The long-term future of the most important cryptocurrency is analyzed and it is explained how important BTC can become in the future.
The price of Bitcoin is probably near a low point in this current cycle. However, this is only a temporary condition. As early as 2023, the price of BTC could rise massively again. It would be interesting, though, to go and see further in the future. In 2030, Bitcoin could be a superpower like the United States or China. How is that possible?
The Bitcoin price may rise in the coming weeks and months. However, there could be a drop below $15,000. Still, the price movement in 2023 should be more bullish. Bitcoin should be undervalued right now.
Where Will Bitcoin Be in 2030?
In 2030, Bitcoin could be a serious competitor in the global foreign exchange market for the current leading currency, the US dollar. More precisely, it could be one of the three most important currencies in the world, the US dollar, the new currency of the BRICS countries (Brazil, Russia, India, China, South Africa) that is planned, and Bitcoin.
Those who control money also have enormous power over the world’s economic and political processes. Bitcoin has all the important properties of ideal money. If it adapts more and more in the coming years, it could become an economic superpower in its own right.
Unlike today’s superpowers, however, the Bitcoin network is determined in a decentralized way by people, and not by central institutions. This makes this new superpower much more sustainable and fair than the current powers that rule the world. By 2030, the network could already be of such size and adaptation that it is perceived as an economic powerhouse.
Can BTC Soon Replace the US Dollar as a Reserve Currency?
By 2030, Bitcoin could become a serious competitor to the US dollar. It could also hurt the dollar even more than it already is. However, it is also possible that, for the time being, the dollar will become more and more bitcoin oriented, and soon even develop the bitcoin standard, covering the dollar with bitcoin.
For a long time, there were great doubts as to whether the network could really hold its own and not be attacked from the outside or from within in the course of the process; but after 14 years and several bull and bear markets, it is becoming increasingly clear that Bitcoin will never disappear from the scene.
It should be worth investing in BTC, as the prices, which are probably too low at the moment, are a perfect start.
By Audy Castaneda
