Is Bitcoin still basically the only bird in the world in 2050 ?

[aoluain]

I didnt vote for anything because neither of the 4 choices represent my thinking that there may
be something close to Bitcoin but not sure of the market cap, general altcoin crypto will still
be alive because there seems to be an endless supply of people looking and hoping to make it
big with some altcoin.

Further I believe everything which makes Bitcoin the pinnacle of the crypto currency space will
still remain 24 years from now.

[YOSHIE]

Is Bitcoin still basically the only cryptocurrency in 2050 ?

For now I am still speculating long on Bitcoin, 2090 Bitcoin will actually be much better and more valuable, considering the nature of Bitcoin, it will halve every four years, this is what makes Bitcoin rare and sought after by its users.

Maybe even though we won't be able to see the price of Bitcoin again that year, I speculate that this is a new breakthrough for Bitcoin. My speculation is that Bitcoin is different from other types of crypto, its creator has not been found, supply is decreasing and other reasons.

[Soldroplet]

I think Bitcoin will survive in 2050. Because Bitcoin was not created just for today's profit and loss, but over time its need will become clearer.
Bitcoin will still play a big role in the independent storage of wealth and long-term value. Because people start to believe in it and in the future as a storage of wealth and its influence is only increasing, its influence will never be over. The year 2050 is much closer than you think.

[colinistheman]

This is a Bitcoin forum and naturally we will want to see Bitcoin at the top and outlive all of us which is what I also want but the reality is that 2050 is in the next 23 to 24 years which is quite far and anything can happen before then. But for the foreseeable future I don't see any cryptocurrency that can rival Bitcoin, it's market cap and network are way beyond what any cryptocurrency can rival but we don't know in the far future maybe innovation make us see something bigger than Bitcoin.

I don't see why we should worry about a rival for Bitcoin, what we can worry is about Bitcoin losing it's value like dumping to $10 and not having the potential to recover again. If a rival somehow emerges inasmuch as it is competing with Bitcoin at the top then I wouldn't mind the competition. But for the cryptocurrencies that are available in the market now I don't think that they can come near Bitcoin.

I am a crypto investor, and bitcoin makes up a large portion of my portfolio. So, to be honest, I also hope that Bitcoin will always stay ahead and endure for a long time. However, the future is unpredictable, anything can happen, and competition can sometimes be a good thing. Because competition help eliminate what is weak and unworthy of surviving.
Yes, I agree that if new technologies are created that compete with bitcoin, we should not worry too much about it.

Besides, we do not need to worry too much about Bitcoin losing value without the possibility of recovery. Because it is a risk that is always present in any investment.

[Justbillywitt]

Crypto won't disappear by 2050, there will be emergence of new altcoins while some that are active now will be nowhere to be found by that time, which has already been happening. Some altcoins that were hot few years ago are no longer available today and it will continue that way forever. But I'm not seeing a scenerio where the entire crypto market will disappea at once, no it's not possible. Bitcoin will continue to be the dominant coin in the market even far beyond 2050.

[CryptoYar]

I find species analogy fascinating but I believe that bitcoin is more like fundamental protocol, like TCP/IP for internet, than single biological species. It is very probable that this is multi layered future of blockchain technology, with Bitcoin as top Hard Money / Global settlement layer, and myriad of other trillion dollar projects thriving to address certain utility needs such as smart contracts or decentralised supply chains etc. Only one does not matter, power of Bitcoin is its singular decentralization and scarcity that other mid size equity-like crypto assets can not duplicate. Many smaller projects will most likely become stocks of this digital age, as Bitcoin is looking to become foundation of whole financial structure, and it is not likely to disappear or be replaced at this stage of institutional adoption.

[HONDACD125]

We are still 23 years and some months away from 2050, and that is a very long time, so anything can happen in these years. However, I don't really think that cryptocurrencies won't be there by then or only Bitcoin will be there, because as long as this market exists, because Bitcoin is also a part of it, there will always be alternative cryptocurrencies as well, if current projects shut down, even the most reputable ones, they will be replaced by other projects and cryptocurrencies, because it is not like developers will stop creating new cryptocurrencies, there will be more protocols, more ideas, and definitely more cryptocurrencies.

I also always think about how someone in the future might create something else, something different than cryptocurrencies, not using a blockchain but a different technology, because until Bitcoin was created by Satoshi in 2008, the world didn't know such things could also exist, but look at the growth of the market. Similarly, someone might come up with another brilliant idea, and create something extra-ordinary, and then we might have two different markets, and then there will be competition between the two.

Just some thoughts, I know it's not easy or easily possible.

[Ndabagi01]

It is not easy to remain alive long run when you are the only specimen from your species.
Is anyone here who feels the same way ?

Even before the invention I other cryptocurrencies, Bitcoin was already many miles away from them, which makes it impossible for them to actually catch up with bitcoin. This is getting to two decades since the kick off of the Bitcoin project and no any other cryptocurrency has come closer or even becoming a threat to bitcoin. I don’t also think that in the next decades to come, we will see a cryptocurrency that is coming to outshine bitcoin, unless we see a new invention that’s not cryptocurrency. But as for crypto coins, bitcoin is already far ahead and every other project have to believe and live by that. Bitcoin is the king of all cryptocurrencies and the king cannot be overthrown.

[GreatArkansas]

I didnt vote for anything because neither of the 4 choices represent my thinking that there may
be something close to Bitcoin but not sure of the market cap, general altcoin crypto will still
be alive because there seems to be an endless supply of people looking and hoping to make it
big with some altcoin.

Further I believe everything which makes Bitcoin the pinnacle of the crypto currency space will
still remain 24 years from now.

It's more likely that history repeats itself. For me, Bitcoin will stay just like how gold or our fiat currency stays. For sure, a Bitcoin ETF will be huge soon.
As the tech evolves every day, Bitcoin will stay, but I believe there will be new innovations that will help Bitcoin to thrive more.

[cxtreenal]

I bet that there will be much more than one Bitcoin-like more than trillion usd (in usd nowadays purchasing power) and countless number of medium sized (but still felt like real assets - just as medium sized stocks/companies today) cryptocurrencies in the two decades horizon. The version next probable is that crypto disappears. The last probable version is that there will be basically only one crypto (Bitcoin or some other).

It is not easy to remain alive long run when you are the only specimen from your species.
Is anyone here who feels the same way ?

Bitcoin has been around for 17 years and its demand is growing steadily. During this time, countless coins have emerged, but most of them have not achieved the same level as Bitcoin. The only credible and decentralize cryptocurrency is Bitcoin, and no other coin can compare to it. Of all the coins in the market that claim to be decentralize by their developers, very few are truly decentralized and trustworthy.

You have predicted the emergence of multiple cryptocurrencies like Bitcoin in the next 20 years. It may be, but whether Bitcoin will have the necessary intrinsic value to become a peer and store of value is a matter of consideration.

[STT]

There'll always be multiple attempts at a standard but I'd expect BTC to be top in 2050 still.   Theres the possibility of some greater genius or unpredictable transformation of multiple industries and products via Quantum computing or even AI perhaps but its very hard to predict all that.
   I was expecting 'free energy' to become possible in some way where we can produce or multiply energy so that its no longer a limit to activity, that'd change all things throughout the economy and maybe it disrupts BTC and some other protocol is better adapted; apart from that BTC top imo.

[JaanusRaim]

Thank you for many interesting answers.

I fully understand your strong belief of Bitcoin because Bitcoin is the only one that has achieved its target value and met 100% its investors expectations
https://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/
Now it is the time to celebrate it !

The 2017 altcoin revolution failed and in accordance with the 2018-2026 alt results the narrative "altcoins are pump and dump scams" has grown dominant. It is not a prestigious to be an altcoiner at the moment.

One extremely interesting thought was that the entirely new asset class may emerge (like cryptocurrencies were in 2009)..... The quadrillion dollar question is what it can be

[Bitcoin_people]

I bet that there will be much more than one Bitcoin-like more than trillion usd (in usd nowadays purchasing power) and countless number of medium sized (but still felt like real assets - just as medium sized stocks/companies today) cryptocurrencies in the two decades horizon. The version next probable is that crypto disappears. The last probable version is that there will be basically only one crypto (Bitcoin or some other).

It is not easy to remain alive long run when you are the only specimen from your species.
Is anyone here who feels the same way ?

Since you mentioned 2050, Bitcoin will definitely become more popular and its value will increase even more by this time. As we know that numerous coins will come and go in the crypto market but they will be destroyed, we have already seen many coins that have been left in the past which have been destroyed. Numerous coins will come in the crypto market but they will never be able to survive in the face of Bitcoin, rather we expect Bitcoin to survive for generations and it will become expensive. We know that in the future, local currencies of different countries will lose their value due to inflation but at that time, people will use Bitcoin as an alternative currency. We can definitely assume that in the future, Bitcoin will reach a situation where people will not only see it as an investment but also as a virtual asset for them.

[CryptoYar]

[...]

Cryptocurrencies like so many crypto projects are designed to speculate, but Bitcoin was made to stand test of time. But, Age of Fiat carries on in its inevitable race to bottom and finite issuance can be ultimate life raft globally. To me, it is almost foregone conclusion that BTC has to become basic monetary layer by 2050, moving away from investment asset. In coming years future generations will be looking at fiat money with huge amount of suspicion since inflation will have totally eliminated its purchasing power. Wealth, worldwide, will become benchmark unit of measure. Bitcoin will not just be asset you buy and then sell to make some more cash later, it will be standard yardstick. If they are putting on to right track today in multi decade disciplined process they actually are purchasing stake in future economic infrastructure of world as still others are getting on same bandwagon.

[fuguebtc]

[...]

Cryptocurrencies like so many crypto projects are designed to speculate, but Bitcoin was made to stand test of time. But, Age of Fiat carries on in its inevitable race to bottom and finite issuance can be ultimate life raft globally. To me, it is almost foregone conclusion that BTC has to become basic monetary layer by 2050, moving away from investment asset. In coming years future generations will be looking at fiat money with huge amount of suspicion since inflation will have totally eliminated its purchasing power. Wealth, worldwide, will become benchmark unit of measure. Bitcoin will not just be asset you buy and then sell to make some more cash later, it will be standard yardstick. If they are putting on to right track today in multi decade disciplined process they actually are purchasing stake in future economic infrastructure of world as still others are getting on same bandwagon.

Do you even know how long fiat has existed? Bitcoin will definitely become the base layer of money by 2050? Bitcoin will be the standard yardstick? What data and analysi are you relying on to be certain about these thing, or are you just speculating based on personal beliefs and blind optimism?

I'm sure you are only using bitcoin as a tool to get rich and do not want to spend it even if its accepted as an alternative payment method.


In fact, most of us are perfectly fine with holding Bitcoin and treating it as a speculative asset, waiting for the price to go up and selling it. Very few people actually want to use it as a real currency as they claim. But they do not dare admit it.

[Exitoral]

Bitcoin will still be the dominant one by 2050. I don't think any coin will dominate bitcoin. Maybe they might. But as what I am seeing now. No one.

Bitcoin is a market cap of 21 million supply. No cryptocurrency comes closer. That scarcity alone gives bitcoin an edge. If you look at were the big dogs are investing. That alone should tell you something.

The survival of bitcoin in all areas, the restrictions, the hate, and the banter. All of it. Bitcoin survived it all. Which coin comes close. None.

There might be other cryptocurrency who might try to match up. But it won't. Bitcoin is regarded as a digital gold.

[Out of mind]

There are many people who do not see crypto as trading but as a new type of financial infrastructure. We know that in every field there is a lot of competition at the beginning, so I think when more crypto currencies are created in the future, many people will go to such platforms and make big investments. At present, compared to the crypto market, thousands of projects are coming up and are moving towards making them successful. But we can definitely plan for the future because such projects may not survive in the long term, but in the future Bitcoin will be the only strong store of value. Although it is not possible for everyone to survive in the long term, those who are patient will definitely stay for a long time.

[dezoel]

I think Bitcoin will survive in 2050. Because Bitcoin was not created just for today's profit and loss, but over time its need will become clearer.
Bitcoin will still play a big role in the independent storage of wealth and long-term value. Because people start to believe in it and in the future as a storage of wealth and its influence is only increasing, its influence will never be over. The year 2050 is much closer than you think.

It's hard to agree because while I love Bitcoins and no doubt it has been life-changing for me, I have to be realistic and 25 years is a long period.

OP is not wrong that during this period there will be a lot of new cryptocurrencies and one that might entirely take over the market and establish itself as the biggest crypto.

All that being said, BTC will always stay relevant because the market cap is humongous. Unless there is some bug found, which I doubt there will be, then BTC will always be among the top charts even after 25 years from now.

[ImGenius]

I bet that there will be much more than one Bitcoin-like more than trillion usd (in usd nowadays purchasing power) and countless number of medium sized (but still felt like real assets - just as medium sized stocks/companies today) cryptocurrencies in the two decades horizon. The version next probable is that crypto disappears. The last probable version is that there will be basically only one crypto (Bitcoin or some other).

I get your point, but copying Bitcoin’s idea doesn’t mean copying its trust security and decentralization. Many coins may survive sure but most will be like companies competing for attention. Bitcoins strength is that it doesn’t need a teacher above it.

[yhiaali3]

It goes without saying that Bitcoin will be the only coin or the only bird in the world in 2050 as you say, I don't think there will be another coin capable of competing with Bitcoin for even a hundred years to come.

There will certainly be many cryptocurrencies besides Bitcoin, and some of them may have a very large market value, such as Ethereum, but the vast majority will not have the value or importance of Bitcoin and cannot be compared to Bitcoin.