How high will the price of bitcoin be in the future
bitcoin as a new thing, its existence has its value application, but it is only limited in its era. So if we look at the big time cycle, there are only two forms of bitcoin in the future. One is hidden in the long river of history, and the other is in the era of digital currency, which can lead to the existence of this special value of borderless and creditless endorsement. At that time, a bitcoin may be worth hundreds of thousands of dollars
up to now, bitcoin has been born for more than 10 years, and there have been four big bull markets in these 10 years, but the mission of bitcoin has been achieved to a certain extent, that is, a currency without borders and value endorsement has formed a certain consensus, and led the blockchain technology to the world. So far, the price of bitcoin has been maintained at around us $12000, which is a certain amount different from its previous record high of US $20000. However, whether it can set off a bigger blockchain bull market in the future still needs to wait< br />
In the future, the value of bitcoin will continue to rise, mainly e to the following reasons:
1. The value of bitcoin will rise over time in design
2. As the transaction volume of bitcoin is increasing every day in the world, the total amount of bitcoin and bitcoin generated every 10 minutes will decrease (that is, the bitcoin implemented on July 10 will be halved), The value of bitcoin will continue to rise in the foreseeable future
The dollar and many other fiat currencies are depreciating every year, which is e to inflation, that is, the increase of money supply. Bitcoin is designed to be deflationary4. Since now, the supply of bitcoin has been reced again, that is to say, bitcoin has been "halved", recing the number of bitcoins proced every ten minutes. At present, the reward for each block is 12.5btc
There is no proction limit on the quantity of US dollar, so it may be inflated by the order of the government or the central bank group. Paper money (legal tender) is usually inflated by trying to pay off excess debts or by paying for war But in bitcoin, there is no debt, inflation and bleeding. I would say that we are on the way to a good ideological start7. Bitcoin now has a bifurcation battle, but the market fluctuation is relatively stable, which proves that many countries in the world need it. If you split a coin into two. If your assets exceed 10 million, I suggest you invest 10%
ten years from now, the price of bitcoin is unknown On December 17, 2017, bitcoin reached an all-time high of $19850. On June 22, 2019, the price of bitcoin broke through the $10000 mark. Bitcoin prices fluctuated around 10200, rising nearly 7% in 24 hours
On June 26, the price of bitcoin broke through US $12000, a 17 month high since January last year. In the morning of June 27, the price of bitcoin was close to $14000, reaching a new high of the yeartherefore, the future price trend of bitcoin is uncontrollable
4, low transaction costs:
bitcoin can be remitted free of charge, but in the end, a transaction fee of about 1 bit will be charged for each transaction to ensure faster transaction execution
In early August, bitcoin 24mining, a cryptocurrency investment boutique, launched a price forecasting model, which uses bitcoin mining machine learning software of bitcoin 24mining in Python. As the upstarts say, burgercrypto revealed in their model that they expect bitcoin to fall to a low of $8000 in October 2019
when the model was released, analysts called on BTC to restore its upward trend to a new historical high of more than $20000. However, as you may already know, bitcoin 24mining's machine learning based bitcoin mining model has proved to be correct. With the increasing bear market pressure, BTC fell to $7700 at the beginning of this month
as shown above, the model shows that bitcoin fell to about $8000 at the beginning of October when it bottomed out, began to rise, entered Halloween / early November, and then soared to an all-time high