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Bitcoin to be 6th largest reserve currency by 2030: Research

The history of Bitcoin trading is a bubble, a correction, consolidation and another increase, he said. Bitcoin, on the other hand, allows people to send money cross-border at a far

lower cost, or basically for no fee, fo CEO Nicolas Cary recently told. Here are a few of his predictions:. While Van-Petersen is offering one way to value bitcoin in the future, others say that there are other factors to take into consideration. Bitcoin industry insiders have issued an optimistic prediction for the. Its no secret that Western Union isnt in a hurry to get behind Bitcoin. Cameron (L) and Tyler (R) Winklevoss. Related: Is Crypto-Equity the Next Big Thing in Raising Money for Your Business? Bitcoin will fuel new, innovative micropayment-based online business models. Incumbents like these tend to not innovate. However, many observers believe the real value of the cryptocurrency lies in the. Being able to pay for goods and services online in the digital currency will be a given every time you buy anything online. Jeremy Liew, the first investor in Snapchat, as well as Peter Smith, the CEO and founder of Blockchain, claim 500000 by 2030 is a reasonable. A few factors will boost bitcoin adoption including better wallets, easier methods to buy the digital currency, use of it for money transfers in areas like remittances, as well as citizens of countries with volatile economies and currencies buying. The bitcoin industry has had its fair share of problems and reputational damage. Liew and Smith stated: We believe Bitcoin awareness, high liquidity, ease of transport and continued market outperformance as geopolitical risks mount, will make Bitcoin a strong contender for investment at a consumer and investor level.

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