What is the future of Bitcoin?

[pooya87]

The "New Recession", which hasn't truly started, isn't because of the war. It's because of the tightening and rate hikes that the Central Banks currently need to do because of their BRRR-Money-Printing and government borrowing during COVID.

These things are not a simple and single cause and effect thing. They are more complicated than being summarized in one sentence.
The war is one piece of the chain that leads to the ongoing recession. For example rates hiked because energy prices keep rising and there is an energy shortage and at the same time there is all this printed money. The energy crisis is caused by the war while the money printing is partly the COVID result and partly bad policies. The combination of these two will cause very high inflation if they let the interest rates loose... so they choose lesser of two evils and increase interest rates at the cost of causing recession.

Even when it comes to bitcoin, the effects are not as simple as "we have recession so bitcoin falls". For example part of the reason is because the "debt" market where US sells its debt and pays "high interest" to those bag holding it, is currently sucking the money out of all markets including bitcoin's.

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[dothebeats]

COVID-19 is not a big factor anymore, in my country there are no restrictions in place
because of it, with the current strain the effects are similar to that of influenza so its not
affecting any markets including Bitcoin.

As regards the Bitcoin markets, September has rarely been a good month, it has primarily
been a "Red" month rather than "Green". Contrary to some peoples belief the Bitcoin markets
cannot and wont continue to rise, it just doesnt happen, there will always be massive rises
followed by corrections.

Its much better to have a long term outlook!

I agree with you. Even in the country I live in, the effects of COVID-19 are barely being disucussed anymore and it is felt and seen how everyone is already moving forward, including the national market. Hence, it is safe to state that what occured during the COVID-19 pandemic has long been acknowledged for it to have much effect on the market as well as Bitcoin. Additionally, it is true that September has not been a good month for Bitcoin market but that doesn't mean that it will continue to be like that, as we all know Bitcoin is volative and goes through periods like this, soon enough there is going to be a rise followed by corrections and then cycle with continue.

The effects of COVID-19 is the least of our worries as per what is happening to the market, there are certainly other factors to watch out for.

[Negotiation]

Bitcoin's future bright blockchain technology is all about cryptocurrency in the transaction process. So it goes without saying that the future of bitcoin is very promising although bitcoin is not yet recognized as a currency in many countries it is rapidly gaining popularity worldwide. Central banks of various countries have taken the initiative to formulate policies for the use of bitcoin. In the next few years the place of online transactions will be completely occupied by various cryptocurrencies or digital currencies. Bitcoin is more volatile than gold as an investment medium because there is no central authority, the amount of investment in bitcoin is increasing and other currencies depend on the price of bitcoin.

[LogitechMouse]

All the countries are going through a hard time by the fall of covid-19.

It's been 3 years since the pandemic started, and right now, we are returning back to normal already... or I think some called it the "new normal". Anyway, countries are recovering already though I might agree that the effect of the pandemic can still be felt thru increasing prices of goods, increased interest rates etc.

Also, a big token like bitcoin is tumbling in the market at a low position.

I can call Bitcoin as a currency, and at the same time as an asset, but I will never call it as a token.

It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

What do researchers think? The question is, are they thinking?
I mean I don't know what do you mean when you're asking what the researchers are thinking with what's currently happening with Bitcoin.

Re: What is the future of Bitcoin?

Future of Bitcoin?
Bright as the brightest star in the whole observable universe I guess? I might be wrong though, and it's brightness might turn out to be darkness... as dark as the biggest black hole in the universe. Kidding aside, I'm not a maximalist, but I believe that Bitcoin will be more popular as years pass by. At the same time, more and more establishments will try and accept Bitcoin.

[michellee]

Covid-19 is over and gone and now is the time to get back on your feet to organize a life in disarray due to the pandemic. Perhaps the current conditions have something to do with the recovery period in various countries due to the impact of the Covid-19 pandemic. People from these countries are trying to start a new life by looking for a new job or returning to their old jobs.

It's best if you don't need to worry too much about current market conditions because even though the market now looks sideways, Bitcoin can still survive. The future of Bitcoin still looks good because of the possibility of more adoption from people who see the potential that Bitcoin can bring them.

And in the current situation, people are taking advantage of this by buying Bitcoin because the price is still low. Moreover, there will be a halving next year, which is expected to help Bitcoin prices increase. But even so, no one knows about Bitcoin's future and everything is still a mystery.

[Asuspawer09]

All the countries are going through a hard time by the fall of covid-19. Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

I mean theoretically if we are going to base on the structure of Bitcoin and its nature for sure the market price of Bitcoin is surely going to increase overtime due to its limited supply of 21 Million Bitcoins, meaning there are only 21 million bitcoin that could only exist, just judging on the Bitcoin adaptation all over the globe it really significantly increase its adaptation and for sure the number of users these days just increase a huge amount of percentage that's for sure, so if the demand is going to increase and the supply is low as well that could easily mean the market price of Bitcoin is going to increase and project its market value up.

That is how it is overtime, but even though that is what is supposed to happen we are still not sure if it is going to happen that is why it is still a risky investment taking a commitment to investing in cryptocurrency because it is still possible that the market price is going to drop a huge percentage because of its volatility. There was surely no basis on its market price it is still pure speculation that the market price is going to skyrocket in the future, it is possible that Bitcoin would not even exist in the future.