What could be the future of Bitcoin

[Dannyella]

From the look of things Bitcoin will keep gaining a lot of grounds even in the nearest future as it appears promising.it encourages the introduction of things like lightning network ,it also enables speedy and less expensive transactions.institutional transactions are rapidly introducing Bitcoin as a part of their monetary strategies.nevertheless there can be competition from other digital assets if Bitcoin emerges  as the overall universal currency or if it remains a digital investment . it's existence is inarguable made a huge impact in technology and finance worldwide.

[Shadiq]

In terms of digital assets, I don't see any digital asset that is close to Bitcoin! I don't even know what assets you mean by digital assets. Are you referring to other crypto assets? Or are you referring to tokens, NFTs or digital financial assets? In both cases, no digital asset has been created yet to compete with Bitcoin or is Bitcoin even close.

However, we have no sure idea about the future of Bitcoin. Considering the past statistics and its global reputation and security, we can expect a bright future for Bitcoin. In recent times, various institutions have expressed interest in Bitcoin and government recognition is a positive aspect for Bitcoin and indicates a good future for Bitcoin very soon. Bitcoin will have to wait a long time to become a universal currency, I don't see it happening anytime soon!

[Donk1]

I believe that the future of bitcoin depends on the present , how well it gets exposed now  that's what will determine its adoption in the future.then again It's easy to say everyone often predicts bitcoin's future by saying it has a bright future  but let's not forget that bitcoin is unpredictable That is why when it comes to bitcoin's potential, yes, it's unlimited and it has scarcity. But then we should always remember that bitcoin's future depends on its value and its utility to us the users .that's just it.

[Chinesebaby]

nevertheless there can be competition from other digital assets if Bitcoin emerges  as the overall universal currency or if it remains a digital investment . it's existence is inarguable made a huge impact in technology and finance worldwide.

Point of correction, do you mean competition among other digital assets like Ethereum, Binance Coin (i.e BNB), Ripple and co, Or do you mean competition between Bitcoin and these other digital assets? Because it is very certain that if Bitcoin finally emerges as the overall universal asset, of which it is already one step towards it, I'm 100% sure non of these other cryptocurrencies will be a match towards it, as people will dump all these coins just to buy and invest in Bitcoin, which will literally make it more stronger.

[cxtreenal]

From the look of things Bitcoin will keep gaining a lot of grounds even in the nearest future as it appears promising.it encourages the introduction of things like lightning network ,it also enables speedy and less expensive transactions.institutional transactions are rapidly introducing Bitcoin as a part of their monetary strategies.nevertheless there can be competition from other digital assets if Bitcoin emerges  as the overall universal currency or if it remains a digital investment . it's existence is inarguable made a huge impact in technology and finance worldwide.

Bitcoin has already become a universal digital asset. From the beginning of this asset's journey to the present time, it has faced challenges at every stage and has become a store of value over the years. This has been possible due to its strong technical structure and the limited supply of Bitcoin has gained the most acceptance. The total population in the world is about 8.2 billion and the population will continue to increase over time. The maximum supply of Bitcoin is 21 million. If you consider in that context, as the demand for Bitcoin increases compared to the population, its worth will continue to increase. Continuous changes in technology will give Bitcoin a stronger structure and will spread more globally overall.

[DYOR+BTC]

The future of bitcoin now, I think is not sure and certain because of political involvement and interference, when bitcoin was invented it was driven by normal market flow and not political interference but now can not be controlled by normal market flow due to quest for sovereignty and superiority between different nations. Some country dislike the idea of bitcoin because  of  america's proposed plans and enemity among them which may at last  lead to its sudden crash when know one expected. Although for now its price is still at a high side and may lost it if the unexpected happens

[Odogwu-Blockchain]

nevertheless there can be competition from other digital assets if Bitcoin emerges  as the overall universal currency or if it remains a digital investment .

Competition?
Could you say Ethereum or Litecoin or whatever, they have all tried to compete but they failed, what is only competing with Bitcoin right now and even in the future is Gold, although has no transaction paypoint but the investment category is really challenging with Bitcoin.

Who knows if smart developers could integrate Gold from mere investment to both digital payment and investment purpose, something strange may happen.

[Josefjix]

The future of bitcoin now, I think is not sure and certain because of political involvement and interference, when bitcoin was invented it was driven by normal market flow and not political interference but now can not be controlled by normal market flow due to quest for sovereignty and superiority between different nations. Some country dislike the idea of bitcoin because  of  america's proposed plans and enemity among them which may at last  lead to its sudden crash when know one expected. Although for now its price is still at a high side and may lost it if the unexpected happens

I agree with you, I don hear rumors now sef say the current price of Bitcoin declining is because of say Israel get issues with Lebanon. All these factors now go dey affect the price of Bitcoin cause of political influence here and there.

The last dip wey happened few weeks ago wey them talk say 19b liquidated from market, na because black rock sell some parts of their Bitcoin.

The effects now na based on bigger institutions and government now.

[Zigabel]

From the look of things Bitcoin will keep gaining a lot of grounds even in the nearest future as it appears promising.it encourages the introduction of things like lightning network ,it also enables speedy and less expensive transactions. Institutional transactions are rapidly introducing Bitcoin as a part of their monetary strategies. Nevertheless there can be competition from other digital assets if Bitcoin emerges  as the overall universal currency or if it remains a digital investment . it's existence is inarguable made a huge impact in technology and finance worldwide.

Even now, there have been attempts by other digital assets wanting to look like Bitcoin but are yet to perfectly replicate its dynamics, currently it doesn't have to be until Bitcoin has emerged the overall universal currency, people have projected into its future already and seen that at a time, it will be in high demand with high valuation of which people will want to result to an alternate if they are unable to follow up with the pricing of Bitcoin and that is why we have so many ALT coins out there in circulation, hoping to be opportunistic with the chances Bitcoin may create for them in the near future.

Bitcoin has really created a paradigm shift in the financed world globally and has also paved way for some technologies which will ordinarily have no place in todays world, the payment systems are beginning to get passed the hurdle and barriers  of exchange and variation in location because Bitcoin can now stand in and still maintain the value and still deliver without issues bothering around location and the rest of the other hitches.

[Iamgoat]

The future of bitcoin now, I think is not sure and certain because of political involvement and interference, when bitcoin was invented it was driven by normal market flow and not political interference but now can not be controlled by normal market flow due to quest for sovereignty and superiority between different nations. Some country dislike the idea of bitcoin because  of  america's proposed plans and enemity among them which may at last  lead to its sudden crash when know one expected. Although for now its price is still at a high side and may lost it if the unexpected happens

Let's put it this way, politics can influence bitcoin's short term movements especially when countries make new regulations or when big economies take positions for or against crypto but in real sense, no government can fully control or destroy bitcoin because it is a decentralized platform and is not controlled by any government or politician but by individuals within the bitcoin and crypto ecosystem because bitcoin does not belong to any country and no one can print or freeze the accounts belonging to bitcoin, even when centralized exchanges are banned, by simply installing VPNs you can easily reaccess your own services if not all.

[Mehmet69]

Bitcoin is already very popular. Its demand will increase even more in the future. Its popularity has not increased only because of institutional transactions and government recognition. Its demand has spread worldwide because of the decentralized nature of Bitcoin.

However, I think that it is a matter of time before Bitcoin is used universally. Because there are still many people in the world where they cannot use the internet properly. So the universal acceptance of Bitcoin is a matter of time.