I am grateful to those who made me a crypto lover : Mr MarcDeMesel , @Read.Cash and @Scottbusiness.
Bitcoin is the future wealth for many cryto lovers. Considerable growing rate is estimated in the following years.
However , there is a lack of regulatory support from politicians and law makers till these days. I aim to achieve two objectives :
- Top Scenarios of bitcoin price
- Bitcoin and hatred law makers
1. Top 3 Scenarios on Bitcoin Future Price :
Scenario 1 : Over $50,000
Scenario 2 : $100, 000
Scenario 3 : $1,000,000
Bitcoin can still set unimaginable price records ($1 million?) But When ?
The first graph shows the close price in year 2025.
This is second scenario that may happen due to market cap . It can be possible.
Source : https://smartereum.com/3330/bitcoin-forecast-can-bitcoin-worth-more-than-100k-in-2019-sun-jun-09/
The Third graph shows the most shocking price.John McAfee, the founder of McAfee antivirus software, claimed that bitcoin price would hit $1 million by 2020 but I think in 2050 is more convincing.
2. Bitcoin and Hatred Law Makers :
Despite the great potential of cryptocurrency in different levels , Lots of law makers show their hatred towars bitcoin. Trump is not alone in his hatred for Bitcoin and other cryptocurrencies.
We can mention Jack Bogle (Vanguard founder) who advised people to “avoid Bitcoin like a plague” because Bitcoin unlike stocks and bonds has nothing to offer; David Gledhill (CIOat DBS) believes that Bitcoin is a “Ponzi scheme.
Andreas Treichi (Erste Group Bank AG), just like Trump, is not a fan of Bitcoin, told that Bitcoin “will make central banks lose control”;
Source for more : https://coinpedia.org/information/experts-criticisms-bitcoin-cryptocurrencies
3. Concluding Point :
Bitcoin could be the first cryptocurrency to reach a market capitalization of one trillion dollars. It can reach a price record of 1 million dollars. However it still faces immense barriers, challenges as well as major regulatory hurdles.
For the future sake of Bitcoin and altcoins, We need more people like @MarcDeMesel who encourage future youth not to ignore “winds of change” and consider looking at the bright side.
informative post