Why is bitcoin destined for a bright future?
Bitcoin is inherently deinflationary – it is limited to 21 million coins. In a hundred years, this cryptocurrency will no longer appear in the world, and its holders will become collectors
Bitcoin is unpredictable – staggering flights upwards are replaced by frightening falls, and after consolidation at the bottom, new trips to the moon begin. However, the global trend is obvious – every cycle this very “moon” goes higher and higher, new and new historical records are renewed – $1000, $20,000, $60,000 – more and more: it is just a matter of time with logical bearish corrections on the way.
People in recent years have begun to understand that bitcoin is inherently deflationary (unlike the endlessly printed dollar or any other fiat currency) – its issue is limited to 21 million coins, in a hundred years this cryptocurrency will no longer appear in the world, and its holders will become akin to collectors.
Limited is always valuable! If gold was lying under your feet instead of stones, it would be worth nothing. But even in case of precious metal nobody knows when it will be out of production and how much more of it there is in the nature.
With bitcoin everything is clear and accurately regulated by the original Satoshi Nakamoto protocol – that’s why there is no doubt in the bright future of the cryptocurrency, and the current absolute ATH $64,000 is just one of the price points on the way of global development and uptrend.
P.S. The CryptoBreak’s editor’s position may not be the only correct one and may not coincide with other people’s opinions.
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