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What Will Bitcoin Look Like In 10 Years?

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Bitcoin, which is one of the thousands of digital cryptocurrencies available in the global financial ecosystem today and the first among its kind, was introduced by Satoshi Nakamoto in 2008. The main goal of introducing this was to revolutionize the finance ecosystem. A lot of investors, financial institutions, Bitcoin enthusiasts and skeptics alike, are all on the lookout on what’s in store for the mother of all cryptocurrencies which leads us to the question, “Is there really a future for Bitcoin?”. 

With it being decentralized as its main advantage, meaning the government and central bank has no control over its movement and transactions, Bitcoin has garnered the attention of many since it provides freedom, security, and pseudo-anonymity of the identity of its users and the transactions they make. Bitcoin works using blockchain with its peer-to-peer network that records and validates each transaction in an electronic ledger. The larger these blockchains become, the more secure it gets. The data stored in this blockchain are difficult to be tampered with, thus making it more attractive to its users.

Bitcoin can be earned through mining using specific software, or it can be bought or traded using legitimate cryptocurrency exchanges. The world of finance has changed so much with the introduction of digital currency. Since its inception, more cryptocurrencies have been introduced as well. Currently, the price of Bitcoin has increased over the decade, proving some predictions to be true, which makes its investors hope more that its value will skyrocket over the next decade.

More so, the digital coin is now globally being accepted for payment such as basic needs and other online industries. Take it from El Salvador, the first among all nations, which has announced Bitcoin as a legal tender since June 2021. Any establishment can accept payment in the form of Bitcoin if the business has access to the cryptocurrency.

Though the value of Bitcoin in the market is extremely volatile, many experts still look forward to its continuous rise. Why so? With plenty of investors, miners and its use in day-to-day transactions, Bitcoin won’t be gone anytime soon.

Even with the sudden fluctuation of its value over the years and its drop last May 2021, people will still be more engaged to invest and buy it, especially when the prices are low. Particularly now with the rise of numerous digital wallets, the exchange of cryptocurrency has become more convenient.

With its global availability, it is still a top choice for international transactions. For beginner investors, Bitcoin would still be the first choice in crypto trading. Also, other cryptocurrencies are dependent on the value of Bitcoin since it is still the top digital currency as of today. 

Even though a lot of studies are already expecting its rise, there still may be a sudden drop in its price due to its unpredictable value. When investing in cryptocurrency, you should put in mind that the money you invest in the same amount you are willing to gamble. The growth of this digital currency has already been profitable to many and with the future of digital online banking, who knows how much more the value could increase?

If you are planning to or are already investing in cryptocurrency, you would want to get Bitcoin at the best price. Find out why purchasing Bitcoin is a good investment and is the best way to start your cryptocurrency portfolio on Topcoins. The site also provides an efficient way to keep up with your investments with up-to-date information.