Do You Think Bitcoin Will Still Be Relevant in 2035?

[mirakal]

Will people still have the same confidence in cryptocurrency, or will these security challenges gradually push people away?
I know no financial system is completely free from risk, but I believe trust and security are very important for any financial system to survive.

The truth is, no one here can be certain what will be the future of bitcoin when 2035 comes. That's a long way to go, but still we can't be sure if the same confidence towards crypto will be seen, or the government will be more strict in their regulations as institutional bitcoin adoption has becoming inevitable.

But what's the point of saving more of bitcoin early when bitcoin will be no longer relevant when 2035 comes? Its clear that people trust and invest into bitcoin because they are sighting a good future in it, and that means it will stay relevant even after a decade.

[X-ray]

Over the years, crypto has created opportunities for people to invest, trade and move money across borders. But at the same time, we’ve continued to hear stories of hacked wallets, stolen funds, scams, fraudulent platforms and market crashes. Even major platforms like Binance have experienced security breaches and big whales manipulating prices. Incidents like these make me wonder how safe our funds really are, especially for ordinary people who trust crypto with their hard earned money.

Cash getting stolen or someone with cash getting scammed = individual mistake
Bank got hacked = Bank mistake

Now with crypto
wallet getting compromised = they blamed it as crypto mistake for not being safe enough
exchange hacks or hardware wallet manufacturer exploit = crypto get the blame again

See the problem? People weirdly shift the blame to crypto for what supposedly institutional or individual mistake. Those Bitcoin don't spend itself nor get itself stolen, over thousands of incident, it's never about Bitcoin getting breached but instead it's always mistakes made by the people who use Bitcoin.

Tho, I believe in 2035 instead of becoming irrelevant, it'll become more relevant than ever. The decentralized peer to peer money isn't just gimmick. It really have place in the financial technology.

[free-bit.co.in]

Yes I understand that everyone including institutions has the right to do whatever they like with their bitcoin stash at any time just like we witnessed micro strategy sales some months ago. All those things are possible but I will say that bitcoin strength will remain regardless. If they sell aggressively, they will still buy back and even though these current whales do not buy back, there's greater adoption on a daily basis which if others are selling, others will be buying. Both ways, the pressure will be reduced on the market. 2035 is a little time to start getting more worried about bitcoin because it has stood through 17 years, will 9 years time be the end of a value we see today? Perhaps not. So we buy regardless of what the whales are doing with their bitcoin.

Yeah, I never said Bitcoin would lose its value or fail to keep its standing. My point is that counting on what institutions do with their BTC to secure its future just is not convincing imo. After all, they are just like us, nobody has a crystal ball and there's no guarantee they won't dump it along the way either.

Bitcoin could very well keep growing and maintain its position going forward. But let's be real, that's still potential, not a guarantee . It never hurts to have a plan B .

[KawasakiNinja1_]

I expect bitcoin to be above $250000 in the next nine years. I do not what will happen to most other cryptocurrencies than they will be focused and later left for other new cryptocurrencies which will always make cryptocurrencies to be coins of games.

Over the years, crypto has created opportunities for people to invest, trade and move money across borders. But at the same time, we’ve continued to hear stories of hacked wallets, stolen funds, scams, fraudulent platforms and market crashes. Even major platforms like Binance have experienced security breaches and big whales manipulating prices. Incidents like these make me wonder how safe our funds really are, especially for ordinary people who trust crypto with their hard earned money.

It is not easy to manipulate bitcoin but it is easy to manipulate many altcoins. Make good research before buying any coin and expect that manipulation is possible for low cap cryptocurrencies and few high cap cryptocurrencies.

Yes you said reasonably Bitcoin is not easy to manipulate or artificially control because it may know that there is a powerful decentralized network behind it. Anyway OP you should know that even if crypto exchanges are hacked, people's trust in Bitcoin will not decrease because it seems to me that this is not a security flaw in the Bitcoin network itself, but rather a security flaw in the exchange.

Even more important is that even though the Bitcoin or cryptocurrency market faced a decline after this CEX hacking, the Bitcoin market later recovered and its price increased, therefore, those who are still hesitant about using these exchanges should refrain from using them and store their Bitcoin holdings in a safe place or self-custody.

[abaeze]

Sometimes I sit back and wonder about the future of bitcoin.

Over the years, crypto has created opportunities for people to invest, trade and move money across borders. But at the same time, we’ve continued to hear stories of hacked wallets, stolen funds, scams, fraudulent platforms and market crashes. Even major platforms like Binance have experienced security breaches and big whales manipulating prices. Incidents like these make me wonder how safe our funds really are, especially for ordinary people who trust crypto with their hard earned money.

OP, it is true that so much has happened, but Bitcoin's proof of work is still valid. Its White Paper hasn't changed and its protocol and Bitcoin core allow you to verify the validity and transactions of your Bitcoin. Since the beginning of Bitcoin, it has proven itself through so many adversities but has never been compromised. Also, Bitcoin has improved over time but without changing its core Decentralization, Limited Supply, Proof of Work and Consensus based structure.

So I think in the near future it will be even stronger and able to adapt to the times. Bitcoin won't only be relevant to the economy in 2035, but the economy will be largely dependent on Bitcoin and the big proof of this is its market cap of over a trillion dollars which will continue to grow over time. Also, it has survived through real use since the beginning and is continuously operated without any changes.

[WatChe]

The truth is, no one here can be certain what will be the future of bitcoin when 2035 comes. That's a long way to go, but still we can't be sure if the same confidence towards crypto will be seen, or the government will be more strict in their regulations as institutional bitcoin adoption has becoming inevitable.

But what's the point of saving more of bitcoin early when bitcoin will be no longer relevant when 2035 comes? Its clear that people trust and invest into bitcoin because they are sighting a good future in it, and that means it will stay relevant even after a decade.

Its difficult to predict what will be price of Bitcoin next week and predicting how relevant Bitcoin will be in 2035 is almost impossible. There are people who took Bitcoin for granted in its early days and they are regretting now but those who invested and hodled their Bitcoins for long term got good return in the end. We have seen with time that Bitcoin adoption has gone up and now institutes are also investing in Bitcoin, which is an indication that Bitcoin has a promising future. 

[davis196]

Sometimes I sit back and wonder about the future of bitcoin.

Over the years, crypto has created opportunities for people to invest, trade and move money across borders. But at the same time, we’ve continued to hear stories of hacked wallets, stolen funds, scams, fraudulent platforms and market crashes. Even major platforms like Binance have experienced security breaches and big whales manipulating prices. Incidents like these make me wonder how safe our funds really are, especially for ordinary people who trust crypto with their hard earned money.

It makes me wonder, What will the crypto space look like in the next nine years?

Will people still have the same confidence in cryptocurrency, or will these security challenges gradually push people away?
I know no financial system is completely free from risk, but I believe trust and security are very important for any financial system to survive.

Personally, I think it’s worth having this conversation.

This "conversation" will never end. People keep asking the same "Will Bitcoin still be around in 2198?" or "What would happen to Bitcoin after (insert random amount of years here)?" The truth is nobody knows what will happen after 10 years and we can only speculate. Maybe AI and quantum computers would destroy BTC/crypto, or maybe Bitcoin would become quantum resistant and AI would help in improving the blockchain. I'm giving a 50/50 chance for those two options to happen in real life, but what do I know. I'm not an expert in futurology and I'm not that tech savvy. Maybe a nuclear World War III would start and crypto would become useless/obsolete. Nobody would need crypto, if they don't have anything to eat.

[Mr. Magkaisa]

Bitcoin will stay and will still relevant even how mnay years pass, This BTC is not the same as other coin or token as we have 21million coins created and will never go far beyond that unlike other coins/tokens that can generate new supply and thier numbers is next to infinite. the supply and demand will always give value and pump to BTC unlike others.

[Junii]

Sometimes I sit back and wonder about the future of bitcoin.

Over the years, crypto has created opportunities for people to invest, trade and move money across borders. But at the same time, we’ve continued to hear stories of hacked wallets, stolen funds, scams, fraudulent platforms and market crashes. Even major platforms like Binance have experienced security breaches and big whales manipulating prices. Incidents like these make me wonder how safe our funds really are, especially for ordinary people who trust crypto with their hard earned money.

It makes me wonder, What will the crypto space look like in the next nine years?

Will people still have the same confidence in cryptocurrency, or will these security challenges gradually push people away?
I know no financial system is completely free from risk, but I believe trust and security are very important for any financial system to survive.

Personally, I think it’s worth having this conversation.

Bitcoin was made to not rely on third party and a person has full control over there money. Majority of people think bitcoin is just an investment asset but beyond asset bitcoin has other uses as well. Also you saying about binance hack no doubt it is a huge hack but they recover it and also if some people store there fund in binance or other exchange they have to keep in mind that these are all third parties which is different from the purpose of Satoshi. Off course self custody is not risk free if private key missing the recovery is almost impossible but if someone want to invest there money they have to understand the underlying concept and secure it accordingly because it is an asset plus it is a financial freedom.         

[Bit-Mj1014]

Sometimes I sit back and wonder about the future of bitcoin.

Over the years, crypto has created opportunities for people to invest, trade and move money across borders. But at the same time, we’ve continued to hear stories of hacked wallets, stolen funds, scams, fraudulent platforms and market crashes. Even major platforms like Binance have experienced security breaches and big whales manipulating prices. Incidents like these make me wonder how safe our funds really are, especially for ordinary people who trust crypto with their hard earned money.

It makes me wonder, What will the crypto space look like in the next nine years?

Will people still have the same confidence in cryptocurrency, or will these security challenges gradually push people away?
I know no financial system is completely free from risk, but I believe trust and security are very important for any financial system to survive.

Personally, I think it’s worth having this conversation.

Everything that has advantages must have disadvantages too, we all know this, looking at it from this point view will tell you that the hacks won't affect the adoption of Bitcoin.
I reckon that by 2035 the adoption of Bitcoin will be massive.

[Gragebox]

Sometimes I sit back and wonder about the future of bitcoin.

Over the years, crypto has created opportunities for people to invest, trade and move money across borders. But at the same time, we’ve continued to hear stories of hacked wallets, stolen funds, scams, fraudulent platforms and market crashes. Even major platforms like Binance have experienced security breaches and big whales manipulating prices. Incidents like these make me wonder how safe our funds really are, especially for ordinary people who trust crypto with their hard earned money.

It makes me wonder, What will the crypto space look like in the next nine years?

Will people still have the same confidence in cryptocurrency, or will these security challenges gradually push people away?
I know no financial system is completely free from risk, but I believe trust and security are very important for any financial system to survive.

Personally, I think it’s worth having this conversation.

Bitcoin was made to not rely on third party and a person has full control over there money. Majority of people think bitcoin is just an investment asset but beyond asset bitcoin has other uses as well. Also you saying about binance hack no doubt it is a huge hack but they recover it and also if some people store there fund in binance or other exchange they have to keep in mind that these are all third parties which is different from the purpose of Satoshi. Off course self custody is not risk free if private key missing the recovery is almost impossible but if someone want to invest there money they have to understand the underlying concept and secure it accordingly because it is an asset plus it is a financial freedom.         

It is also worth noting that having Bitcoin and being able to control Bitcoin are not one and the same thing. While storing BTC in a centralized exchange, you need the services of the platform itself in order to have access to your funds. Thus, using exchanges means taking certain risks which would not be present if you were managing everything yourself.

At the same time, self-custody implies responsibilities too. In case of a loss of your private key or recovery phrase, you will lose access to your funds and there is no customer support that will help you get back what belongs to you. That is why knowing about wallet security is as crucial as the knowledge of Bitcoin itself.

In addition, in my opinion, the real value of Bitcoin goes much further than its market price and lies in its capability to grant you direct ownership, permissionless transactions, and financial freedom. Although exchanges may help to buy and sell, they should not be considered as Bitcoin.

Finally, financial freedom requires taking responsibilities and learning to control our money is one of them.

[knuckey]

Bitcoin still has a long journey, the world's population is still not very familiar with bitcoin, just imagine if bitcoin is adopted by many people, in 2035 maybe 15-20% of the world's population will have adopted bitcoin, bitcoin's journey is still long, for now it is not at the end but has already begun the journey, no matter how strong the security created there will always be a small gap to be infiltrated, that's why if you want to adopt bitcoin keep your assets in your personal wallet, don't keep them on a centralized exchange

[Fivestar4everMVP]

It makes me wonder, What will the crypto space look like in the next nine years?

Will people still have the same confidence in cryptocurrency, or will these security challenges gradually push people away?
I know no financial system is completely free from risk, but I believe trust and security are very important for any financial system to survive.

Personally, I think it’s worth having this conversation.

Yeah, its sure worth having this conversation but where i think you got it wrong is by you not realizing that its not bitcoin that is getting hacked, the bitcoin code is intact, the blockchain is intact, what are getting hacked are services/companies that render Bitcoin and other cryptocurrency services. i clearly understand that if at any point in time, the hacks become incessant, it could or would negatively affect the crypto market and as a result, the price of bitcoin may or will struggle to go up, but this is just the worst of all; frequent hacks can do, it will kill businesses, companies providing Bitcoin related services that become a victim, but wont kill bitcoin, and i assure you that by 2035 and beyond, Bitcoin will still be relevant and perhaps even more than it is today.

[Obulis]

The fact that no financial services or system is completely free of security risk makes it very clear that all the security challenges happening recently are nothing but part of the whole thing. These are challenges that the crypto world has to face like other industries have their bottleneck. So in 9 years if it's just about security challenge then Bitcoin will still remain relevant because measures are already being taken to handle all this challenges. Not to forget, security challenge is a top challenge for financial system.

[Japinat]

The fact that no financial services or system is completely free of security risk makes it very clear that all the security challenges happening recently are nothing but part of the whole thing. These are challenges that the crypto world has to face like other industries have their bottleneck. So in 9 years if it's just about security challenge then Bitcoin will still remain relevant because measures are already being taken to handle all this challenges. Not to forget, security challenge is a top challenge for financial system.

Well, that's how you will play the game. If you have no knowledge on how to secure your coins, and just invest because that's what your peers are doing so,  just expect that one day you will lost all your coins because maybe you are just too confident, or perhaps you don't really know how to secure your wallet that makes your coins vanish in no time.

Bitcoin will stay relevant by 2035, but having that essence does not favor you if you still don't know how to protect your wallet from all sorts of hacks and scams.

[Questat]

It depends on the people who really understand the risk investing in bitcoin. Bitcoin will stay relevant for people who are completely aware on how to manage the security of their bitcoin, but bitcoin will remain irrelevant for people who often see bitcoin as a risky and unprofitable crypto asset.

But for us, no doubt we all agreed that bitcoin will still be relevant in the next 10-20 years. Simply because we're always rooting for bitcoin to offer us financial stability and security someday.

[o48o]

Sometimes I sit back and wonder about the future of bitcoin.

Over the years, crypto has created opportunities for people to invest, trade and move money across borders. But at the same time, we’ve continued to hear stories of hacked wallets, stolen funds, scams, fraudulent platforms and market crashes. Even major platforms like Binance have experienced security breaches and big whales manipulating prices. Incidents like these make me wonder how safe our funds really are, especially for ordinary people who trust crypto with their hard earned money.

It makes me wonder, What will the crypto space look like in the next nine years?

Will people still have the same confidence in cryptocurrency, or will these security challenges gradually push people away?
I know no financial system is completely free from risk, but I believe trust and security are very important for any financial system to survive.

Personally, I think it’s worth having this conversation.

Hacked wallets and exploits come with the value and that's nothing new. Only new thing is that amounts are higher, because money involved is higher. It used to be common that CEXes exit scammed and still people stayed and just hoarded more bitcoin.

I think that everyone suspected markets being manipulated some 10 years ago, because it didn't even require that much money. One would think it's not likely with current market cap, but we have never had so much rich people involved who have ability to manipulate markets. Wallet draining viruses and stolen privatekeys and scams weren't that uncommon either.

So to answer to your question: I am not 100% sure if it's "relevant" and to whom, but reasons you listed wouldn't be the reason for the irrelevance, because they never were before.

[Princeemmanuel070]

Same question was asked 10 years ago, now here we are. A decade from now BTC will still be very relevant and might be used as a legal tender by then by most countries.

[Crypto_Timothy]

Personally, I think it’s worth having this conversation.

Do i think Bitcoin will still be relevant in 10 years? Well yes, 100% and thats why i am still accumulating as i go on. With regards to the hacks and insecurity, i will say things like that have always been around and in the last 10 years, i know how many scams came to light using crypto investment as a curtain especially in my country, to the point where if you mention anything that sounds like online investment, they will immediately label you a criminal but right now i can say the space has improved and matured alot especially as Bitcoin gets more popular and the evidence gets more real, so in the next 10 years i certainly see Crypto improving and alot more person adopting it for business and other personal use.

[Abuobyda218]

If you look at the past history of Bitcoin, you will see more such hacking incidents. Where every year some central exchange has been hacked or even some important popular hardware wallet has been hacked. Basically, if we want to see, comparing the popularity of Bitcoin in the past and present era, it is clear that Bitcoin is in a much better position than before. Now various establishments are holding Bitcoin as reserves of their companies. Various banks are now accepting Bitcoin as collateral for loans. Despite all these incidents, people are still accepting Bitcoin well. So in 2035, Bitcoin will be in a better position and no matter how many unexpected events happen, Bitcoin will maintain its own position and gain popularity.