight.
DataLight estimates that if the Bitcoin network grows at the current pace, it will win VISA, MasterCard, and PayPal over the next 10 years.
The main reasons were cheap fees and the improvement of the community.
The number of active nodes in Bitcoin is about 10,000.
The Visa data center is 119, the master card is 98, Paypal is 51, and the number of bitcoin wallets is about 25 million.
The total number of VISA and Mastercards issued is 5.3 billion.
But Bitcoin is only 10 years old!
Visa is born in 1958, Mastercard is born in 1966. PayPal is born in 1998.
DataLight referred to these data and showed their perspective!
“Technological improvements are almost certain that Bitcoin will become the world’s mainstream payment system. The bearish trend of 2018 will only be a temporary drop.”
Although there is a problem with the tether company, it is encouraging to have an opinion based on the data.
As a matter of fact, bitcoins continue to get stronger.
Bitcoin prices have risen almost 50% since the beginning of 2019.
But it’s important not only to be concerned with fluctuating prices, but to keep an eye on the fundamentals that underlie the transaction settlement network.
This is a bitcoin fundamental and fact.
・ Of a total of 21 million bitcoins, less than 11.7 million are distributed.
・ Hash rate has increased more than 10 times in the past 2 years.
・ Miner earns 3.5 times bitcoin daily in USD conversion since 2 years ago.
• The cost of one transaction has more than doubled in two years, but decreased more than 60% in 12 months.
• The number of transactions per day has increased by more than 70% over the past two years, recording the lowest value in May 2018, and the number has continued to increase over the past 12 months.
The total number of wallets has increased more than 2.5 times over the past two years.
Bitcoin is a very volatile asset.
But it is certain that digital native currency is getting stronger over time.
As with life, the maturity and large scale introduction of Bitcoin takes time.
People who can look ahead and act will be greatly rewarded.
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