What is the Future of Bitcoin?
Bitcoin is a virtual currency and it is like gold. People purchase bitcoins and make money in comparison to mining the bitcoins. The future of Bitcoin is that it is unpredictable.
It can either be very popular or not popular. You do not know where the price of the Bitcoin is going to go. There is no telling what the future is like for Bitcoin.
Bitcoin is a cryptocurrency that has been around for a while. In the early days, Bitcoin was a savior to those who couldn't get their hands on traditional US Dollars to buy items from Amazon.
Bitcoin, being a decentralized digital currency, helped people to bypass the cumbersome fiat banking requirements. Bitcoin was also an ideal currency for people living in countries.
Bitcoin has a market cap of over $200 billion and a supply of about 17 million Bitcoin. The power of Bitcoin's decentralized nature is what has helped Bitcoin stay upright in the market.
Bitcoin's decentralized nature prevents Bitcoin from being shut down by governments and gives Bitcoin the ability to be used around the world.