If you’ve heard anything about Bitcoin, it’s likely been about its price skyrocketing or plummeting. But, for those who are looking to invest long term, there’s a different question that should be asked—what will one Bitcoin be worth in 10 years?
Where Bitcoin Is Going
For Bitcoin, no prediction is guaranteed, but an interesting vision shared by MicroStrategy CEO, Michael J. Saylor, is that once Bitcoin passes the market cap of gold, around $11T currently, nothing will stop it.
Saylor sees Bitcoin capable of reaching a market cap of $300T in the long run. Of course, he doesn’t give a date, because nobody can do that. He talks about a future goal.
With a market cap of $300T, the price of a Bitcoin would be around $14 million.
Why You Should Be Excited About Bitcoin’s Next 10 Years
When it comes to Bitcoin, the original cryptocurrency, here are a few reasons why its reach may increase over the next 10 years.
There’s A Finite Number Of Bitcoin To Be Had
There are only a limited number of Bitcoin in the world—twenty-one million, to be exact—so supply and demand will lead to scarcity and higher value over time. Think of it as spending four dollars per gallon at the gas pump today due to inflation versus $0.36 in 1970.
Bitcoin also goes through a halving process every four years, meaning the amount of Bitcoin rewarded through mining the currency (through a proof of work consensus) will be cut in half. This effectively cuts Bitcoin's inflation rate in half every four years in a controlled manner that is easily tracked by anyone around the world. Compare that to the mysteries of Central Bank target interest rates and it becomes clear why Bitcoin is referred to as an inflationary hedge – it is deflationary by design.
If It’s Digital, It’s Durable
Bitcoin transactions happen digitally on the blockchain, making the currency much more durable than your typical dollar or coin. It may sound pedantic, but this is a huge step toward the digital peer-to-peer ease of transactions.
Blockchain technology is exceedingly safe and efficient, with developers building new tools to improve it every day. In fact, it’s very easy to keep track and secure your digital assets with Voyager, one of the first public crypto companies, which makes it easy to understand the crypto market and invest in Bitcoin or other cryptocurrencies. Get started with the Voyager app now.
Bitcoin Is Open
That’s right, everyone can own Bitcoin. It’s not gatekept for wealthy investors, it’s not tucked away in corporate finance offices or only offered to those who got in early. One of the magic things about Bitcoin is that you can buy it in pieces, or satoshis. This opens the investing opportunity up to anyone who wants to invest. You don’t have to buy a $32,000 Bitcoin—you can buy a fraction of it and still be able to profit off your investment.
How To Get Into Bitcoin Now
Bitcoin is a currency for the people, by the people, that is giving investors options that the traditional stock market has reserved for the extremely wealthy few. All of these factors create ample opportunity for growth over time, and market fluctuations are a sign of this upside. The crypto market offers investors opportunities that the stock market cannot, giving them a chance to revisualize what a fruitful financial future really looks like.
If you’re looking to get in on the Bitcoin action, we’ve got you covered. Get $50 in Bitcoin when you sign up using code ZING on Voyager, deposit at least $100, and make your first trade. Voyager’s Bitcoin yield rates are locked in for the rest of 2021, at 5.75% yield APY compounded when you maintain a minimum monthly average of BTC in the app.
Now’s the time to join the financial revolution.
See also: How to Buy Bitcoin (BTC)
Voyager Digital, LLC is a subsidiary of Voyager Digital Ltd. (OTCr: VYGVF), one of the fastest-growing, publicly-traded cryptocurrency marketplaces in the United States. With over 60 cryptocurrencies, featuring a wide selection of altcoins, Voyager offers a secure way to trade, without commissions, using its easy-to-use mobile application. The company uniquely offers up to 12% APR on more than 30 different digital assets. Voyager was founded in 2018, to bring a more transparent and cost-efficient solution to trading in cryptocurrency. To learn more about the company, please visit https://www.investvoyager.com. Use code ZING during app sign-up and get $50 in BTC after depositing $100 and making your first trade.
Investment Advice Disclosure: This content is not investment advice and should not be relied on for such advice or as a substitute for consultation with professional accounting, tax, legal or financial advisors. The observations of industry trends should not be read as recommendations for digital assets, sectors, or future price movement predictions.
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.