Greetings to everyone, it's @skyehi and no doubt it's been a really long while since I talked about cryptocurrency.
A lot has changed since the past year for cryptocurrency and especially Bitcoin.
I so happened to stumble upon this interesting article on Bitcoin and, my-oh-my, this is a real mind bender. Allow me to make it simple for you.
The first thing we need to know is what Bitcoin actually is. It’s an electronic currency but way cool. People purchase, sell or even do web shopping with it. This money can be regarded as the savior of the financial world that fights against the traditional banking system.
Now let’s talk about these big companies known as BlackRock and Fidelity who are utilizing ETFs to invest in bitcoins which are not their own.
Hey, guess what guys? They expect that by 2030 Bitcoins will have reached $75 trillion ! Well that number is huge.
There is this woman named Cathie Wood who is just so brilliant when it comes to investing. What she proposes for Bitcoin, if only more giants like it invested lightly in the cryptocurrency and, then its value will burst up. By 2030, she says that BTC could be worth $3.8 million each.
Can you fathom that? It feels like a thousand times winning the lottery!
But hang on, while all this moon talk about Bitcoin sounds great, there are some things we really need to ponder over. Like what if the government does not want Bitcoin to become such a big deal?
There are fears that they may even try to ban or outlaw it. There’s also something called halving which simply means reducing by half the number of new Bitcoins created. This is happening soon and might cause a stir.
Also, prices of Bitcoin can be extremely volatile. It feels like riding in a rollercoaster sometimes with lots of twists and turns. And as more people desire to own Bitcoin, things could get even messier.
What is my perspective on all this? Well, I am mad about Bitcoin, but we need to be cautious too. It can be likened to anything else in life, where risks are involved.
But then again, if you are willing to embrace uncertainty and go with the flow, Bitcoin could prove to be a high-stakes gamble worth making.
However, whether Bitcoin hits $75 trillion or does not reach it at all, one thing is certain – it’s really shaking up our perception of money. And perhaps someday we would use bitcoin for grocery purchases! Isn’t that curious?
So there you have it- Huge Bitcoin Predictions from my point of view. It may prove to be thrilling and dangerous but hey that’s what makes life full of interest isn’t it?