Exactly 10 years ago, on October 31, 2008, someone named Satoshi Nakamoto published his article called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This article was later called the first Bitcoin Whitepaper, because it reveals the features of an innovative solution in the field of electronic payment assets.
This date is considered the birthday of Bitcoin. Many startups subsequently tried to start their work on this significant day. For example, on October 30, 2018 Binance exchange celebrated the anniversary of its existence. We are sure that its launch is not accidentally so close to the “Bitcoin Day”. Over the 10 years of its existence, Bitcoin has become a popular means of payment and store of money. But this is only the beginning of a long journey.
What will happen to Bitcoin in the next 10 years? The price of the first cryptocurrency is not the thing that interests us most; its status, popularity and scalability are the subject of our observing.
It is very high likelihood that by 2028 the major cryptocurrency will be fully equalized in status with conventional market instruments. Exchange speculation on his course will be scanty, compared with those that we have seen in recent years. This is due to the fact that the cryptocurrency will become a habitual means of calculation.
Already, huge amount of people know about the coin more than you can even imagine. The fall in the number of Bitcoin searches does not mean that the number of people involved in this market has fallen in the same proportion. Obviously, you are no longer googling what bitcoin is and who Satoshi is. You are interested in deeper and more fundamental questions.
We believe that Bitcoin will not reach $1,000,000 either in 2023 or in 2028. Popularization of the cryptocurrency, oddly enough, will not allow it to grow endlessly. BTC will grow. And this process will not stop. But the use of a crypto by big capital, as well as its widespread introduction into the life of every person, will make the market more transparent and fair. In our opinion, in 10 years there will be a shift in the priorities of Bitcoin users. The purchase of BTC will be justified, first of all, by the convenience of monetary transactions, and not the possibility of speculative earnings.
If you think that buying Bitcoin is too late, then you are mistaken (most likely). Today we are standing on the threshold of deep reforms in the world of cryptocurrencies that will determine the future of the world in the coming decades. The institutionalization of the market today is equivalent in importance to the appearance of a crypto 10 years ago. It was a good idea to buy BTC 10 years ago – that is what people say currently and what they will say in 2028.