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What is the long trem future of bitcoin ?

  •  Bitcoin is several things but it is never dull . The oldest largest and most mature cryptocurrencies is still getting its bearing in market seeing about equal amounts of positive and bad news . The road ahead is as hazy as it has always been . As I write this the market  price of bitcoin is 62% lower then its all-time high of the last month of 2021 . simultaneously bitcoin has quadrupled in three years and increased 1,500% in six years . Bitcoin alone accounts for around half of the whole crypto market value . So there are many bitcoin supporters but also many bearish investors .

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  • So where will bitcoin go in the long run consider the best case scenario the utmost bear case and then seek a more realise compromise between those extremes. Bitcoin maximalists such as microstrategy president Michael saylor think bitcoin is the currency of the future. He believes the price will rise forever with some volatility along the way but a consistant upward trend in the long run. So microstrategy has turned the majority of its financial reserves into bitcoin and continued to invest. That according to saylor is the only sensible approach to handle your company's financial in the long run. 

Will bitcoin regain its value in 2023 ? 

  • Bitcoin the world's largest digital currency is once again on the mend with the coin up about 4% in the last week and trading at 27000 at the time of writing. After a wide gap bitcoin which had an unstable flow in may owing to different micro and macro variously is now trading in green. Previously bitcoin fell below $2355 and was trading at its lowest level in tree months after the securities and exchanges commission sec sued one of the biggest cryptocurrency exchanges binance Inc and its founder and CEO  changpeng zhao .
  • However several reasons such as the dollar's weakness cooling inflation statistics a halt in rate hikes in the united states confidence from BlackRock's etf filing and safe haven flows have led to bitcoin's resurgence during the previous two weeks . according to coinmarketcap the worldwide cryptocurrency market has increased by about 1% in the previous 24 hours reaching $1.07 trillion . 2023 has been a difficult year for all cryptocurrency including bitcoin . In reality bitcoin the worid's largest cryptocurrency has lost approximately 65% of its market value in 2020 . A succession of tragic occurrences such as the terra luna crisis the collapse of the major crtpto exchange ftx and the approaching macroeconomic difficulties caught crypto enthusiasts off surprise . 

Can bitcoin achieve $1000,000 by 2023 : 

  • We all recoganise that btc has increased by more than 80% since the beginning of the year . Wiht such enormous and unexpected growth it has undoubly surpassed numerous other major assets providing tremendous returns to those who purchased btc at a discount . The industry is ecstatic to see the new high of the worlds largest cryptocurrency and hopes for more . Nichholas beard chief strategy officer of cryptocurrency exchange gemini in the united states predicts bitcoin will reach new highs this year . $1000,000 price level is a interesting amount assuming bitcoin reaches its prior record high of about $69,000 he added . 


  • There are as many forecasts about the future of cryptocurrencies as there are analysts . In 2021 cryptocurrency's popularity remained high . goldman sachs has begun to accept cryptocurrency . Coinbase went public in April 2021 and the first bitrcoin-linked exchange-traded fund opened in October . In 2022 cryptocurrency is projected to be a major concern . According to vijay ayyar vice president of corporate development and worldwide expansion at crypto exchange luno 2022 will be a huge year in terms of regulation . Accoding to ayyer he anticipates some clarity on the legal "grey zone " of cryptocurrencies other than bitcoin and ethereum . Another area of regulator attentionis expected to be stablecoins which are tokens whose value is related to the value of a cryptocurrency doller . tether the worlds largest stablecoin appears to be divided over whether it has sufficient assets in its reserves to warrant being pegged to the dollar . 


  • Bitcoin and other cryptocurrencies values fluctuate according on global supply and demand . Some cryptocyrrencies however have fixed values because they have been supported by other assets giving them the moniker stablecoins . While these coins typically claim a peg to a standard currency such as $1 per coin many of these currencies were devalued during a period of turbulence in 2022 . 

Cryptocurrency transaction confirmation: 

  • Cryptocurrency is made up of a network of peers and each peer maintains a record of all previous transaction . Any network transmission is signed by the sender 's private key before a peer-to-peer broadcast massage is transmitted to the network . It is proven after a length of time . Once a transaction is verified it cannot be reversed or modified in any way Over the turbulent . This volatility is mostly determined by judgements made by financial regulators in the united states on the use bitcoin . However bitcoin future mat be summarised as follows : 


1. Should you immediately spend $1,000 in bitcoin ? 

  • You should know this before you consider bitcoin . The motley fool stock advisor team just announced  their top ten stocks for investors to purchase right now .... and bitcoin was not one of them . Financial advisor is an online investment service that has outperformed the stock market by three times since 2002 . And right now they believe ten stocks are better buys . 


2. Is it possible for bitcoin to reach one million dollars by 2025 ? 

  • Bitcoin enthusiasts are continually making too optimistic and  at times unachievable predictions for their favourite currency . And following this mini-bull run there are various theories circulating that the worlds largest digital coin btc may potentially reach $10 lakh by the year 2025 . A lot of significant figures in the crypto world have reiterated this remarkable and speculative amound of ten bucks lakh . Sanson mow a chineche canadaian bitcoin entrepreneur and CEO of cryptocurrency start . Predicts the price of bitcoin will reach $1 million in just over five years . 

 3. Will bitcoin crash once more in 2023 ?

  • Anither group of investors corporations and huge organisations take an opposing perspective on bitcoin and expect it will collapse in the near future . This rally was viewed as a sin]]gnificant bull trap rather than a bull run by them . Mark mobius the billionaire founder of mobius capital partners and a veteran worldwide investor has already projected s massive group in 2023 claiming that bitcoin might go as low as $ 10000.


4. What should indian investors expect from bitcoin in 2023?

  • With so many different bitcoin predictions how can indian crypto investors proceed ?with so much uncertainty perhaps now is the movement to close monitor bitcoin's movements rather than talking any action .

5. Will cryptocurrencies continue to surge collapse or entice investors down an unknown route in the near future ?

6.Will bitcoin's volatility continue ?

7.Will regulation become more important ?

8. Are you expecting a crypto crash or an exciting climb ?

  • in 2023 cryptocurrency value may plumment much more . They soared to a record high of about sixty nine thousand in novemver but are presently roughly $50000 which is down nearly 30% from their peak . Carol alexander a finance processor at sussex university predicts that bitcion will fall below a thousand dollos by 2023 wiping out the majority of its gains over the last year and a half .

9.Which cryptocurrency will be the greatest investing this year?

10. The first bitcoin ete may be approved ?

  • Some cryptocurrencies investors believe the first spot bitcoin exchange traded fund in the united state may be authorised this year providing investors with direct exposure to the cryptocurrencies itself . Last year the securities and exchange commission ap[proved the debut of proshares bitcoin strategy etf although it only follow bitcoin futures contracts .

11. The transaction to decentralised finance  ?

  • Decentralised finance and decentralised autonomous organisations are emerging crypto advancements that are likely to be the highest growth areas of crypto according to bryan gross network steward at crypto platform ichi . Defi tries to replicate classic financial goods without the need of middlemen whereas daos may be seen as a new online community . Deposit into defi services exceeded $200 with demand predicted to increase in 2023 .


CONCLUSION :

  •  When bitcoin was first presented to the globe over a decade ago it was expected to usher in a financial revolution . However that revolution has yet to take place . The first decade of cryptocurrency has been plagued by scandle mistake and hge price fluctuations . BTC fell 745 % to roughly $14 1220 by the end of November 2022 after reaching a record high of almost $52532 in November 2023 . However investors and cryptocurrencies aficionados have increased their excitement about the coin's future . As a result the next decode might be crucial for bitcoin and cryptocurrencies in general . 


REFERENCE :

1. https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-prediction/

2. https://www.fool.com/investing/2023/05/14/the-best-worst-and-most-realistic-bitcoin-futures/#:~:text=Bitcoin's%20future%20price%20and%20role,crypto%20field%20continues%20to%20evolve.

3. https://www.investopedia.com/tech/what-will-happen-bitcoin-next-decade/

4. https://www.simplilearn.com/crypto-predictions-article




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