Bitcoin’s future value and development direction are worthy of consideration and should be predicted.
Bitcoin price volatility is a confessed fact in the industry. From the end of 2017 to the beginning of 2018, Bitcoin is the largest commodity that can be invested. But prices have risen by more than 100% in three months. However, by the end of 2018, Bitcoin had depreciated by nearly 80%, but now, it seems to have stabilized at around $10,000.
Although it is not absolutely certain to predict the direction of Bitcoin development in 10 years, it is necessary to consider the future of this cryptocurrency.
In the future, Bitcoin may help entertainment companies prevent the Internet from sharing copies of music, books, and movies. Because every Bitcoin has a unique and irreplaceable token, the entertainment industry may use the same blockchain technology to give each song a unique digital footprint, so it is easy to track which songs are shared and stolen take.
Another possible future use of Bitcoin is the operation of hedge funds betting on sovereign debt defaults. This may be a use of Bitcoin because of its ability to conduct global transactions that are not vulnerable to attacks. The Bitcoin code is unique, and the blockchain system can distribute information to all parts of the world, so that hackers can’t do it overnight. Hedge fund operations may soon change and they will no longer rely on the traditional central bank system, which is much weaker in terms of the security of global betting.
Virtual reality games and Bitcoin
In addition, we will see more applications of Bitcoin in other areas of the virtual world, such as virtual reality games. As we all know, virtual reality is changing the world we live in, from the way we shop to the way we work, including how we will use Bitcoin. It is predicted that Bitcoin may be used in the game field in the future, because it can eliminate the middleman and make it easier for people to transfer money and payment methods.
For example, if you are paying for a virtual reality game, paying via Bitcoin will make the whole process easier and more fun. No need to laboriously enter credit card information or wait for withdrawal from a bank account. Bitcoin is a fast and simple virtual reality game solution, which may become a major trend in the future.
Bitcoin’s future value
Currently, using Bitcoin for transactions is very expensive, because not enough people use Bitcoin as a payment method. The future value and viability of Bitcoin is directly related to how many people will rely on it as a common form of payment. The main reason why Bitcoin cannot become mainstream as a payment method is the volatility of its value.
No one wants to spend enough Bitcoin to buy a new car the day before, and only enough to buy a bicycle the next day. If Bitcoin becomes more stable, more people around the world may accept it as a common mainstream payment method, which will make the overall value of Bitcoin soar.
The future of Bitcoin may move in many different directions. Even the top experts in the field are divided on whether the value of Bitcoin will rise or fall in the next year, let alone the next five years. However, one thing is clear: if Bitcoin will increasingly incorporate new technologies and adapt to new uses, the value of Bitcoin may rise