BitCoin 20 Years From Now

[SikatBray]

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...?

Bitcoin has been established as a commodity in its first phase.Now,in its final phase,it has to be established as a currency.It has been estimated that bitcoin could become the sixth largest reserve currency by 2030.Within 20 years,bitcoin would be accepted as a payment method in many countries since japan is to announce it as payment method by april 2017.

Yes, maybe in 20 years we see people saying bitcoins for money in place of dollars. It will readily be accepted as means of payment as said by you.
Along with all this, price will shoot to sky since demand will increase dramatically overtime.

[hisuka]

Bitcoin 20 years from now it will evolve as of today. I think merchants will release as requested by many and demand yearly will increase. Because of its advantages to users that anyone can easily adopt with. I believe it will exists and still good development will happen.

[FasTroy]

20 years ago, did you think Bitcoin would be here today?

Have you thought about what Bitcoin will be 20 years from now? Bitcoin have.

Wow, It seems amazing after 20 years. No one can predict what it will be after 20 years. So with this long period, There is 5 Halving, Bitcoin mining will be more and more difficult. Maybe people stop mining. And mining will be limited for only few great societies. Maybe bitcoin price will achieve the 10k$. I mean who have some bitcoin nowadays and they hold it. after 20 years they will be billionaires. In other side, Bitcoin can die, and other cryptocurrency can get the place of bitcoin.

[hankyulpark]

I think about BTC as a commodity, like gold. It will hold value, but won't fit in our daily needs. So, 20 years from now, it may worth much more that today, but some other altcoins will be doing the "hard work" (payments, financial stuff, software processing, etc). I believe that will be a better world, where the technology helped to break great walls.

[Captimiz]

I predict value will be 1 BTC -> $20000

[Astvile]

20 years ago, did you think Bitcoin would be here today?

Have you thought about what Bitcoin will be 20 years from now? Bitcoin have.

There are alot of possibilites and things may happen in 20 years.Bitcoin maybe dead by that time,maybe bitcoin will still be alive but not at high price anymore.Anything may happen

[Rostadom]

20 years ago, did you think Bitcoin would be here today?

The Internet came "kind of popular" to major countries around 1990. 20 years ago which was at ~1997, there's still not much people using the Internet because of poverty and third world country stuffs. There's also the rural areas and remote areas whereas you can't get any reception at all. So 20 years ago, there's not much people who would have thought that they are going to sit in front of the computer for almost a whole day everyday in their lives.

So my answer for your question is No. I didn't think that bitcoin will exist because we didn't even have cellphone at that time.

[blackhawkeye1912]

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...?

I think we have one new world currency  after 20 years. if that happen all countries for sure are facing prosperity  into their lives. And all business sectors are bitcoin accepted.

[oktana]

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...?

I think we have one new world currency  after 20 years. if that happen all countries for sure are facing prosperity  into their lives. And all business sectors are bitcoin accepted.

I have different view, world will fight to defend their currencies especially USD, even if 20 years from now we really get into virtual robotics era, Fiat will turn into digital money as well. Bitcoin will still be in position as substitute for virtual gold stocks because mining expiration blocksize. Supposedly our concern for future : who is superior between bitcoin or bitcoin unlimited.

[hamiltonik]

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...?

I think we have one new world currency  after 20 years. if that happen all countries for sure are facing prosperity  into their lives. And all business sectors are bitcoin accepted.

I have different view, world will fight to defend their currencies especially USD, even if 20 years from now we really get into virtual robotics era, Fiat will turn into digital money as well. Bitcoin will still be in position as substitute for virtual gold stocks because mining expiration blocksize. Supposedly our concern for future : who is superior between bitcoin or bitcoin unlimited.

I think that bitcoin will remain an alternative currency as it is now. In the future, it may be legalized by several countries, but not all. And the dollar will remain the leader

[Lecam]

What happens in bitcoin 20 years from now I think bitcoin is further known throughout the world and it will rise and many people use it and invest to it. And bitcoin value become more and more valuable.

[serjent05]

What happens in bitcoin 20 years from now I think bitcoin is further known throughout the world and it will rise and many people use it and invest to it. And bitcoin value become more and more valuable.

Well that is to be expected to something that is used within that time range.  Aside from that I think Bitcoin will scale, can be used to micro transaction.  Developers are genius they can make Bitcoin function that way.  And will beat paypal and other 3rd party processor all over the world.

[transabox]

What happens in bitcoin 20 years from now I think bitcoin is further known throughout the world and it will rise and many people use it and invest to it. And bitcoin value become more and more valuable.

Well that is to be expected to something that is used within that time range.  Aside from that I think Bitcoin will scale, can be used to micro transaction.  Developers are genius they can make Bitcoin function that way.  And will beat paypal and other 3rd party processor all over the world.

It would be very good if bitcoin becomes popular all over the world. But I do not think that this will happen. He has already taken his place. And so much to become popular he will not be any more

[danherbias07]

What happens in bitcoin 20 years from now I think bitcoin is further known throughout the world and it will rise and many people use it and invest to it. And bitcoin value become more and more valuable.

Well that is to be expected to something that is used within that time range.  Aside from that I think Bitcoin will scale, can be used to micro transaction.  Developers are genius they can make Bitcoin function that way.  And will beat paypal and other 3rd party processor all over the world.

Yeah but I am still hoping they could somehow do something about the transaction waiting time. Sometimes it takes days for it to come with the minimum fee.
I think as long as the user pays something they should still make it a little bit faster.
This kind of problem will be seen also throughout the world and that is not a good thing right?

[buwaytress]

Bitcoin has been established as a commodity in its first phase.Now,in its final phase,it has to be established as a currency.It has been estimated that bitcoin could become the sixth largest reserve currency by 2030.Within 20 years,bitcoin would be accepted as a payment method in many countries since japan is to announce it as payment method by april 2017.

As tempting as it is to consider Bitcoin as mature and in its "final phase", it would be very presumptuous of a technology that isn't even a decade old, and the majority of users (myself included) aren't even halfway understanding how it works. 6th largest reserve currency is a tout that probably holds true only because of all of us holders.

[Xester]

Bitcoin has been established as a commodity in its first phase.Now,in its final phase,it has to be established as a currency.It has been estimated that bitcoin could become the sixth largest reserve currency by 2030.Within 20 years,bitcoin would be accepted as a payment method in many countries since japan is to announce it as payment method by april 2017.

As tempting as it is to consider Bitcoin as mature and in its "final phase", it would be very presumptuous of a technology that isn't even a decade old, and the majority of users (myself included) aren't even halfway understanding how it works. 6th largest reserve currency is a tout that probably holds true only because of all of us holders.

I dont agree that bitcoin is now in its final phase. It cannot even solved its internal problems such as blocksize, high miner fees, possibility of split due to hardfork and conflict between miners. Bitcoin is very young and must face and survive all the challenges it has now otherwise it cannot reach the final phase and die on the process.

[AicecreaME]

I predict value will be 1 BTC -> $20000

You bet, bitcoins price is always fluctuating, sometimes it is having a huge price drop like last week because of this Hard Fork, though I know that Bitcoin will not be defeated just by this new coin that has been produced by BU, which is BU coin (correct me if I'm wrong) and right now, bitcoin's price is starting to rise up to the moon again.

So, I know, bitcoin 20 years from now, it would be more valuable and solid more that it is right now, and we are all going to be millionaires if we saved enough bitcoins when that time comes.

[ethereumhunter]

Bitcoin has been established as a commodity in its first phase.Now,in its final phase,it has to be established as a currency.It has been estimated that bitcoin could become the sixth largest reserve currency by 2030.Within 20 years,bitcoin would be accepted as a payment method in many countries since japan is to announce it as payment method by april 2017.

As tempting as it is to consider Bitcoin as mature and in its "final phase", it would be very presumptuous of a technology that isn't even a decade old, and the majority of users (myself included) aren't even halfway understanding how it works. 6th largest reserve currency is a tout that probably holds true only because of all of us holders.

I dont agree that bitcoin is now in its final phase. It cannot even solved its internal problems such as blocksize, high miner fees, possibility of split due to hardfork and conflict between miners. Bitcoin is very young and must face and survive all the challenges it has now otherwise it cannot reach the final phase and die on the process.

bitcoin is far from final and its still develop for great technology, i think the dev and the team is trying to solve many problems inside bitcoin and they are make sure that bitcoin will be the lead in future. so i think in 20 years from now, maybe bitcoin is still more develop with more expert people that will ready to help bitcoin to be mass adoption for every people.

[Labumi]

Right now Bitcoin is facing an issue it's not really that big but almost every year a new issue comes out that has the potential to be a big threat in it's existence,but so far bitcoin with it's community support still going strong so my conclusion bitcoin will still exist after twenty years.stronger by that time.

What honestly the issue do you mean? As i can seen the movement of the price right now is normal this is just like the same as other year before.. and honestly the price right now is still really high unlike before below $700 value.

Just like you. I also have a confusion against he who say that bitcoin has a problem. But as we know together price bitcoin (stable price) has a higher price compared with previous stable prices. So if indeed this problem there is on price, then this is not the bitcoin problem but an advantage. There is indeed a problem in the bitcoin, but not the price but rather on the degree of confirmation that sometimes have to be long to wait
 

[posternat]

20 years ago, did you think Bitcoin would be here today?

Have you thought about what Bitcoin will be 20 years from now? Bitcoin have.

There are alot of possibilites and things may happen in 20 years.Bitcoin maybe dead by that time,maybe bitcoin will still be alive but not at high price anymore.Anything may happen

Yes, anything may happen, so let us set our minds that, good may happen to bitcoin and last for so long and be good currency in no time, possitive thinking may lead to possiblity to happen