A couple of years ago, very few people would have bet that any cryptocurrency could be priced at more than $ 10,000 per unit; now, if that figure had risen to 60,000 or even 100,000, surely many would have taken it as a joke.
The truth is that what not until long ago seemed unthinkable is happening: bitcoin has had such impressive growth in the last year that people already find it strange when its value paralyzes and does not grow by a couple of days. However, it must be said; it is not normal for an asset to develop, grow and continue to grow without stopping; however, all forecasts point that the main cryptocurrency will continue in an upward race for a long time.
Now, many will ask, why? The reason consists of several edges because, in recent years, there have been a series of economic, political, sociological, and also technological conditions that have allowed the penetration of cryptocurrencies to be effective. One of the main reasons for this is the continued and exacerbated public spending of countries with important currencies for international trade, which has led to devaluations, inflation, and loss of purchasing power of traditional currencies; All this has generated great mistrust in the current fiduciary system due to the last world economic crisis, which has opened the doors to a new decentralized system free of manipulation by organizations or individuals.
That governments manipulate national currencies to take advantage and expand their social policy programs is not something new. However, the coronavirus pandemic has aggravated this evil of State intervention in the economy, and all this monetary impression, debt issued, a tax increase will surely have negative effects on the world’s economies in the near future and will affect everyone but mainly those who have the least.
Bitcoin, being a decentralized asset that cannot be manipulated by anyone, not even by a government, offers greater guarantees of maintaining its value or even increasing it because in the face of the devaluation of fiat money, people begin to look for alternative ways to safeguard their money, and cryptocurrencies have become the preferred option.
One of the most significant advantages of bitcoin is that it has been established that only 21 million units will be formed, which will make its pieces more and more in demand, also scarcer, and its value will undoubtedly continue to grow.
Some experts estimate that bitcoin, the world’s main cryptocurrency, may cost a million dollars per unit in the next decade; some others are more cautious and speak of 500,000.
For sure, it is impossible to predict what the ceiling of bitcoin will be in the next few years, as there are even some more optimistic who think that the million dollars will fall short by the year 2030; Whatever it’s a ceiling, the truth is that it is still quite far away, the cryptocurrency has years of growth left, because the more economic policies that devalue fiat currencies continue to be applied, the more people will leap the decentralized economy of the future.
What do you think about this topic? Do you think Bitcoin has a ceiling?
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