While many believed that Bitcoin will plunge once it topped the 2017 record in value, the cryptocurrency proved everybody wrong. Mistakes were learned after Bitcoin managed to drop in value once it reached $19,000 in 2017, and that is the reason why it keeps rising in value almost 4 months after the historic achievement.
Due to the fact that Bitcoin is well-accepted by people from all around the world, many experts believe that this cryptocurrency has massive potential and can change the future of payments. That is exactly the topic that we wanted to discuss in this article. We are going to take a look at Bitcoin’s current state and what the future holds for it. Let’s begin.
As of March 2021, the value of Bitcoin exceeds $50,000, which is breathtaking. Even though this cryptocurrency is still not considered legal, many companies and global brands around the world accept it as a payment method. Some of the names that deserve a mention are Starbucks, Microsoft, Expedia, and maybe even Tesla.
Tesla made a $1.5 billion investment in Bitcoin back in February and helped the cryptocurrency raise its value and reach $50,000. They have also announced that they are planning on integrating it as an accepted payment method.
Apart from that, Bitcoin is also used to make money. It is sold at trading sites and due to its value, traders can make a substantial profit. Reputable trading sites such as Bitcoin Trader even offer an additional service. They use an advanced AI system that analyzes the market and predicts the future price of Bitcoin with great precision.
This is a very powerful tool that traders can use as it provides them with the chance to maximize their profits. The daily profitability rate at Bitcoin Trader is high, which is why this platform has thousands of registered users from all around the world. Feel free to visit this software and check out all of these features if you are a trader looking for a solid platform to sell Bitcoins.
The future potential is what makes Bitcoin so valuable and ahead of other cryptocurrencies. Not only does Bitcoin hold tons of advantages over regular payment methods, but it is also superior to other cryptocurrencies. Its network is far more stable, the infrastructure is ever-growing, and Bitcoin is far more valuable.
Due to the massive popularity, many experts believe that a point where a majority of the world’s population use Bitcoin as a payment method will be reached, thus governments will be forced to make this cryptocurrency official. After that happens, Bitcoin will become the global universal payment method as it will not require people to switch between currencies. Not only that, but online payments are also considered to be the future of transactions and Bitcoin is a fully optimized digital currency that provides people with instant transactions.
Just to compare it – regular payment methods take up to a few business days before they are completed because they have a certain processing time. Bitcoin is far more efficient in that area.
Many Experts Are Still Sceptic
One the other hand, some experts believe that Bitcoin will forever be an outlaw currency. As you know, Bitcoin is a self-sustainable currency and it cannot be controlled by banks or/and governments. That is exactly the reason why authorities will always oppose it. They are never fond of something that cannot be controlled, which is why they will put extra effort into making sure that Bitcoin will never become an official payment method.
But, you can never underestimate the power of the people, and as of right now, Bitcoin is supported by millions.