Why Bitcoin May Not Takeover the World
The future probably won’t be overrun by crypto payments - but investing in crypto might still be the money-making opportunity of a lifetime for gen-z and millennials.
(Not intended to be investment advice. Please conduct your own due diligence before investing in volatile assets such as cryptocurrency.)
In the past year alone, Bitcoin’s value has grown over a whopping 780%. It has received massive support from investors like Elon Musk, and institutional investors have begun dumping billions of dollars into the coin.
Its massive uptick in value has left people questioning whether Bitcoin’s value will ever truly reach a point where it can represent a proper, genuine currency around the world.
Most analysts agree that if it were to represent a main store of value globally, much like gold, Bitcoin’s price would reach a price of around $500,000.
There are a few roadblocks that may prevent this massive 9x price increase from happening.
First: Government Intervention
Around the world, multiple nations have publicly opposed the spread and growth of cryptocurrencies.
