Bitcoin 3 predictions from experts provide a glimpse of what may be to come for the virtual currency. This borderless transactional currency was created as a store of value and a safe haven asset during times of economic crisis. Its creator, Satoshi Nakamoto, developed it after the 2008 financial crisis, with the goal of giving the power back to the users and keeping their wealth out of the hands of governments and banks. Bitcoin has the power to revolutionize the world, so what’s to stop us from getting involved in this revolution?
While there is still a long way to go before the Bitcoin price reaches $90,000, many industry experts are predicting that this value may reach that mark by the end of 2022. Ric Edelman, the founder of the Digital Assets Council of Financial Professionals, predicts that by 2022, 500 million people around the world will own Bitcoin. Fellow crypto expert and BlockFi founder Flori Marquez agrees with this prediction. She says that the current regulatory clarity and understanding of the industry will help drive this adoption.
Some of the most famous Bitcoin investors and enthusiasts have made their predictions. The Winklevoss twins, a pair of billionaires, predicted that Bitcoin will reach $500,000 by 2030, putting it on par with gold’s $9 trillion market cap. Other prominent Bitcoin personalities include Mark Yusko, a billionaire investor and the founder of Morgan Creek Digital, an asset management firm that has invested $150 million in the cryptocurrency. In addition, he says that Bitcoin is the gold equivalent of a virtual currency.