Over the years it has been observed that the cryptocurrencies have been highly volatile and component, especially the Bitcoin. This volatility mainly depends on the decisions taken by the United States' financial regulators on the usage of Bitcoin. However, the future of Bitcoin can be summarized as follows -
With its increasing popularity, Bitcoin users predict that by 2024, almost 94% of different types of Bitcoin will be released
A forecast by Jeremy Liew, Snapchat's first investor, estimates Bitcoin to hit a staggering $500,000 by 2030.
The popularity of this form of currency is expected to grow exponentially, as it is decentralized, safe, and anonymous
The fact that a huge section of technology-savvy individuals and companies are favoring the decision of using different form of encrypted currencies clearly indicates that the future of Bitcoin or cryptocurrencies as a whole is going to be bright
However, it is predicted that the profits once made by miners by creating new blocks will reduce to such an extent that it will be negligible. Cryptocurrency is only in its initial stages, so it is too soon to assume whether cryptocurrency will be the future of money or what will be the impact of Bitcoin in the coming years.