What will Bitcoin look like in the future?

[Assface16678]

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please 

Controlled by the government? I think not, no matter what, or no matter what time it takes. Bitcoin can never be controlled by anyone, not even the government, because it is decentralised and no one can decrypt or access the source code of bitcoin unless the creator itself, but I think that over the years, Satoshi Nakamoto hasn't done anything to interfere with bitcoin, and I think it will stay that way for the future. 
 
But I think the possible and clear way of using bitcoin in the future is that it will be known more and used more in the world, and it will be like a normal currency that can be used on a daily basis. That's why if you are still not doing bitcoin investment, then you might want to consider investing before it's too late because you will be missing an opportunity of your life. Well,  in conclusion, it will be a blast for bitcoin in the future.

[JusticeSolus]

bitcoin is going to be (if it isn't already lol) the premier alternative to cash.  It will also be the key to freedom and self-custody that comes with that freedom.

Crystal ball will tell you everything else, because bitcoin is here for the long game and I can't think that far into the future for my own good.

[Easteregg69]

Next up is I go spam youtube with the best rock bands and I know you work in the "me" office!

"Motörhead - God Was Never on Your Side".

Bitcoin will looked at like the "The most friends of rioting dogs". A dead end. Aka. /dev/null

[Easteregg69]

bitcoin is going to be (if it isn't already lol) the premier alternative to cash.  It will also be the key to freedom and self-custody that comes with that freedom.

Crystal ball will tell you everything else, because bitcoin is here for the long game and I can't think that far into the future for my own good.

You work sales material.

[dunfida]

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  

where is it going?
No one really knows but one things for sure that it would really be reflecting out in overall recognition and adoption on which it
would really be that depending into those factors which would really be seen into its value. So it would vary whether going up or down but seeing on how it did
perform for the past decade then we have seen so much progress.

Will it make everyone free?
Free in terms of finances? It would really be depending on the investment that you had put up of course.

Will it be regulated and become government controlled?
Government cant touch this one, they've been long time sure that trying out to do such thing but still even up to now
there's no way that it could be stopped.

This is why investing or choosing up whether for investment purposes or would really be focusing into its
utility then it would really be that according into you.

[Hamza2424]

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please 

This topic is already discussed and the crazy theories you are expecting are presented many times on different topics you can use the search system to check out those topics, At the same time what I think is yes, ETFs are kind of a way to spoil things in the Bitcoin network and community, to maintain the concept and transparency alive you need to buy your coins under your custody. Third parties are no longer needed.

As far I see Bitcoin after this cycle it will be called digital gold haha, officially I mean to say that now the majority will recognize Bitcoin as a store of value an investment opportunity only.

[EarnOnVictor]

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?

So many questions you have there, but let me try to answer all of them as summarily as possible. Fine, Bitcoin has made tremendous success between 2009 and 2024 as it moved from almost nothing to the ATH of about $73,850 this year. It is still promising on the bullish path but any right-thinking person should know that it can't be business as usual for the coin. The way Bitcoin was moving in huge multiples those years cannot happen again because the price is now heavy, otherwise, it will become inflationary and become a joke rather than what people wanted it to be. But still, it will continue to climb higher, only that the pace will be so reduced, unlike the huge targets that the unfounded people are calling for it. Also, in this current bull run, if the coin can hit the $100,000 psychological level, it will be a very good achievement even as it will face a whole lot of hurdles before such would happen.

As for Bitcoin helping everyone to gain financial freedom, I tell you emphatically that it will not happen. That time has passed and even if someone strikes Bitcoin at $70,000, who knows how many years it will take before the coin will reach twice the price at $140,000? That can't ascertain financial freedom anymore or hedge inflation.

But for the regulation, well, Bitcoin can't be regulated directly because it is out of the control of the government since it is a decentralised blockchain. But indirectly, we should expect more regulation, and whether we like it or not, Bitcoin can still be indirectly regulated and this will happen in the strictest form over time.

[Churchillvv]

From every move taken by governments against bitcoin and with the current changes I can see in bitcoin, personally I see bitcoin to be more of a speculative assets than a currency which it is meant to be.

Even with an obvious look we can see that it's moving away from its initial intention to a more even assets that one can use to trade and make more money than a currency itself.

Even with this frustrating steps governments are taking in regulating the use of bitcoin, we might see some resistance to any extent but yet we can't still know what exactly will be the next move of governments, just as pmalek said below

I wonder how long until we start hearing about cases where developers are charged by random women for sexual abuse.

[Faisal2202]

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please 

It will be regulated. As the SEC and many other government entities are involved in crypto and in the latest news, Gary Gensler said we will be working to regulate crypto so people would not be scammed by any platform in this era and I think it's a good thing as if they will regulate it. It means more and more people will be joining the crypto industry. But it also means we will see crypto controlled by the government but that will not be 100% as no one can actually control your funds except the banks.

If you own the key funds are yours, they can't own them or force you to give them your keys. Overall people will come toward the use of BTC directly as of now they are using BTC via ETFs which is not the direct use of it, but a time will come, where the regulation will start to hurt people and make some difficulties fro them that they will seek alternative options like using BTC directly without using BTC ETFs.

[Maus0728]

It's not going to go anywhere definitely, bitcoin would probably have more applications in the foreseeable future but in terms of practical predictions, I'd say that bitcoin's probably going to be just fine where it is right now because it's just an investment tool as of now and a currency for some people, there's nothing more that you can do about it. Pretty sure that bitcoin's going to be much bigger in terms of price and adoption though, of that one I'm sure of that, if we're talking about a decade from now, we'd probably never see this current price even as a floor price and we'd be panicking and giving into FUD when bitcoin goes down to a $100k.

[Obari]

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please 

Absolutely no one can boost speak of the future if bitcoin and that’s why, everything about the future of bitcoin is only predicted and just from the way everything looks in the cryptocurrency industry, I think there would be a time cryptocurrency might be at some degree be regulated by the government because lately, I have seen a lot of exchanges which makes the trading and exchange of cryptocurrencies much more easier been restricted in slot of Africa countries and this is a clearer sign that, government are already winning these battle of decentralization and with time, government might begin to directly or indirectly run the affairs of cryptocurrencies.

[ololajulo]

The future is upon us. I envision a digital form of gold placed on a shelf, treasured by countries and institutions. By holding onto this digital asset, they create scarcity, turning it into a major financial investment that can withstand market fluctuations in the future.

[Helena Yu]

When it comes to centralized exchanges, their positions keep decreasing as time goes by. That's a positive thing because it means there are less coins that might get hacked and cause a big downtrend as a result. You are right that ETFs have seed huge inflows of money recently. In fact, the money coming in every day is much more than what miners can theoretically mine in the same period.

I'm not sure where you read the trend of holding in centralized exchange is keep decreasing when the value of their hot wallet keep increasing, it's opposite with what you said.

1. https://platform.arkhamintelligence.com/explorer/entity/binance
2. https://platform.arkhamintelligence.com/explorer/entity/bybit
3. https://platform.arkhamintelligence.com/explorer/entity/coinbase

Controlled by the government? I think not, no matter what, or no matter what time it takes. Bitcoin can never be controlled by anyone, not even the government, because it is decentralised and no one can decrypt or access the source code of bitcoin unless the creator itself, but I think that over the years, Satoshi Nakamoto hasn't done anything to interfere with bitcoin, and I think it will stay that way for the future.

Until the government would be very strict with Bitcoin taxes and asked to declare all of your coins and the address you own, if you didn't declare it you will get taxed higher or treat you as a criminal, it's when the government almost have a power to control Bitcoin "indirectly".

[adultcrypto]

There will be more countries like El Salvador that will legalize Bitcoin as legal tender in the future.

Aside from making nice headlines in articles, Bitcoin in El Salvador was a big failure...

https://www.youtube.com/watch?v=asmOZh-E8W0

I will not outrightly call bitcoin a failure in El Salvador and using the information in the video you shared to conclude that bitcoin was a failure in El Salvador is a great error. The video simply detailed common inherent challenges militating against bitcoin which include high fees, delayed confirmation time due to network congestion sometimes, and the technical awareness required to use bitcoin. I still believe with time these challenges will be solved as it will not happen automatically.

First thing you need to remember is that the reason Satoshi created bitcoin in the first place was never to replace fiat but offer alternative in a bid to bringing freedom to the world. There is never any way the whole of human population will use bitcoin as it is a thing of choice. El Salvador did not make bitcoin their only currency but one of their currency to exist together with their fiat.

[Fara Chan]

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please 

From the time period you have mentioned, I have not seen any government control over Bitcoin, which means that Bitcoin was not created to be controlled by any government in the world, so you don't need to doubt that. Moreover, if you already know what the price of Bitcoin was in 2009 and the price of Bitcoin this year, that should help you a little to open your mind and eyes to see that Bitcoin is the best asset that cannot be controlled by the government but is capable of growing to this size.

[iBaba]

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please 

The technology behind the invention of Bitcoin among other digital currencies is revolutionary but what gives bitcoin an edge over others is its popularity, notability and credibility as the first known and widely launched digital currency that spread across world making it the most valuable in the market so far. Big ups to the inventor Satoshi for bringing the monumental invention of Bitcoin technology as an alternative to the centralized system practiced over the years and controlled by the government.

This alone have given the bitcoin the massive attention as a decentralized system of financial system, by extension making it an avenue for people to invest in the prosperous digital currency  and making it the biggest thus far.

[MeGold666]

I will not outrightly call bitcoin a failure in El Salvador and using the information in the video you shared to conclude that bitcoin was a failure in El Salvador is a great error. The video simply detailed common inherent challenges militating against bitcoin which include high fees, delayed confirmation time due to network congestion sometimes, and the technical awareness required to use bitcoin. I still believe with time these challenges will be solved as it will not happen automatically.

You can't get better view on reality from simply asking people on street how they view it.

The challenges you have listed are a big problem and the solution has been there for years so why you still believe "with time" it will be solved ?

You can read my last two posts about it:
https://bitcointalk.org/index.php?topic=5498747.msg64197903#msg64197903
https://bitcointalk.org/index.php?topic=5498747.msg64201969#msg64201969

[btc78]

We know where it was in 2009, where it is now (2024), but where is it going?

For people who say that its price will skyrocket, we already know that. The question would be until when it rise? Until what price? Because personally, I think at some point we will reach a time where bitcoin will no longer increase in price but at the same time it wouldn't decrease because it can still be used as a currency, and I think at the end bitcoin will be used as a payment method more than as an investment.

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please 

There is only so much the government can do about bitcoin. They can control whether it's legal or illegal to use bitcoin but they can't do anything to prevent a transaction from being made.

[MeGold666]

I think at some point we will reach a time where bitcoin will no longer increase in price but at the same time it wouldn't decrease because it can still be used as a currency, and I think at the end bitcoin will be used as a payment method more than as an investment.

Price will increase indefinitely because it's evaluated in FIAT which is printed without limit, the same way as Gold is increasing in value.

I'm sure we won't see 10x price increases in short period of time in the future (or even now) as marketcap will be too big for that.

As for being used as payment, if devs won't update the protocol for scalability then no, it won't.
Bitcoin will miss the biggest market of them all - being used as Money.

Seeing how things are today and for the past decade, the boat has already sailed away for that market.

[Z-tight]

El Salvador did not make bitcoin their only currency but one of their currency to exist together with their fiat.

Yeah, but most of the population in El Salvador do not use BTC, they don't even truly understand how it works, so many of them only downloaded the Chivo wallet to claim the $30 bonus attached to it, and afterwards they never used the wallet again or used BTC even in a different wallet. I may not call El Salvadors BTC plan a failure yet, but it is far from being a success and close to being a failure, so yeah.