BitCoin 20 Years From Now

[whizter]

the way it is gaining popularity and the way internet is reaching every where in the world it think the future is of it and to next 20 year from now it will become the global currency and in the access of almost every one who will be using internet.......

yes we can hope so but in fact 20 year is a long long time. i think it so early to evaluate the price of bitcoin so early. but if we evaluate the current progress of bitcoin we can hope that after 20 years bitcoin will be more and more popular currency of the world. more and more shops will be accepting bitcoin and hope that bitcoin will be one of the most popular currency of the world.

[FasTroy]

the way it is gaining popularity and the way internet is reaching every where in the world it think the future is of it and to next 20 year from now it will become the global currency and in the access of almost every one who will be using internet.......

yes we can hope so but in fact 20 year is a long long time. i think it so early to evaluate the price of bitcoin so early. but if we evaluate the current progress of bitcoin we can hope that after 20 years bitcoin will be more and more popular currency of the world. more and more shops will be accepting bitcoin and hope that bitcoin will be one of the most popular currency of the world.

Yes, I agree with you, 20 years it's too long. Maybe bitcoin will dead and maybe not.
Maybe there is a new coin doing the same thing as bitcoin or maybe well. No one know what's will happen in 20 years.
As you say, I think the bitcoin price will be more than now because there is many people trust bitcoin arround the world, it's a big community. It's mean more shops will accept bitcoin as payment even in market places.

[e-coinomist]

the only reason i think bitcoin wouldnt be around or not used is because people want money that is more reliable.having bitcoins in your wallet is still technically a sort of investment because the price keeps changing,kinda like stocks. alot of people arent going to be willing to take the risk or even waste the time.

They allready own that "reliable money" it's called "cash". Try to change your perspective, there are several use cases in payments and there are several currencies fluctuating. Bitcoin serves a niche market where classical cash cannot prevail. One currency cannot replace another by some sort of superiority. Never happened in history, only by governmental order. If there is just some use case surviving in a niche, parallel existance amongst other methods seems the most likely outcome.

[boybugs18]

If bitcoin will exist 20 years from now then much better and hopefully each country would have many services/establishments that accepting bitcoin as a payment and supposedly Bitcoin will be secured and first of all it will remain decentralized so that the essence of making Bitcoin still be in the future. Obviously people will not use bitcoin if it becomes decentralized as people who care about their privacy will avoid it.

[ifightformerkel]

I really think, that bitcoin will be in 2037 a leading currency.
One bitcoin will cost 500.000 Dollar.

You can buy it and pay with it everywhere.
There will be some more currencys but bitcoin will be one leading currency that the whole world knew and accepted.

[Raimonn]

the only reason i think bitcoin wouldnt be around or not used is because people want money that is more reliable.having bitcoins in your wallet is still technically a sort of investment because the price keeps changing,kinda like stocks. alot of people arent going to be willing to take the risk or even waste the time.

Money (fiat) changes also every day its value, dollar/euro/yen/rmb have different price between them or against bitcoin or gold every day. Some people uses dollar as an investment too, like they can invest on bitcoin or gold. Bitcoin has risk but investing on dollar isn't out of any risk.

[LegendaryMiner]

the way it is gaining popularity and the way internet is reaching every where in the world it think the future is of it and to next 20 year from now it will become the global currency and in the access of almost every one who will be using internet.......

yes we can hope so but in fact 20 year is a long long time. i think it so early to evaluate the price of bitcoin so early. but if we evaluate the current progress of bitcoin we can hope that after 20 years bitcoin will be more and more popular currency of the world. more and more shops will be accepting bitcoin and hope that bitcoin will be one of the most popular currency of the world.

Indeed, it is difficult to predict what impact Bitcoin can bring in a long period of time, especially over a two-decade span. I think this is enough time for several countries to realize that Bitcoin can allow nations to grow faster, since people would be free of inflation. In addition, Bitcoin could connect people around the world, since no country could take control over the currency, and thus could not renstrict the use according to geographical or political limitations.

[e-coinomist]

I really think, that bitcoin will be in 2037 a leading currency.
One bitcoin will cost 500.000 Dollar.

You can buy it and pay with it everywhere.
There will be some more currencys but bitcoin will be one leading currency that the whole world knew and accepted.

That would equal some Marketcap of 10 500 000 000 000 USD which is "tons of money" and take a look at the downside on the other end: The value of a single Satoshi. To my knowledge they are implemented as integer data type so no more then 8 digits.

Strange fact: Kraken internally knows about 10 digits

You would want to preserve some smallest denomination valueing cents. Think "grocery shops".

[onrise]

One simple thing that is will it exists and if yes what will be your country rules and policies.

[iram3130]

One simple thing that is will it exists and if yes what will be your country rules and policies.

If one or the other country puts rules and policies for Bitcoin transactions then that will be a negative step for the future of it. I guess it will not survive for 20 years as the miners right now are barely making any profit and No miners = No transactions. 

[rajasumi3]

There is a possubility that there will be less amount off bitcoin users and there may be another type if currency which will totally take away the market .otherwise it might happen that bitcoins is totally taking over the currency.

[Xester]

There is a possubility that there will be less amount off bitcoin users and there may be another type if currency which will totally take away the market .otherwise it might happen that bitcoins is totally taking over the currency.

It will not happen, there will be no single digital currency or alternative coin in cryptocurrency world that will replace bitcoin. Though the rise of fiat digital currency is a big threat but bitcoin will surely survive and will continue to grow. As some experts in cryptocurrency would say that bitcoin will reach ten thousand dollars or it may even reach 1 million dollars each.

[fasdorcas]

the only reason i think  wouldnt be around or not used is because people want money that is more reliable.having s in your wallet is still technically a sort of investment because the price keeps changing,kinda like stocks. alot of people arent going to be willing to take the risk or even waste the time.

i dont think people are afraid of taking risk or there is any difficulty in using a account online i just thimk people are not aware of it and are not use to it........ i think in future people understand it better and they use it like any other social media app......

[Botnake]

There is a possubility that there will be less amount off bitcoin users and there may be another type if currency which will totally take away the market .otherwise it might happen that bitcoins is totally taking over the currency.

It will not happen, there will be no single digital currency or alternative coin in cryptocurrency world that will replace bitcoin. Though the rise of fiat digital currency is a big threat but bitcoin will surely survive and will continue to grow. As some experts in cryptocurrency would say that bitcoin will reach ten thousand dollars or it may even reach 1 million dollars each.

We can't be sure about that, bitcoin was not popular if not because of use, once people loses their trust with bitcoins, any altcoins might surge high and will replace bitcoin. Don't erase that possibilities, anything could happen but there is only one thing that is sure, crypto currencies cannot replace fiat digital currencies.

[MFahad]

I really think, that bitcoin will be in 2037 a leading currency.
One bitcoin will cost 500.000 Dollar.

You can buy it and pay with it everywhere.
There will be some more currencys but bitcoin will be one leading currency that the whole world knew and accepted.

I agree with that bitcoins will be only currency after 20 years for now. but i do not consider bitcoin to be worth that much worth of dollars. I think by that time dollar will be vanished and it does not matter how much bitcoin is worth the dollar or vice versa. World will be changed by that time a lot.

[Gromozeka!]

There is a possubility that there will be less amount off bitcoin users and there may be another type if currency which will totally take away the market .otherwise it might happen that bitcoins is totally taking over the currency.

It will not happen, there will be no single digital currency or alternative coin in cryptocurrency world that will replace bitcoin. Though the rise of fiat digital currency is a big threat but bitcoin will surely survive and will continue to grow. As some experts in cryptocurrency would say that bitcoin will reach ten thousand dollars or it may even reach 1 million dollars each.

We can't be sure about that, bitcoin was not popular if not because of use, once people loses their trust with bitcoins, any altcoins might surge high and will replace bitcoin. Don't erase that possibilities, anything could happen but there is only one thing that is sure, crypto currencies cannot replace fiat digital currencies.

Another coin will be very difficult to replace bitcoin due to its capitalization, at the moment there is no even close contenders, and if there will be another coin that it will need to take a long way to get to the level of bitcoin.

[BTCLovingDude]

There is a possubility that there will be less amount off bitcoin users and there may be another type if currency which will totally take away the market .otherwise it might happen that bitcoins is totally taking over the currency.

It will not happen, there will be no single digital currency or alternative coin in cryptocurrency world that will replace bitcoin. Though the rise of fiat digital currency is a big threat but bitcoin will surely survive and will continue to grow. As some experts in cryptocurrency would say that bitcoin will reach ten thousand dollars or it may even reach 1 million dollars each.

We can't be sure about that, bitcoin was not popular if not because of use, once people loses their trust with bitcoins, any altcoins might surge high and will replace bitcoin. Don't erase that possibilities, anything could happen but there is only one thing that is sure, crypto currencies cannot replace fiat digital currencies.

Another coin will be very difficult to replace bitcoin due to its capitalization, at the moment there is no even close contenders, and if there will be another coin that it will need to take a long way to get to the level of bitcoin.

I think if Bitcoin failed to evolve some altcoin will take its place.  It maybe hard to comprehend at this point but Bitcoin's current situation is somehow confusing because of different group of developers who wanted to push Bitcoin development in their own way.  If Bitcoin does not resolve this problem, this will bring Bitcoin to its demise.

no that is not going to happen because at some point we will be forced to adapt to the new needs and change (evolve) to match the new needs. for example the bigger blocks. and if things continue like this bitcoin will split and the chain that doesn't scale will die.

with all that said, this is long way down the line maybe even 1-2 years or more. right now blocks may be full but there are lots of spam attacks that makes them full and make the mempool grow too big.

if you see the mempool size it is 99% of the time normal size.

[webtricks]

We are now experiencing the efficient, fast and amazing convergence of technologies which one way or the other greatly contributing to the rise of the cryptocurrencies and making Bitcoin as the King of the Hill so far.

Looking into the future...what do you think will be the scenario involving Bitcoin twenty years from now? Will Bitcoin be worth more than a million or will it ceased to exist? Or will a new crytocurrency replace the supremacy of Bitcoin...?

20 Years mean a creation of new generation. So time to add one more generation to this aspect. Say X+1G. So far we have seen 2G, 3G, 4G in the tech domain.
Now coming to era of X+1G maybe it is possible that something better than Blockchain Technology innovate and submerge Bitcoin in it. History is evident; Cheques, ATMs, Plastic Cards, Payment Processors, all were biggest player of their time but they have to give up when something better innovated.

Evolution is the rule of life.

[bitbob82]

the only reason i think bitcoin wouldnt be around or not used is because people want money that is more reliable.having bitcoins in your wallet is still technically a sort of investment because the price keeps changing,kinda like stocks. alot of people arent going to be willing to take the risk or even waste the time.

first i would like to tell that we are not sure about tomorrow so how we can think that what would be there after 20 year but can expect that after 20 years bitcoin must be more popular and reliable because maximum people will adopt bitcoin and will use bitcoin for service.

[Zadicar]

the only reason i think bitcoin wouldnt be around or not used is because people want money that is more reliable.having bitcoins in your wallet is still technically a sort of investment because the price keeps changing,kinda like stocks. alot of people arent going to be willing to take the risk or even waste the time.

first i would like to tell that we are not sure about tomorrow so how we can think that what would be there after 20 year but can expect that after 20 years bitcoin must be more popular and reliable because maximum people will adopt bitcoin and will use bitcoin for service.

No one really knows the future and you are right we wont know if bitcoin is still there after 20 years as of now but we have a strong view or feeling that bitcoin would be commonly used since that future years would really be hi-tech and payments are mostly digitalized.If bitcoin would die on those years then there might be a e-currency made by the government.