• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: This Bankrupt Crypto Firm Returns 27,000 Mining Rigs To Pay Off Loan
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: This Bankrupt Crypto Firm Returns 27,000 Mining Rigs To Pay Off Loan
bitcoin btc price future possibilities
Advertisement

4 Possible Long-Term Bitcoin Scenarios

Matthew Hrones by Matthew Hrones
3 years ago
in Bitcoin, News, News teaser
0
Advertisement

Bitcoin has been working constantly for the past ten years and there are no signs that it’s going to stop anytime soon. But how will it perform in the long term, say ten or twenty years from now? Here are a few possibilities of what the leading cryptocurrency could look like in its distant future.


Large Volume or No Volume

People have speculated where Bitcoin will be in ten, twenty, or even a hundred years from now since it’s inception. Their predictions vary from it becoming the next intergalactic unit of account, or that it will crash to zero any day now.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Satoshi Nakamoto commented on where he saw Bitcoin going in the long term before disappearing,

In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume.

Now we are nearly ten years into the great crypto-currency experiment, nine years after satoshi wrote that quote. We’ll have to wait and see will Bitcoin and the whole cryptocurrency market

1. Bitcoin Becomes the World Reserve Currency

As cryptocurrencies continue to grow and attract users, there will be a point where governments begin to convert portions of their wealth into Bitcoin and other cryptocurrencies. Bitcoin transactions are not subject to borders or state regulations, they just follow the Bitcoin protocol.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Governments could start conducting business with other nations in bitcoins. Nations that are subject to unfair sanctions could use cryptocurrencies to continue to exist.

Hyper-inflation has negatively affected many countries throughout history. Even today countries like Venezuela and Zimbabwe have national currencies that have experienced over a thousand times inflation over the past decade. By using Bitcoin, they could tie their economies to the global economy, securing their currencies against inflation.

2. Becomes a standard commodity, price stabilizes

Bitcoin is being looked at as a commodity more and more these days, as the financial side of crypto-currencies become the focus of the industry. As the cryptocurrency markets mature, more retail and institutional investors will be attracted to the potential profits.

In this scenario, Bitcoin and other digital currencies become a standard part of the average financial portfolio. Many investors diversify into stocks, mutual funds, real estate, and other asset classes. Cryptocurrencies could very well become something akin to precious metals, where Bitcoin Maxis would become the gold-bugs of digital currencies.

3. Replaced as the top digital asset

There are several other cryptocurrencies challenging the leading cryptoasset’s position at the front of the pack, such as Ethereum, Bitcoin Cash, and Ripple. Bitcoin needs to innovate in order to survive, and the past year has seen little technological progress

Bitcoin BTC

The Lightning Network, the supposed savior for Bitcoin’s scaling woes, has seen minimal adoption since it’s launched. Most of the key metrics indicating the health of the network have been decreasing for nearly half a year, with no real path forward towards adoption

4. Bitcoin crashes to zero

The also possible scenario is Bitcoin crashes to zero. Most traditional analysts have claimed that cryptocurrencies will fail any day now and that the market is built entirely on speculation. In fact, Bitcoin has been “pronounced dead” 377 times.

However, the systems that make up the asset’s infrastructure continue to hold solid, and the network is showing no signs of stopping at all. Miners will still continue to mine, users will still continue to send transactions. So Bitcoin crashing to zero seems to be the most unlikely of all these possibilities. Crypto-currencies have had a very eventful first decade, and it is safe to assume the next ten years will be just as good.

Where do you see Bitcoin going in the long term? How could the current crypto landscape affect the market? Let us know your thoughts in the comments below!


Images via Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Matthew Hrones

Matthew Hrones

I'm a computer science student with heavy interest in cryptocurrencies and decentralized systems. I've been writing since the June 2017, and hope to become more involved in the community as time goes on

Related Posts

New record: 49% of Bitcoin Supply Has Not Changed Hands in 2 Years

New Record: Half Of Bitcoin Supply Hasn’t Changed Hands In 2 Years

18 hours ago
Bitcoin Derivatives Markets Volumes Show Bullish Trend After 2022 Downturn

Bitcoin Derivatives Market Volumes Show Bullish Trend After 2022 Downturn

2 days ago
Bitcoin

Sri Lanka Central Bank Says Bitcoin Cannot Solve Economic Crisis

2 days ago
tulip mania bitcoin

Celebrating The Tulip Mania Anniversary With Bitcoin & Crypto

3 days ago
Bitcoin Long-Term Holders Now Hold 78% Of Supply, Highest Level Ever

Bitcoin Long-Term Holders Now Hold 78% Of Supply, Highest Level Ever

3 days ago
Bitcoin

Why Bitcoin Is Among ‘Hottest Subjects’ On Earth, According To ‘Rich Dad’ R. Kiyosaki

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Who Will Dethrone Ethereum, Solana or Fantom? Big Eyes Coin...

    13 hours ago
  • Twitter Users Roast Mark Wahlberg’s Documentary On FTX...

    14 hours ago
  • Crypto Is Here to Stay. Here’s Why You Should Invest...

    22 hours ago
  • Dogecoin (DOGE) and Shiba Inu (SHIB) Bounce While Snowfall...

    22 hours ago
  • Avalanche (AVAX), Gala (GALA), and Orbeon Protocol (ORBN)...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.